ASIC RG206 (credit) compliance

The National Consumer Credit Protection Act 2009 (the National Credit Act) places responsibility on credit license holders to ensure that their representatives are adequately trained, as set out in the ASIC Regulatory Guide 206 (RG206). For more information, visit www.asic.gov.au.

Choosing the right solution for your needs

We offer three qualifications to assist you meet RG206 education compliance requirements:

Refer to the table below for more information.

WHO ARE YOU	OUR SOLUTION
I am a responsible manager or credit representative and need to hold a credit industry qualification	Certificate IV in Credit Management
I provide mortgage broking services and would like to meet the minimum ASIC RG206 education standards	Certificate IV in Finance and Mortgage Broking
I provide mortgage broking services, would like to meet minimum ASIC RG206 education standards and ACA or CA membership status with the MFAA	Diploma of Finance and Mortgage Broking Management

Continuing professional development (CPD)

ASIC has specified that representatives offering mortgage broking services must undertake 20 hours of CPD each year. CPD requirements for MFAA membership are set over and above ASIC requirements of 20 hours per year.

Licensees must determine the necessary CPD requirements for responsible managers and other credit representatives based on the scope and complexity of their roles.

You can maintain and enhance your technical knowledge and personal skills through Kaplan’s flagship online product, Ontrack.

Call us on 1300 662 203 to discuss meeting your RG206 requirements.
Back to Compliance home