Credit CPD for Representatives

RG206 Credit and Mortgage Broking CPD for Representatives

Our 20 CPD point plan complies with RG206. Updated annually, it comprises five topics – four core topics and one elective topic aligned with your area of operation.

Our 2024-25 program includes:

Topic 1 Credit regulation and licensing refresher
Topic 2 Credit fraud awareness
Topic 3 Opportunities and challenges of using AI in consumer credit
Topic 4 Recent ASIC cases in credit
Topic 5 Elective: Leasing or Personal Loans or Mortgage Broking

Leasing Elective: Providing and advising on consumer leases
Personal Loans Elective: Offering secured and unsecured personal loans
Mortgage Elective: Loan product features

You have until 30 June 2025 to complete your CPD.

Why study with FEP

  • We’ve done the hard work and designed your annual online training plan.
  • We have specialist streams aligned with the credit products you offer.
  • We listen to our clients, consult with industry and monitor market developments.

All bases are covered, from regulations to big picture issues and product innovation – crucial elements that shape how you work.

Give your team the workplace training to deliver brilliantly in their role.

Comply with ASIC RG206

Regulatory Guide 206 Credit licensing: Competence and training (RG 206) sets out our minimum expectations for demonstrating organisational competence.

The CPD should include both product and industry developments related to credit, and also compliance training, including in relation to new regulatory requirements of the credit regime. For example, compliance training would need to encompass the responsible lending obligations: see Ch 3 of the National Credit Act. RG 206.72

Program Content

Learning Outcomes

What you will learn

Who is this course for?

  • Credit Licensees
  • Mortgage Brokers
  • Credit Representatives
  • Loan Officers

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

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

You have until 30 June 2025 to complete your CPD.

Explore our RG206 CPD

Download Brochure

Frequently Asked Questions

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.

Our Credit and Mortgage Broking CPD (RG206) is an essential annual update for credit licencees. It covers everything you need to know in one convenient online course.  Each program earning 20 CPD points.

ASIC observes that between 10 and 30 hours of CPD per year is standard in other industry sectors. Consequently, if a licensee determines that less than 10 hours of CPD per year is an appropriate number of hours for their representatives to engage in, ASIC would expect the licensee to explain why this is sufficient. Our Credit CPD for Representatives earns 20 CPD hours/points.

Absolutely. Yes, the MFAA recognises structured learning as a valid CPD option for their members – 20.00 MFAA CPD hours have been allocated for this activity. Our RG206 CPD meets the Finance Brokers Association of Australia (FBAA), have specified for their members.

Once enrolled, you have until 30 June 2024 to complete the 2023-24 program. If you have questions about financial services regulation and what training is needed to satisfy requirements, information can be found in

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

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