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Subject overview


100% online




4 Mar 2024


12 weeks



This subject focuses on the ethical and professional obligations of financial advisers through the broad lens of ethical and professional theoretical frameworks. The professional obligations and conduct imposed by the values and standards of the Financial Planners and Advisers Code of Ethics 2019 (Code of Ethics, previously known as the FASEA Code of Ethics) are explained and examined in detail. Students have the opportunity to recognise and respond appropriately to dilemmas encountered as a financial adviser.

Students follow a fictitious case study through much of the assessment, so that they may apply their understanding of the ethical and professional obligations of financial advisers.

Students are able to attend four one-hour online workshops, where key topic concepts and examples are discussed with a facilitator. Additionally, students are able to attend five online drop-in sessions, where students can ask questions to gain further clarification on key concepts and the assessments.

Students are encouraged to attend the online workshops and drop-in sessions throughout the study period.

For more information, please refer to the subject outline.

Subject information

Learning outcomes

On successful completion of this subject, individuals should be able to:

  • Explain the role of ethical frameworks and professional standards within the financial planning profession
  • Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients
  • Demonstrate an understanding of professional obligations and conduct required by the values and standards of the Financial Planners and Advisers Code of Ethics 2019
  • Identify and solve ethical dilemmas encountered as a financial adviser through application of ethical frameworks and professional standards

Topics covered

  1. Introduction to ethics, including individual cognitive bias and sources of judgement and decision bias
  2. The concept of professionalism
  3. The financial planning profession and the Code of Ethics
  4. Values underpinning the Code of Ethics
  5. The application of the Code of Ethics – Ethical behaviour (Standards 1 – 3)
  6. The application of the Code of Ethics – Client care (Standards 4 – 6)
  7. The application of the Code of Ethics – Quality process (Standards 7 – 9)
  8. The application of the Code of Ethics – Professional commitment (Standards 10 – 12)
  9. Contemporary issues in ethics and professionalism

Continuing Professional Development (CPD)

Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or

Subject enhancements

We are pleased to announce that the following enhancements have been made to this subject:

  • Transitioned the exam to an open-book format
  • Included current and contemporary issues impacting financial advice models
  • Made clarifications to all assessment instructions to improve student experience


The duration of this subject is one study period (12 weeks).

How to enrol

FASEA Bridging Courses can be located under the following category within the enrolment portal:

  • Financial Services – Postgraduate

Choose the following under ‘Select Course’:

  • FASEA Bridging Courses

You will then be required to select your chosen study period. Once you have completed this, select the ‘Ethics and Professionalism in Financial Advice’ subject.

Click here to enrol.

Need help?

Talk to a Student Adviser on 1300 135 798.

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list


Assessment typeDescription Week Topics Weighting
Analysis TaskResearch and reflection taskWeek 41-320%
AssignmentAssignment (case study/scenario-based long and short-answer questions)Week 81-740%
ExaminationSupervised, open book format, multiple-choice questions and case study/scenario based short answer questionsWeek 121-940%

Previous study requirements

Recognition of Prior Learning (RPL)

RPL for the Ethics for Professional Advisers subject may only be awarded if an approved equivalent subject as listed on the FAS Approved Courses by Institute of Higher Education list.


There are no prerequisites for this subject.

However, individuals should review the ‘Assumed knowledge’ tab to understand the prior knowledge Kaplan Professional advises they should hold before enrolling in this subject.

Assumed knowledge

Not applicable.

Course transition subject equivalence

There are no equivalences for this subject.

Key dates

For a full list of annual study period dates, click here >

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment information

Study Period 2

5 Feb 2024 - 24 May 2024

✓ Enrolments open now

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment information

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment information

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment information

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment information

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment information

Fees and FEE-HELP

Enrolment feesFee
Subject fee 2024$2,600

Note: If this subject is undertaken as a standalone subject, no FEE-HELP is available.

FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible.

Click here for a full list of fees and allowances.

Programs you might be interested in


Master of Financial Planning

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Master of Applied Finance

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Graduate Diploma of Financial Planning

An eight-subject postgraduate qualification set at AQF Level 8 and FAS approved. Includes the first eight subjects of the FAS-approved Master of Financial Planning.

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