Overview of Australia’s superannuation system

What is the Australian superannuation system?

Many countries have retirement pension schemes that are supported by government incentives, monitored by government authorities, and provided with taxation benefits. Australia’s system is called superannuation.

The Australian superannuation system is a tax effective means of putting aside money during your working life for use in retirement.

A superannuation fund is a vehicle that holds investments. A superannuation fund is not an asset class in itself. It is a structure or framework that holds investment assets for its members.

About our Course

This course provides a practical refresher on the fundamentals of Australia’s superannuation system. We visit the purpose of superannuation and the vital role it plays in the financial wellbeing of Australia. We outline the main participants and their roles, and explore how the system is regulated.

Overview of Australia’s superannuation system is also is an informative topic in our Financial Services CPD library.

Program Content

  • What is the Australian superannuation system?
  • Mains participants and their roles
  • Other participants and their roles
  • Superannuation concepts

Learning Outcomes

  • What the Australian superannuation system is and its purpose
  • Key demographic changes that have made superannuation critical for individuals and Australians generally
  • Main participants in superannuation and their roles
  • How Australia's superannuation system is regulated
  • Explanations of key concepts in superannuation.

What you will learn

Who is this course for?

  • Compliance Managers
  • Representatives
  • Senior Managers

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.

ASIC-supervised licensees: Superannuation
FAS-supervised licensees: Technical competence

Explore our Financial Services CPD

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

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Frequently Asked Questions

Our CPD short courses are self-paced with online learning resources & on-going support.
  • You have up to 8 weeks to complete the learning and assessment requirements for your CPD short course.
  • Experienced professionals can complete in less time.

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

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.
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.