Are you looking to enter the financial services industry to provide General or Personal Advice to retail clients?
Are you looking to become ASIC RG 146 compliant?
Kaplan Professional, a leading national provider of education in financial services recommends the Kaplan Tier 1 RG 146 Compliance Solution for those wanting to provide either general advice or personal advice in the derivatives specialist knowledge area.
This course introduces students to the concepts of derivatives as they apply to retail clients. The principles underpinning the foundations, regulation and risks associated with the derivatives industry are also covered. Students will learn how to analyse and evaluate derivatives, and will gain an understanding of the documentation and tax requirements when dealing with retail client portfolios.
Students can elect to complete either a general advice or personal advice study option.
Upon successful completion of the general advice option, students will meet the education requirements of ASIC Regulatory Guide 146 (RG 146) for providing general advice in derivatives to retail clients.
Upon successful completion of the personal advice, students will meet the education requirements of ASIC Regulatory Guide 146 (RG 146) for providing personal advice in derivatives to retail clients.
Units of competency are only awarded to students who complete the personal advice option of this subject. Please see the subject outline for the relevant units of competency.
You may enrol into this course at any time and begin studying immediately on enrolment.*
To enrol online, please follow these steps:
* If you have not previously completed Generic Knowledge, please ensure you enrol into this subject as it is a prerequisite of the Tier 1 knowledge areas.
The entry requirement for this course is completion of Generic Knowledge.
The entry requirement can be met by evidence of equivalent competency through mutual recognition (MR), recognition of prior learning (RPL) or recognition of current competency (RCC).
Please see information regarding our exemption service.
This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.
If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email email@example.com.
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To successfully complete this course, learners will require basic computing skills. This may include:
You may be exempted from studying a subject or the full qualification based on your previous training, study and or work experience.
To find out if you are eligible to receive an exemption refer to our exemptions policy.
To access Kaplan’s policies refer to our policies.
Continuing professional development (CPD) of your knowledge and skills is essential to remaining compliant under ASIC’s Regulatory Guide 146 (RG146).
Kaplan offers CPD training through Ontrack — our online CPD platform — which delivers monthly multimedia training, along with tracking and reporting capabilities.
Kaplan’s CPD training is recognised and accredited by the FPA, AFA and SPAA. To learn more about our RG 146 compliance offerings, visit the CPD page for more information, or contact our CPD support team on 1300 527 526.
The maximum time for completing Tier 1 Derivatives for either the general advice or personal advice option is 12 weeks from your enrolment date.
This course is delivered online via Kaplan’s learning management system KapLearn.
You will receive login details to KapLearn upon enrolment. When you log on to KapLearn you are able to access the subject notes, assessments, additional learning materials such as media, case studies, practice activities and your online tutor.
Assessments are accessed and submitted through KapLearn.
Corporate clients should contact our Corporate Solutions Representative on
1300 728 505 to discuss face-to-face delivery options and how we can tailor our training to your business needs.
Assessment for this course is as follows:
Note: To provide general or personal advice in a Tier 1 knowledge area, students must have completed the subject Generic Knowledge.
The Generic Knowledge subject only needs to be completed once.
If a student completes the requirements to provide general advice, but would like to provide personal advice, they must complete the assignment.
Students may attempt the exam and/or submit their assignment at any time before the conclusion of their 12 week study period if they think they are adequately prepared. Students will receive personal reminder emails as they approach their assessment deadlines.
Kaplan provides students with a case study (real life client scenario) for which students are required to research and develop strategies and/or prepare a compliant Statement of Advice for the client. You will be assessed on your ability to engage with your client — from initial contact, to the development and documentation of a financial strategy to meet their specific needs.
You must submit your assignment within 12 weeks of your enrolment date.
If your first submission is deemed ‘not yet competent’ you are required to resubmit it. You will only need to resubmit the question(s) that do not have the demonstrated knowledge requirement. If a resubmission is required, it must be within 16 weeks of your enrolment date. More detailed information about the assignments are in the subject outlines.
Kaplan’s exams are open book multiple-choice exams where emphasis is placed on the application of knowledge.
You must sit your first exam within 12 weeks of your enrolment date.
To achieve an overall grade of ‘competent’ in the exam, you must achieve the nominated pass mark for each module in the exam. If you are deemed ‘not yet competent’ for a module, you are provided with a re-sit and are only required to attempt that module in the re-sit. If a re-sit is required, it much be within 16 weeks of your enrolment date.
You can sit your exam while being supervised in your workplace or at a Kaplan office.
Click here for Kaplan office exam times and venues.
Tier 1 Compliance Solution – Derivatives
Personal Advice: $315 (GST exempt)
General Advice: $270 (GST exempt)
For additional study-related fees, please click here
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