Kaplan Adviser Practice Exam (KAPE)

Are you prepared for the FASEA exam?

With time running out for advisers to pass the FASEA Financial Adviser Examination, Kaplan Professional is committed to supporting you to achieve this milestone sooner rather than later. We have the most comprehensive and authentic exam preparation resources in the industry, including the Kaplan Adviser Practice Exam (KAPE), complimentary question banks and world-class FASEA-approved bridging courses.


Personal consultations available

Kaplan Professional understand some advisers may be apprehensive about sitting the FASEA exam or have failed and are struggling with some self-doubt.

We’d encouraged anyone in this situation to talk to us about their individual circumstances as we’re committed to supporting you. We’ll work with you to personally tailor a comprehensive preparation solution that will equip you with the confidence you need to perform at your best when you sit the FASEA exam.

Depending on your needs, we can support you with:

  • Up to three versions of the Kaplan Adviser Practice Exam (KAPE)
  • Up to three FASEA-approved bridging courses
  • Practice question banks
  • Self-paced program with group tutorial sessions
  • Facilitated intensive workshops
  • One-on-one coaching


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Online preparation room

Once you enrol into KAPE, gain access to online preparation resources prior to sitting the practice exam. You’ll be provided with login details where you can access preparation material, including:

  • Information about the exam
  • Reference materials relating to each of the three knowledge areas
  • Sample exam questions

Important: You’ll have 12 weeks from your enrolment date to book and sit your exam. We recommend you access the preparation resources at least two weeks before your scheduled exam.

Online practice exam

Designed to simulate the structure, duration and exam conditions of FASEA’s Financial Adviser Examination**, this online proctored practice exam covers content from FASEA’s three knowledge areas:

  • Financial Advice Regulatory and Legal Obligations
  • Applied Ethical and Professional Reasoning and Communication
  • Financial Advice Construction


You’ll have a total of 3.5 hours (including 15 minutes’ reading time) to complete 64 multiple-choice questions and 6 case studies with a number of short-answer questions associated with them.


Important: You have 12 weeks from enrolment to book and sit your exam. If you don’t book and sit your exam within this timeframe, you will need to enrol and pay the associated fee again.

$75 per person to gain access to online preparation resources and one attempt of the practice exam.

Multiple versions of KAPE are available.


Important – effective 1 July 2020: Anyone who books or reschedules their practice exam within 72 hours of their specified date and time will be required to pay a $20 USD service fee directly to ProctorU.



Advisers who book into a remote sitting of KAPE will have the opportunity to sit another remote version of KAPE for an extra $50. This means you can sit two versions of KAPE for just $125.

*Expires 31 December 2020

KAPE is now an online proctored exam, so you can sit it remotely in the comfort of your own home or office.

You’ll be provided with a login on enrolment and the password to access your practice exam will be provided to you on the day you schedule to sit your practice exam.

KAPE is now delivered remotely using the same online proctoring technology as FASEA. This means you can now sit KAPE in the comfort of your own home or office.

You have 12 weeks from enrolment to book and sit your practice exam. You have the flexibility to book your sitting any time between Monday and Friday (9:00am to 5:30pm AEST).

You’ll be provided with your individual results approximately one week^ after the practice exam. Your results will be made available within KapLearn^^. This will allow you to pinpoint possible areas of improvement prior to sitting FASEA’s Financial Adviser Examination.

If you’re eager to continue to test your knowledge after your first attempt at KAPE, you may choose to re-sit the practice exam. If you decide to re-sit KAPE, you’ll be required to pay the exam fee of $75. It is recommended you wait two months prior to re-sitting the practice exam.

Please note, you won’t be eligible for CPD points by completing KAPE.

^During periods of significant volume, this timeframe may be extended.
^^KapLearn is Kaplan Professional’s online learning management system.

The benefits of completing KAPE remotely include:

  • Understanding what it’s like to sit a lengthy exam remotely under supervised conditions
  • Identifying possible knowledge gaps
  • Helping reduce any apprehension about sitting a formal exam remotely
  • Reinforcing existing knowledge
  • Practising effective strategies for taking an exam remotely

There are three versions of KAPE available with a different set of questions based on FASEA’s three knowledge areas. As the price to sit KAPE remotely has been reduced to $75, this makes it more affordable to sit KAPE multiple times. This will help you feel more confident and equipped to sit the FASEA exam.

The results for each of the three knowledge areas is a combined grade for the multiple-choice and short-answer questions. Assessor feedback is provided for each attempted short-answer question in each of the knowledge areas. No additional feedback is provided for multiple-choice questions to preserve the integrity of the practice exam.

The pass mark for the practice exam is 65%. It’s possible to pass the overall practice exam without passing each knowledge area.

” I participated in and passed the Kaplan Adviser Practice Exam late last year, together with completing the Ethics and Professionalism bridging course, in preparation  for the FASEA national exam. I sat in December 2019 and I’m happy to say I passed! I can proudly advise these two academic requirements put me in a confident state of mind to pass the FASEA national exam. Thank you to Kaplan Professional for all your help.”

John Core | Sunsure Financial Planning

Further exam preparation for Ontrack subscribers


Ontrack subscribers have complementary access to exam preparation material with an entire library of practice exam questions. These are designed to add another dimension to your exam preparation.

Two questions banks are available:

  • Q-Bank: Financial Advice Regulatory and Legal Obligations
  • Q-Bank: Applied Ethical and Professional Reasoning and Communication


A third question bank (Q-Bank: Financial Advice Construction) will be released in Ontrack soon.

Similar to KAPE, questions are written by Kaplan Professional’s subject matter experts and are designed to be robust and challenging.

You can attempt the practice questions as many times as you like to grow your confidence and practise effective exam-taking strategies.

If you’re a licensee interested in having your advisers sit this practice exam remotely, please contact us on 1300 728 505 or corporatesoultions@kaplan.edu.au. Alternatively, speak to your Corporate Relationship Manager.


**Kaplan Professional has developed the Kaplan Adviser Practice Exam (KAPE) to simulate the structure, duration and exam conditions which may be encountered in FASEA’s National Adviser Exam. The KAPE questions, content and resource materials have been prepared to help support your preparation. These are aligned to the Financial Adviser Examination guidelines released by FASEA. However, they may vary somewhat from the examinable areas, questions, materials and assessment of your performance in FASEA’s National Adviser Examination. Kaplan Professional does not guarantee an individual will pass FASEA’s Financial Adviser Examination as a result of completing or attempting KAPE and using our exam preparation resources.

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