As the regulator of the financial planning and advisory industry, the Australian Securities and Investment Commission (ASIC) has issued numerous policy statements, one of which is Policy Statement 146 (RG146): Training of authorised representatives. This establishes a training register listing the courses of study ASIC regards as equipping a student with the knowledge and skills necessary to provide competent and informed financial advice.
Holders of an Australian Financial Services License (all the major financial institutions) are responsible for the conduct of their authorised representatives, therefore they would require any future employees to complete an RG146 compliant course.
Below are the units we offer which are recognised by ASIC.
|ECU unit||ASIC's area of specialised knowledge|
|ECF2210 Capital Markets II
ECF2226 Investment Finance II
|ECF3510 Personal Finance
(Prerequisite: LAW2410 Income Tax Framework II)
|ECF3211 Superannuation & Retirement Planning||Superannuation|
|ECF3212 Personal risk Management Planning||Insurance - general, life and broking|
In addition, anybody who has completed the above is judged to have met ASIC's general knowledge requirements; and completion of ECF3510 Personal Finance III is deemed to also encompass ASIC's skills requirement.Once the unit/s have been completed, you are RG146 compliant in the indicated areas of specialised knowledge. The above units can be undertaken as part of the Finance major. If you chose to undertake the Accounting & Finance double major, you can include these and (with inclusion of Company Law II) emerge with the CPA / ICAA approved unit set and with RG146 compliance in the key specialised areas.