Tier 1 Compliance Solution
This three-part course has been designed for you to meet Tier 1 adviser requirements set out by ASIC in RG 146. The content can be customised to suit the needs of your organisation, however, all three areas must be covered to achieve competence in the relevant area/s of advice.
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Who Should Enrol
Tier 1 Compliance Solution is ideal for:
- Aspiring financial product advisers yet to have met their Tier 1 competencies
- Non-advisory financial services staff or staff with limited advice seeking to increase their career potential.
What would I achieve upon completion?
Upon successful completion of Kaplan Professional's Tier 1 Compliance Solution, you’ll be able to:
- receive a Statement of Attainment against Tier 1 competencies as identified by ASIC
- understand and apply a broad range of financial services fundamental knowledge including specialist knowledge areas (e.g. managed investments, securities, life insurance)
- learn practical and appropriate adviser-client skills.
Course Structure and Learning Outcomes
The Tier 1 Compliance Solution is made up of the following components:
| Tier 1 Components | Learning Outcome & Overview | Subject Code |
| Generic Knowledge | Download | 910 |
| Specialist Knowledge* | Select area/s required | |
| Managed Investments (FNASIC503TB) | Download | 921 |
| Derivatives (FNASIC503VB) | Download | 922 |
| Securities (FNASIC503WB) | Download | 923 |
| Superannuation (FNASIC503UB) | Download | 924 |
| Life Insurance (FNASIC503XB) | Download | 925 |
| Financial Planning (FNASIC503ZB) | Download | 926 |
| Foreign Exchange (FNASIC503SB) | Download | 927 |
| Adviser Skills | Download | 940 |
*Advisers should choose Specialist Knowledge Components relevant to the products they wish to provide advice on.
Refer to the Enrolment Kit (PDF) for further details on each component and assessment timetables.
Pathways
Have you successfully completed Tier 1 subjects? If you have, you may be able to entitled to recognition for some or all of the subjects towards the Diploma of Financial Services (Financial Planning) FNS50804.
Click here to find out more.
Course delivery
There are two different ways the course can be studied. The delivery modes are:
- Self-study – Delivered via distance education, subject notes are mailed to students with supplementary material and amendments available via the Kaplan website .
- Workshop – If a more structured learning environment is preferred, each component is also available in a traditional classroom setting. This involves a period of essential pre-study followed by the workshops (pre-study materials will be mailed prior to workshops). Public workshops are run in each state subject to demand.
Assessment
Depending on the component, assessments is via exam or an assignment.
- Generic Knowledge – assessed via an exam
- Specialist Knowledge – each knowledge area assessed via an exam
- Adviser Skills – assessed via an assignment*
For exams, a pass mark of 70% is required for each component. Exams are multiple-choice and are delivered online via our website.
Download Exam & Assignment Dates
Download Request for Resit/Resubmission Form
Download Request for Reschedule of Assessment Form
*Note: If you are undertaking more than one Specialist Knowledge area you only need to do an assignment for one of those areas. The assignment meets the skills requirements for all Specialist Knowledge areas undertaken.
Study Information
Refer to the following links for further information, or visit Study Information:
Exam Information for Online Exam Information (Tier 1 solutions)
Forms for ASIC Compliance forms