Conflicts of Interest

Conflicts of Interest explores industry examples and the legal, regulatory and organisational guidance your firm can turn to for support when facing conflict of interest-related challenges.

Financial workplaces licensed by ASIC have a general obligation under the Corporations Act to maintain adequate arrangements for managing Conflicts of Interest. This statutory obligation is in relation to activities undertaken by the licensee as well as by its representatives, and so is wide ranging.

Conflicts of interest can arise in numerous circumstances, including dealings with internal and external stakeholders, offering services to wholesale and retail clients, and providing general or personal advice.

 

Program Content

Learning Outcomes

What you will learn

  • What a conflict of interest is and why it is important to manage
  • How to identify conflicts of interest
  • What ASIC recommends licensees should do to manage conflicts of interest (RG 181)
  • How conflicts of interest can be avoided, controlled or disclosed
  • Complementary provisions, such as conflicted and other banned remuneration (RG 246)
  • Key aspects of a best practice Conflicts of Interest Policy.

Who is this course for?

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

CPD Area: Generic Knowledge and Regulation

Explore Financial Services CPD

Our short course topics are also included in our annual subscription Financial Services CPD library.

Download Brochure

Frequently Asked Questions

Our CPD short courses are assessed by a short open book multiple-choice exam.

You can enrol your team either:
  • Enrol online or
  • Contact us to arrange an invoice.
Talk with us to develop your team training program.

Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.
  • Either enrol online or
  • Contact Us to arrange an invoice for EFT or AMEX payments.
What is RG206?2023-04-21T07:53:53+10:00

Regulatory Guide 206 Credit licensing: Competence and training (RG 206)

Credit licensees must comply with the organisational competence obligation in s47(1)(f) of the National Consumer Credit protection Act 2009 (National Credit Act). Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out the minimum expectations for demonstrating organisational competence.

What you need to do to comply will depend on the nature, scale and complexity of your business. However, Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

You must also ensure that your representatives are adequately trained and competent to engage in the credit activities authorised by your licence: s47(1)(g).

ASIC generally expects you to determine what is appropriate initial and ongoing training for your representatives and to embed this in your recruitment and training systems.

Updated annually, our CPD is designed to enable Responsible Managers and Representatives of Australian Credit Licensees to meet their mandatory RG206 continuing training requirement. Our CPD that is structured, properly assessed and recorded.

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