Credit CPD for Responsible Managers

RG206 Credit and Mortgage Broking CPD for Responsible Managers

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

Our 2023-24 program includes:

Topic 1 Roles and responsibilities of a responsible manager
Topic 2 History of financial crime
Topic 3 Customer protections in credit sector codes
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: Managing clients rolling off fixed rate mortgages

You have until 30 June 2024 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. That’s why our learning is what you want, right when you need it.

Meet ASICs RG 206 Requirements

Updated annually, our CPD is designed to enable Responsible Managers of Australian Credit Licensees to meet their mandatory RG206 continuing training requirements.

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
  • Responsible Managers

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 2024 to complete your CPD.

 

 

Explore our RG206 CPD

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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.

RG 209 Credit licensing: Responsible lending conduct is a guide for credit licensees and credit applicants. It sets out ASIC’s views on what the responsible lending obligations in Ch 3 of the National Consumer Credit Protection Act 2009 (National Credit Act) require, and steps you can take to minimise the risk of non-compliance with these obligations. Our RG206 Credit and Mortgage Broking CPD for Responsible Managers is designed to meet ASIC’s RG206 regulatory compliance requirements and empower mortgage and credit professionals to do better business.

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.

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.

We offer an online 20 CPD hours program each year specifically designed to assist Responsible Managers in meeting this obligation.

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