Tier 1 Generic Knowledge

RG146 Tier 1 Generic Knowledge Compliance Training Course

Regulation is an essential part of a well-functioning financial services sector. It minimises uncertainties and risks, promotes fair and informed economic activity, and provides a measure of predictability and consistency for participants, issuers, investors and consumers.

Our Tier 1 Compliance Courses are also an effective learning solution for financial services workplaces looking to ensure a desired level of base knowledge across selected teams or the wider organisation.

About our course

Our online Tier 1 Generic Knowledge course provides valuable foundation knowledge for financial services professionals, no matter what area of the industry they are working in.

Learn the economic environment, operation of financial markets and types of financial products.

Tier 1 Generic Knowledge has been updated to include coverage of digital assets (previously termed crypto assets) where they meet the definition of regulated financial products under existing law, as outlined by ASIC in INFO 225. Licensees or representatives providing digital asset-related products and services may wish to study the course in order to meet initial or ongoing organisational competence and continuing training requirements under RG104 and RG146.

Generic Knowledge – Course Essentials

Delivery: 100% online, self-paced — start anytime
Duration: Up to 16 weeks (experienced professionals may finish sooner)
Study time: 10–20 hours per Tier 1 knowledge area
Assessment: Online, open-book, unsupervised. Short MCQs after each topic + 3 exam attempts included
CPD: 20 CPD hours (on successful completion)

Entry Requirements

  • Computing Specifications: Refer to our Minimum technical requirements.
  • Have suitable language, literacy and numeracy skills to undertake the training.
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Program Content

  • Topic 1: Financial services regulation and licensing
  • Topic 2: Operation of financial markets and the economy
  • Topic 3: Financial markets and products
  • Topic 4: Application of cross-industry laws in financial services

Learning Outcomes

  • Understand primary laws that underpin the financial services regulatory framework
  • Learn who the main regulators and industry associations are
  • Describe what conduct requirements of licensees and their representatives
  • Explore the impact of the economic environment on financial services
  • Define the characteristics of financial products and the entities that issue and distribute them
  • Learn relevant legal principles, including consumer law, Privacy, AML, anti-hawking, dispute resolution, and ethics

What you will learn

Who is this course for?

  • Representatives needing to complete Generic Knowledge before undertaking study of a specialist knowledge area
  • Professionals in a support role, such as Marketing, Human Resources, Finance, or Capability Management
  • Industry knowledge for new starters
  • Refresher training for individual roles or teams, or your whole organisation.

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

On successful completion of RG 146 Tier 1 Generic Knowledge participants will be awarded a Certificate of Completion.

RG146 Tier 1 specialist knowledge areas

To meet relevant training standards at the Tier 1 level, you must complete both Generic Knowledge and the specialist knowledge area you intend to provide general advice in. Our specialist knowledge areas include:

To provide general advice you must be authorised under an AFSL.

Explore our RG146 Compliance

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Frequently Asked Questions

RG 146 continues to apply for certain groups, namely licensees and advisers who: It is also recommended for trading/dealing desk heads, middle office, responsible managers, and other oversight roles. Our practical, back to basics guide steps you through becoming RG146 compliant. Learn more in our recent insight How Do I Become RG146 Compliant? If there is any training that you or your team needs, feel free to reach out and we will be happy to assist.

That would depend on your role and what financial products you provide advice in. You must be accredited to provide advice in all knowledge areas you intend to advise on. Consult your licensee if you are unsure or would like to discuss with them your desire to advise on additional knowledge areas. Authorisation is the responsibility of your Australian Financial Services Licensee.

We offer an online, modular approach, allowing you to study and complete one RG146 Tier 1 specialist knowledge area at a time. Our Tier 1 RG146 compliance programs:
  • Delivery: are online – self paced
  • Study time: depends on your current knowledge and experience however we estimate 10-20 hours of study.
  • Duration: up to 16 weeks - however experienced professionals can complete in less time.
To assist AFS Licensees, we follow the syllabus prescribed by the Australian Securities and Investments Commission (ASIC) for each Tier 1 and Tier 2 specialist knowledge area. To meet relevant training standards at the Tier 1 level, you must complete both Generic Knowledge and the specialist knowledge area you intend to provide general advice in. To provide general advice you must be authorised under an AFSL.

  • For each RG146 Tier 1 specialist knowledge area; there is one knowledge exam (multiple-choice questions) per topic. Each exam is based on the subject materials in the given topic.
  • Assessment is online, open-book and does not need to be supervised
  • If you are unsuccessful, you may repeat the assessment (3) attempts

To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  

To get started, either:
  • Purchase course/s online. (You can add multiple courses to the cart.) Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.
OR
Contact us for your Corporate Solution.

We do not charge additional study related fees.
  • Exam resit $0
  • Course extension request (4 weeks) $0
  • Certificate replacement fee $0
What will I learn in this workshop?2026-07-15T18:59:10+10:00

The workshop combines regulatory updates with practical compliance guidance, helping Responsible Managers better understand their obligations and strengthen their governance framework.

Topics include:

Credit regulation and licensing

Understand the current regulatory framework governing Australian Credit Licensees and ASIC’s expectations of Responsible Managers.

The role and responsibilities of a Responsible Manager

Explore what ASIC expects Responsible Managers to do in practice and how to effectively discharge your responsibilities.

Regulatory priorities

Understand the emerging issues and compliance risks currently attracting regulatory attention.

Recent ASIC regulatory outcomes

Review recent enforcement actions and regulatory outcomes with a focus on the role Responsible Managers played – and the lessons every licensee should learn.

Accountability and governance

Strengthen your oversight, governance and compliance framework through practical examples and proven approaches.

Managing your ongoing obligations

Learn practical tips for staying across your obligations, maintaining effective records and meeting your reporting responsibilities.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.