2009
Intensive Program
RG 146
Financial
Compliance
INVEST IN
KNOWLEDGE
2009 INTENSIVE PROGRAM—RG 146 FINANCIAL COMPLIANCE
RG 146
Financial
Compliance
(previously known as PS 146)
Who should enrol?
These modules are competency requirements
for people who wish to enter the financial
services industry including banking, insurance
and advising; also for people wishing to
further develop their career opportunities.
These modules are relevant to:
• Insurance and Mortgage Brokers
• General Insurance Products
• Accounts and Banking Staff
• Basic Deposit Products and Non-Cash
Payment Facilities
• Fund Managers
• Property or Real Estate Agents
To determine the level with which you must
be competent or compliant, you should
consult with your employer or visit the ASIC
website: www.asic.gov.au
RMIT University is registered by ASIC to
provide RG 146 training at Tiers 1 & 2 to
meet ASIC’s generic and specialist
knowledge and skills requirements.
Content
Program features
The benefits of RMIT’s RG 146 study include:
• Access to online study and learning centre
• Clear and concise, self-contained study
materials
• Telephone, email and face-to-face support
from RMIT teachers who are experienced
finance industry professionals
• The Financial Services Industry
(Generic Knowledge)
• You must also undertake at least one of the
following modules in area of specialisation:
The Australian Securities and Investment
Commission (ASIC), Regulatory Guide 146,
sets out minimum training and education
standards for people providing financial
product advice to clients.
You can now study RG 146 compliance
modules online enabling you to complete it at
a time and place that suits you.
Core Units
• Planners and Advisors
• Trustees of Self-managed Super Funds
Online RG 146 study
To achieve ASIC Tier 2 compliance you must
complete and pass the relevant modules
based upon the following units:
Tier 1 Compliance Program
This is the most popular and comprehensive
level of compliance. To achieve ASIC Tier 1
compliance, you must complete and pass the
following modules:
Core Units
• The Financial Services Industry
(Generic Knowledge)
Assessment
To pass these modules and be deemed
compliant, you must study the material and
pass the minimum assessment requirement.
The final assessment consists of multiple
choice and short answer questions based
upon the module learning material.
Fees
Each module costs $400, except Securities
and Derivatives which is $450 and Self
Managed Super Funds which is $650.
This includes self contained self-study
materials, academic support, assessment
and certificate. ($100 resit fee applies)
• Manage Client Services (Skills)
Study/delivery mode
You must also complete at least one of the
following elective modules depending on the
area of specialisation you are advising in:
These modules are provided as flexible online
self-study materials (distance education).
• Managed Investments
• Financial Planning
Face-to-face teaching and onsite training for
employees and groups can also be provided.
Please contact RMIT for details and costs.
• Access to student services for personal
development
• Life Insurance
Duration
• Superannuation
• Self-paced (personal) study, writing skills,
literacy and math’s essentials
• Specialist units
As RG 146 study is provided online you can
commence at any time.
• RMIT’s extensive library and online learning
lab
• Access to relevant links to government and
regulatory websites
• Cost competitive, flexible and effective
training
for you and/or your employees
• Assessments which can be conducted by:
• an authorised representative
compliance manager
• an accredited employer in your
workplace
• RMIT University
Program outcomes
You will receive an RMIT University Certificate
of Completion which confirms that you are
ASIC compliant for Tiers 1 or 2 (based on
program undertaken by participant).
Successful completion of the RG 146
program can also be credited towards RMIT’s
Certificate IV and Diploma level studies in
Financial Services.
• Securities and Derivatives
(2 separate assessments)
• Self-Managed Super Funds (single unit)
New:
Self managed super funds module
The new Self-Managed Super Funds module
enables advisers and individual trustees to
learn how to effectively manage, provide
advice on self-managed super portfolios
and remain compliant with legislation
requirements.
Tier 2 Compliance Program
This is the basic compliance level. This
program has been designed for people who
are dealing with customers on their financial
affairs, providing options, referral and
information but not giving specific product
and personal advice.
You have 6 months for the completion of
assessments within a module. However
participants may opt to re-enrol or apply for
an extension. (fees apply)
Modules include materials and assessments,
which are based upon National Training
Package (FNS04) and ASIC requirements.
Further information
Business TAFE School
Enterprise and Workplace Training
Department
Level 13, 239 Bourke Street
Melbourne 3000
Tel. +61 3 9925 5408
Fax: +61 3 9925 1526
Email: RG146@rmit.edu.au
www.rmit.edu.au/bus/tafe