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guidance  \nVersion 16.1 | July 2024  \nAbout this document  \nThe practice questions in this document provide a guide to the types of questions you will have to answer in the financial adviser exam.  \nDocument history  \n\n| Version | Comments | Release date |\n| --- | --- | --- |\n| 3.0 to 12.0 | A joint publication of the former Financial Adviser Standards and Ethics Authority and the Australian Council for Educational Research (ACER) | Final version 12.0 released August 2021 |\n| 13.0 | Rebranded as an ASIC/ACER document and published on the ASIC website | December 2021 |\n| 14.0 | Updated as an ASIC/ACER document – removed ‘Standalone scenario questions \\#1’, amended ‘Client scenario – Julie Flags Loans’ stimulus and Q2, removed Q9–Q11 in ‘Standalone scenario questions \\#2, removed Q13, Q16 and Q19 in ‘Client scenario – Maryanne, Pete and Sue’, amended ‘Client scenario – Centrelink fraud’ stimulus, removed ‘Client scenario – Human capital’, removed Q32 and Q35 in ‘Client scenario – Ababila AFS licensee’, amended ‘Client scenario – Julie and Scott’stimulus and removed Q42–Q46, removed Q48 in ‘Client scenario – Nicole and P-Z-S-T’, removed ‘Client scenario – Kylie’, removed Q57 in ‘Client scenario – Joe and WillieWare Technologies’, removed ‘Client scenario – Clara’, amended stimulus in ‘Client scenario – Panic super cash’, amended‘Client scenario – Joshua’ stimulus and removed Q104 and Q105, removed ‘Client scenario – SMSF rollover’, and removed all commentary on the multiple choice and true/false answers | September 2023 |\n| 15.0 | Updated with legislated changes to exam format | January 2024 |\n| 16.0 | Updated following changes in legislation – amended PQ1, and removed PQ10, PQ17 and PQ18 | July 2024 |\n| 16.1 | Updated following changes in legislation – amended first paragraph of ‘Client scenario – Ababila AFS licensee ’ | July 2024 |\n\nContents  \nPreface 4  \nPractice questions 5  \nAppendix – Practice question answers 30  \nDisclaimer and copyright  \nASIC has endeavoured to ensure the quality of this publication. However, ASIC does not guarantee, and accepts no legal liability arising from its negligence connected to the accuracy, reliability, currency or completeness of the material contained in this publication. To the maximum extent lawful, ASIC excludes all responsibility and liability for any loss or damage caused by its negligence and resulting from your use or reliance on any information contained in this publication.  \n© Australian Securities and Investments Commission 2024 (July)  \nThis copyright work is licensed under the Creative Commons Attribution 3.0 Australia Licence (CCBY 3 .0) . You may share this publication by copying and redistributing it, and may adapt it by remixing, transforming or building upon the material for any purpose. However, you must give appropriate attribution and provide a link to the terms of this [licence at](licence at www.creativecommons.org/licenses/by/3.0/au/)[ ](licence at www.creativecommons.org/licenses/by/3.0/au/)[www.creativecommons.org/licenses/by/3.0/au/](licence at www.creativecommons.org/licenses/by/3.0/au/) .  \nThe licence does not include the Commonwealth Coat of Arms, ASIC’s logo or any third-party material contained in the publication. You must not in any way suggest ASIC endorses you or your work. Any request or further authorisation should be directed to ASIC.  \nPreface  \nThe practice questions in this document are intended to provide you with a guide to the types of questions you will have to answer in the financial adviser exam, but do not necessarily reflect the full range of questions or their difficulty.  \nThey are designed to provide guidance on what you can expect, in terms of question structure and answer formats.  \nThey will also provide some guidance to the content of each question in the exam; however, the exam will cover broader knowledge areas.  \nIt is important to understand that success in answering the practice question","cbCaisD2ZShFS53m","https://ap.wps.com/l/cbCaisD2ZShFS53m","pdf",444535,36,"English","# Preface\n# Practice questions\n# Appendix – Practice question answers\n# Disclaimer and copyright","[{\"question\":\"What is the purpose of this practice question guidance document?\",\"answer\":\"It guides candidates on the types of questions they will face in the Financial Adviser exam, including question structure and expected answer formats.\"},{\"question\":\"What types of exam questions are described?\",\"answer\":\"The document describes client scenario/case study questions and multiple-choice questions, including guidance on reading carefully and selecting the best answer.\"},{\"question\":\"Which knowledge areas do the questions test?\",\"answer\":\"Questions require applying general curriculum knowledge, covering financial advice regulatory and legal obligations, ethical and professional reasoning and communication, and financial advice construction.\"}]","Financial adviser exam - Practice question guidance - Version 16.1 - July 2024 | PDF",1790333357,91]