RG146 Generic Knowledge

Tier 1 RG 146 Generic Knowledge Compliance Training Course

Regulation is an essential part of a well-functioning financial services sector. It minimises uncertainties and risks, promotes fair and informed economic activity, and provides a measure of predictability and consistency for participants, issuers, investors and consumers.

Our online 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.

Program Content

The economic environment

  • characteristics and impact of economic and business cycles
  • interest rates, exchange rates
  • inflation
  • government monetary and fiscal policies

Operation of financial markets

  • roles played by intermediaries and issuers
  • structure and inter-relationships within the financial markets
  • inter-relationship between industry sectors

Financial products

  • concept of a financial product—general definition, specific inclusions, exclusions
  • types of financial investment products
  • types of financial risk products (e.g. derivatives, risk insurance products)

 

Program Content

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

Pre-requisite

Recognition of Prior Learning

Certification

On successful completion of RG 146 Generic Knowledge participants will be awarded a Certificate of Completion.

RG146 specialist knowledge areas

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:

Explore our RG146 Compliance

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Frequently Asked Questions

RG 146 continues to apply for certain groups, namely licensees and advisers who: It is also recommended for trading/dealing desk heads, middle office, responsible managers, and other oversight roles. We are a Registered Training Organisation and an ASIC Authorised Assessor, so you can be assured that our courses comply with ASIC’s requirements (RG 146.87). Our practical, back to basics guide steps you through becoming RG146 compliant. Learn more in our recent insight How Do I Become RG146 Compliant? If there is any training that you or your team needs, feel free to reach out and we will be happy to assist.
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 16 weeks to complete the learning and assessment requirements - however experienced professionals can complete in less time.
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.
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 16 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.
  • For each specialist knowledge area; there is one knowledge exam (multiple-choice questions) per topic. Each exam is based on the subject materials in the given topic.
  • Assessment is online, open-book and does not need to be supervised
  • If you are unsuccessful, you may repeat the assessment (3 attempts)
Our courses, CPD and qualifications are 100% online, so you can start anytime, anywhere.
  • Either enrol online or
  • Contact Us to arrange an invoice for EFT or AMEX payments.
You can enrol your team either:
  • Easily enrol online (you can add multiple participants to your cart) or
  • Contact us to arrange a quote.
We do not charge additional study related fees.
  • Exam resit $0
  • Course extension request (4 weeks) $0
  • Certificate replacement fee $0
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.