Kaplan Adviser Practice Exam (KAPE)

Eager to start preparing for FASEA’s upcoming Financial Adviser Examination?

Kaplan Professional is here to support financial advisers like you with our Kaplan Adviser Practice Exam (KAPE).

Exclusive to Ontrack subscribers, we’re delighted to offer a range of exam preparation resources to help you prepare and practice prior to sitting FASEA’s Financial Adviser Examination*. Gain access to an online preparation room as well as a practice exam, designed to simulate the structure, duration and exam conditions of the Financial Adviser Examination.

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 four 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 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 four 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.

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$125 per person to gain access to online preparation resources and one attempt of the practice exam.

KAPE is an online supervised practice exam. You’ll be required to attend a designated venue to sit the practice exam. You’ll be provided with a login upon enrolment and the password to access your practice exam will be provided to you at the exam venue.

There are various venues located in the CBD of Brisbane, Melbourne, Perth and Sydney.

You have four weeks from enrolment to book and sit your practice exam, which are held during office hours from Monday to Friday. We recommend you book your practice exam on enrolment in order to secure your preferred day and time.

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 $125. 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.

Further exam preparation for Ontrack subscribers

FASEA exam prep: Q-bank Basic

Ontrack subscribers have complementary access to exam preparation material with an entire library of practice exam questions. Split into the three knowledge areas covered by FASEA’s Financial Adviser Examination, you will be able to focus on a particular knowledge area and continue to practice and prepare for your upcoming FASEA Financial Adviser Examination.

If you’re a licensee interested in having your advisers sit this exam, 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.