RG 146 Tier 2 Combined Accreditation Program

RG146 Tier 2 Combined Accreditation Program (General Advice)

RG146 Tier 2 Combined Accreditation (General Advice) explores regulation and licensing of financial services, including laws and frameworks for ethical practices in the workplace. You will learn the various banking, non-cash payments, and insurance products available in Australia and how to communicate effectively with customers when providing general advice in financial products and services.

Entry Requirements

Prospective students need to:

  • Be 18 years of age or older
  • Be working in the finance sector: For some assessment tasks, students may need to refer to their organisation’s policies, procedures, and product information
  • Be digitally literate to: research activities, upload, download and save documents and make an audio or video recording on a smartphone, tablet or computer
  • Have suitable language, literacy and numeracy skills to undertake the training
  • Have a Unique Student Identifier

Credit Transfer and Recognition of Prior Learning

These are the processes whereby Financial Education Professionals can recognise previous training, study or work experience that is equivalent to units of competency in our Nationally Recognised Training.

Please refer to our Credit Transfer or Recognition of Prior learning page for further information.

Program Content

Learning Outcomes

  • Discuss the legal and regulatory requirements as they apply to financial services
  • Differentiate between deposit products and non-cash payments and explain how they are used by customers
  • Explain the structure of insurance markets, participants, and underwriting
  • Identify the characteristics of commonly issued general insurance products
  • Assess client needs and advise on appropriate financial and general insurance products.

What you will learn

Who is this course for?

  • Financial services professionals required to hold accreditation to provide general advice in basic deposit and non-cash payment products and/or Tier 2 General Insurance.
  • Frontline branch and call centre staff
  • Financial advisers providing general advice in Tier 2 products.

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

On successful completion of the Tier 2 Combined Accreditation Program, you will be awarded a Statement of Attainment confirming that you are RG 146 compliant to provide general advice in the following specialist knowledge areas:

  • Deposit Products and Non-Cash Payment Products
  • Tier 2 General Insurance.

You will also receive a nationally recognised Statement of Attainment awarding the following units of competency:

  • FNSASIC311 Establish client relationship and analyse needs
  • FNSASIC314 Provide Tier 2 general advice in general insurance

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Frequently Asked Questions

Your USI is your individual education number for life. It is a compulsory requirement for all Australian students who have studied or are studying nationally recognised training. It also creates a government authenticated record of your vocational education and training (VET) achievements regardless of the training provider from 2015 onwards. It is a condition of enrolment with Financial Education Professionals that you have a USI. This is collected as part of the enrolment process. Visit www.usi.gov.au to learn more or create your USI.

To successfully study at Financial Education Professionals, students are expected to have proficient technology-related skills, plus;
  • A high-speed stable internet connection to access learning materials and assessments
  • A unique email address.
  • A smartphone - select assignment questions ask you to upload audio or video recordings as supplementary evidence.

Sound English language, literacy, numeracy and communication skills are required as these skills are incorporated in each subject. A pre-entry assessment is used to determine whether applicants have appropriate Language Literacy and Numeracy skills (LLN) to enable a successful outcome in their chosen course.
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.