Are you looking to become compliant in a specialist knowledge area? The Generic Knowledge subject only needs to be completed once. Please refer to the subject outline for more information: Tier 1 Generic Knowledge. An additional four weeks 4 per subject is available if required to resit an exam. Computing requirements. Recommended browsers You can access KapLearn using any of the browsers below, but it runs best on the latest versions: Firefox 3 or later Chrome 4 or later Safari 3 or later Internet Explorer You may find it helpful to have more than one browser installed on your computer.
Skill requirements. This may include: saving and editing Microsoft Office documents researching, accessing and searching the internet downloading and saving documents from websites uploading documents through websites participating in online discussions Individuals are required to be aged 18 years or older to enrol in this subject.
Enrolment You may enrol into this course at any time and begin studying immediately on enrolment. Assessments are accessed and submitted through KapLearn.
Assessment for this course is as follows: Exam Individuals may attempt the exam at any time before the conclusion of their 12 week study period if they think they are adequately prepared.
Kaplan Professional exam venues You can sit your exam while being supervised in your workplace or online via Zoom by your nominated supervisor. Student policies Individuals who enrol in a Kaplan Professional course are bound by our published policies , including the policy that sets out our rules for assessment. Terms and Conditions Click here to access our terms and conditions. The Commission recommended that a Special Manager should be appointed for a two-year period to report on what has occurred and how the results of inquiries conducted in NSW, Victoria and WA have been responded to by Crown.
Findings included that Crown Melbourne may have breached several anti-money laundering obligations. All regulated entities should ensure that they are familiar with and adequately training all staff on relevant AML-related matters. APRA has published its analysis of the performance of choice superannuation products ahead of releasing its first Choice Product Heatmap in late APRA Executive Board Member Margaret Cole said the findings demonstrate the importance of exposing and addressing underperformance among choice products.
Chair Wayne Byres discussed APRAs role as a forward-looking prudential supervisor, needing to not only address the challenges of today but also ensure be prepared for those of tomorrow. ASIC Chair Joe Longo said the regulator was taking a reasonable, common-sense approach to implementing law reforms that commenced in October However, he reminded licensees that it continues to pursue appropriate enforcement, regulatory and remediation action to penalise misconduct, deter further breaches and protect Australian investors and consumers.
APRA has published the findings of three thematic reviews undertaken over the past 12 months covering: strategic and business planning; fund expenditure; and unlisted asset valuation practices. Collectively, the three reviews outline risks and vulnerabilities that trustees must have front of mind to drive better practices and improve outcomes for members. ASIC Deputy Chair, Sarah Court, called on all general insurers to review their pricing systems and controls to prevent consumer harm as a matter of priority.
In particular, general insurers should:. The restrictions mean consumer needs will be central to how firms offer products. ASIC outlines key issues, new and proposed changes to licensing processes, and other work that affects licensees. They also provide information and data on licensing and registration applications from the —21 financial year. ASIC also approved variation applications by existing licensees the same as last year. Set to commence on 1 October , the breach reporting reforms address long-standing concerns about breach reporting by making the reporting consistent, clearer and timely across the industry.
For credit licensees, this is the first time they will be obliged to report certain breaches of the law to ASIC. Their obligation to report is almost identical to that of AFS licensees.
The obligations most commonly breached include commitments to train staff on how to comply with the Code and be fair, reasonable and ethical in dealings with customers, privacy and confidentiality, responsible lending, debt recovery, and assisting with financial difficulty.
The new laws include design and distribution obligations, restrictions on the unsolicited selling of financial products hawking , a deferred sales model for add-on insurance products, reference checking and information sharing requirements for financial advisers and brokers, and new requirements around how breaches are reported to ASIC and disputes are managed internally in firms. The Government has released for consultation a draft Bill, which sets out financial reporting and auditing obligations in relation to registrable superannuation entities RSEs.
These changes will ensure that the auditor, and in certain circumstances, audit firms and audit companies, are subject to stringent eligibility, reporting and independence requirements. Under the finalised approach:. Treasure has announced a suite of reforms to the automotive franchising sector, and a commitment to consult on further potential automotive franchising reforms to:.
Follow Us. Insurance Training We all have items or situations that we consider valuable. Our insurance solutions include: initial accreditation continuing education qualifications and tailored solutions for your team. Our expertise in finance means that your new staff are able to be offered quality accredited training which can improve productivity as well as meet Tier 2 and compliance obligations. In relation to general advice, the program content of Tier 2 courses should be assessed at a level that enables providers of general advice to demonstrate an understanding of the specialist knowledge requirements in RG Appendix A that are relevant to their tasks and to the specific industry and product.
So people advising in these products at a general advice level must cover the training for the specific products eg. RG is the ASIC standard for the minimum training required by individuals selling financial products. The Australian College is accredited to deliver these minimum training requirements. An individual seeking a financial services role that involves selling financial products to customers must have RG training. Australian Financial Services Licensees banks, mutual banks, building societies, credit unions and other AFS licensees are required to arrange for their staff to be trained in accordance with RG compliance obligations.
Before any person can sell financial products in Australia to the general public, they must meet the RG requirements. All AFS Licensees require RG training - so anyone who sells or offers advice as defined in the legislation on financial services products.
The College has a number of options that can be easily tailored to fulfil your Tier 2 accreditation obligations, and in some cases will be paid for under government funded programs. A Tier 2 accreditation is also an excellent way to prepare for a career in financial services. This training can be offered as a short course, or as part of a financial services qualification.
They must also ensure that their representatives are adequately trained and competent to provide those financial services: see sA 1 f. Financial products excluding credit products are divided into 2 categories for the purpose of specifying adviser training requirements:. Note credit products such as loans are not part of the adviser regulations. They are covered under national credit laws. All advisers are required to have specialist knowledge about the specific products they advise on and the markets in which they operate.
RG specifies the minimum knowledge requirements. In addition RG specifies the skills required for advisers providing personal advice on either Tier 1 or Tier 2 products. For personal advice, the content of Tier 2 courses, or an individual adviser, should be assessed at a level that enables advisers to:. In addition, Appendix B Table B outlines the skills noting they will vary according to the activities undertaken :.
This may include collection of the following types of information from the client:. This may include:.
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