Meeting ASICs Requirements (RG206)
Our ACL CPD for Representatives (Mortgage) is designed to enable representatives of Australian Credit Licencees to meet their mandatory continuing training requirements.
Each topic showcases information and tips you can use to get your organisation creating positive customer experiences that are inherently compliant and inspire you to do what you already do well even better.
The 2020-21 program covers:
Topic 1 Credit licensing and regulation essentials
Topic 2 Responsible lending update
Topic 3 The score with credit scoring and benchmarks
Topic 4 Introducing the mortgage broker best interests duty
Topic 5 Recent ASIC cases: Regulator on patrol
Enrol now and you have until June 2021 to complete all 5 topics.
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Three letters currently loom large of the credit industry: BID. Best. Interests. Duty. And while ASIC may have granted a temporary reprieve due to the Covid-19 pandemic, from 1 January 2021, all brokers will be expected to comply with this new customer-protection measure.
We break down the basics of the best interests duty and how you can demonstrate your compliance.