A foreign qualification is a bachelor or higher degree or an equivalent qualification awarded by a higher education provider outside Australia.
Individuals with completed foreign qualifications may apply for their foreign qualification to be approved as meeting the financial adviser education requirement.
The decision to approve a foreign qualification is often conditional on the completion of additional courses to ensure that the appropriate knowledge of Australian legislation and regulations has been obtained.
When relying upon assessment of foreign qualifications, new financial advisers and individuals wishing to commence a career as a financial adviser must meet the education standard before they can sit the financial adviser exam or be registered as a provisional financial adviser.
Financial advisers who are existing providers, have until 1 January 2026 to meet the education standard.
This includes obtaining approval of a foreign qualification, if the foreign qualification is relied upon to meet the standard.
How to make an application
Applications for approval of a foreign qualification assessment should be made via the application form below.
Obtain a Department of Education assessment
Before making an application, a person's qualification must be assessed by a Department of Education (DoE) or a DoE approved body to determine what level the foreign qualification is under the Australian Qualifications Framework (AQF).
The following documents must be attached to your application form:
- certified copy of the DoE or DoE approved body assessment
- certified copy of the academic transcript for the qualification
- certified copy of the qualification award
- certified copy of photo identification (passport or driver licence)
- proof of name change: if you have changed your name from the name displayed on the documents, you must provide evidence (for example a marriage certificate or change of name document).
All documents must be certified within one year prior to submitting and translated in English.
You can find important information about the financial adviser exam, including exam eligibility number for new entrants or considerations if you are yet to pass the exam, on the ASIC website.