RG 146 Financial Compliance

(previously known as PS 146)

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.

RMIT University is registered by ASIC to provide RG 146 training at Tier 1 to meet ASIC’s generic and specialist knowledge and skills requirements.

You can now study RG 146 compliance modules online enabling you to complete it at a time and place that suits you.

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
• Access to student services for personal development
• Self-paced (personal) study, writing skills, literacy and math’s essentials
• RMIT’s extensive library and online learning lab
• Access to relevant links to government and regulatory websites
• Assessments which can be conducted by:
• an authorised representative compliance manager
• an accredited employer in your workplace
• RMIT University
• Cost competitive, flexible and effective training for you and/or your employees

Program Outcomes

You will receive an RMIT University Statement of Attainment listing the units of competency for each module and a non-award Certificate of Attainment which confirms that you are ASIC compliant for Tier 1 (based on program undertaken by participant).

Successful completion of the RG 146 program can also be credited towards RMIT’s Certificate and Diploma level studies in Financial Services.

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:

• Planners and Advisors
• Insurance and Mortgage Brokers
• Accounts and Banking Staff
• 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

Enrolment

To enrol, please visit the RG 146 Financial Compliance page or refer to the RMIT Short Courses and Single Courses

Content

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)
• Manage Client Services (Skills)

You must also complete at least one of the following elective modules depending on the area of specialisation you are advising in:

• Managed Investments
• Financial Planning
• Life Insurance
• Superannuation

Specialist units

• Securities and Derivatives (2 separate assessments)

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 $450, except Securities and Derivatives which taken together costs $450.

This includes self contained self-study materials, academic support, assessment and certificate. ($100 re-sit fee applies)

Study/Delivery Mode

These modules are provided as flexible online self-study materials (distance education).

Face-to-face teaching and onsite training for employees and groups can also be provided. Please contact RMIT for details and costs.

Duration

As RG 146 study is provided online you can commence at any time.

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)

For more information telephone (03) 9925 5464 or email RG146@rmit.edu.au.