RG146 Generic Knowledge

Our Tier 1 RG 146 Generic Knowledge Course provides valuable foundation knowledge for financial services professionals, no matter what area of the industry they are working in.

Learn the economic environment, operation of financial markets and types of financial products.

To meet relevant training standards at the Tier 1 level, you must complete both Generic Knowledge and the specialist knowledge area you intend to provide general advice in.

Our specialist knowledge areas include:

Program Content

  • Financial services regulation and licensing
  • Operation of financial markets and the economy
  • Financial markets and products
  • Application of cross-industry laws in financial services

Learning Outcomes

What you will learn

  • Primary laws that underpin the financial services regulatory framework
  • Who the main regulators and industry associations are
  • Conduct requirements of licensees and their representatives
  • The impact of the economic environment on financial services
  • Characteristics of financial products and the entities that issue and distribute them
  • Relevant legal principles, including consumer law, Privacy, AML, anti-hawking, dispute resolution, and ethics

Who is this course for?

  • Representatives needing to complete Generic Knowledge before undertaking study of a specialist knowledge area
  • Professionals in a support role, such as Marketing, Human Resources, Finance, or Capability Management
  • Industry knowledge for new starters
  • Refresher training for individual roles or teams, or your whole organisation.

Units of Competency


Recognition of Prior Learning


Explore our RG146 Compliance

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Frequently Asked Questions

Our Tier 1 RG146 compliance programs
  • are entirely online - start anytime, anywhere
  • each have one (1) multiple choice assessment of forty (40) questions
  • exam has an 80% pass mark and you will have 3 attempts
  • study time all depends on your current knowledge and experience however we estimate 20 hours
  • are self-paced with online learning resources & on-going support
  • have up to 12 weeks to complete the learning and assessment requirements - however experienced professionals can complete in less time.
Under their Australian financial services licensing obligations, some firms are required to meet additional standards if any representatives give advice to retail clients (RG146). To assist AFS Licensees, we follow the syllabus prescribed by the Australian Securities and Investments Commission (ASIC) for each Tier 1 and Tier 2 specialist knowledge area. We are a Registered Training Organisation and an ASIC Authorised Assessor, so you can be assured that each RG146 course covers all the elements ASIC has specified advisers should learn. (RG 146.87).
Our RG146 Programs are self-paced with online learning resources & on-going support.
  • You have up to 12 weeks to complete the learning and assessment requirements for your Tier 1 RG146 Course.
  • You have up to 8 weeks to complete the learning and assessment requirements for your Tier 2 RG146 Course.
  • Experienced professionals can complete in less time.
  • An additional 4 weeks per course is available upon request. (We do not charge a fee for extension requests.)
  • The assessment is online, open-book and does not need to be supervised.
  • If you are unsuccessful, you can request up to 3 attempts.
  • A practice assessment is available to you.
Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.
You can enrol your team, either
  • Online. Find the right course and make an online purchase or
  • Contact Us. The FEP Team can easily arrange your team's training.
What is FEPs Mortgage and Credit CPD program?2021-12-17T10:41:43+11:00

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.

Our programs are packed full of essential regulatory updates and practical tips for achieving the best outcomes for your clients, efficiently and compliantly.

What others say about us

Parallels real workplace experience.

We have been using FEP for a number of years now. The course materials are highly professional and parallels real workplace experience. Staff greatly value participating in meaningful external training and are the greatest advocates.

Efficient, informative and accessible.

The content is well set out, clear and precise. My organisation does the course every year and we are continuing to learn new and interesting things with each new offering. The content is up to date with the industry and completely relevant to my role. I had all the support and learning resources available to get it done…

Extremely relevant and meaningful.

Our firm exclusively uses the services of Financial Education Professionals for all of our ongoing RG146, compliance and responsible manager training for our team. We find course materials extremely relevant and meaningful and this allows our team to have up to date, practical knowledge.

Peter McGuire, CEO, XM