Course overview

Existing Advisers, are you looking to become ASIC RG146 compliant in Margin Lending?

Kaplan Professional, a leading national provider of education in financial services recommends offers the Kaplan Professional Tier 1 RG146 Compliance Solution for existing advisers to provide either general advice or personal advice in the margin lending specialist knowledge area.

This course introduces existing advisers to the concepts of margin lending as they apply to retail clients. Existing advisers will learn how to analyse, evaluate and choose margin loans and gearing strategies, and will gain an understanding of managing risk when dealing with retail client portfolios.

Existing advisers can elect to complete either a general advice or personal advice study option for this course.

Upon successful completion of the general advice option, existing advisers will meet the education requirements of ASIC Regulatory Guide 146 (RG146) for providing general advice in margin lending to retail clients.

Upon successful completion of the personal advice, existing advisers will meet the education requirements of ASIC Regulatory Guide 146 (RG 146) for providing personal advice in margin lending to retail clients.

Units of competency are only awarded to existing advisers who complete the personal advice option of this subject. Please see the Tier 1 Margin Lending – Personal Advice subject outline to view the relevant unit of competency.

Please refer to the subject outlines for more information:

• Tier 1 Margin Lending – General Advice
• Tier 1 Margin Lending– Personal Advice

Fees

Tier 1 Compliance Solution – Margin Lending

Personal Advice: $315 (GST exempt)

General Advice: $270 (GST exempt)

For additional study-related fees, please click here

Duration

General Advice

Existing advisers have a total of:

• 12 weeks to complete the learning and assessment requirements for the Tier 1 Margin Lending – General Advice subject, from their initial activation date.
• An additional four (4) weeks resubmission time – If an existing adviser reaches the end of their initial enrolment period and has been deemed not yet competent in the exam, then an additional 4 weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.

Therefore, if an existing adviser completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 16 weeks.

Personal Advice

Existing advisers have a total of:

• 12 weeks to complete the learning and assessment requirements for the Tier 1 Margin Lending – Personal Advice subject, from their initial activation date.
• An additional four (4) weeks resubmission time – If an existing adviser reaches the end of their initial enrolment period and has been deemed not yet competent in one or more tasks, then an additional 4 weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.

Therefore, if an existing adviser completes the learning and assessment, and the resubmission time in every subject is granted, the duration will be 16 weeks.

The amount of training for this course may be up to 10 hours per week. The amount of training is the hours an individual can expect to spend to complete their course work and assessments.

In addition to the amount of training, individuals who are new to industry or vocational training could need up to 5 hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training.

Existing advisers working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Entry requirements

Education requirements

From 1 January 2019, FASEA’s new professional standards requirements for financial advisers will progressively replace training standards in Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146). RG 146 sets out the minimum training standards for financial advisers.

RG 146 will continue to apply to financial advisers who are authorised by their Australian financial services (AFS) licensee as an ‘existing provider’ until the new requirements apply to them.

RG 146 will also continue to apply to advisers who are not ‘relevant providers’ – that is, those who only provide general advice, those who provide advice about Tier 2 or less complex financial products and those who only give advice in relation to a time-sharing scheme. ASIC will review and update their guidance for advisers who are not relevant providers.

RG 146 will not apply to new entrants to the industry seeking to become a relevant provider from 1 January 2019. They will need to meet FASEA’s new professional standards requirements.

General Advice

Existing advisers completing Tier 1 Margin Lending – General Advice will need to have completed Generic Knowledge.

Personal Advice

Existing advisers completing Tier 1 Margin Lending – Personal Advice must hold the pre-requisite units of competency and have completed Tier 1 Generic Knowledge. If existing advisers do not meet the entry requirements, they are required to complete DFP1 Financial Planning Fundamentals.

The pre-requisite units are as follows:

• FNSINC501 Conduct product research to support recommendations
• FNSIAD501 Provide appropriate services, advice and products to clients
• FNSCUS505 Determine client requirements and expectations
• FNSCUS506 Record and implement client instructions.

Individuals are required to be aged 18 years or older to enrol in this course.

Language, Literacy and Numeracy (LLN) requirements

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 mail@kaplan.edu.au.

Computing requirements

Recommended browsers
You can access KapLearn using any of the browsers below, but it runs best on the latest versions:

• Firefox 3 or later
• Chrome 4 or later
• Safari 3 or later
• Internet Explorer

You may find it helpful to have more than one browser installed on your computer. If you experience problems using Kaplan’s online learning system, try using another browser.

Browser settings and support
For the best user experience at Kaplan’s online learning system, select the following browser settings:

• enable cookies
• enable JavaScript
• do not block pop-up windows

Audio recording app

You will need to use a free or paid audio-recording app on your phone, tablet or computer to record and submit your oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in your device manual or on the device manufacturer’s website. Below are help links for some popular devices.

• Apple iOS
• Apple (mac OS)
• Samsung (Android)
• HTC (Android)
• Windows 10

Skills Requirement

To successfully complete this qualification, individuals will require basic computing skills. This may include:

• saving and editing Microsoft Office documents
• researching, accessing and searching the internet
• downloading and saving documents from websites
• uploading documents through websites
• making an audio recording using a smartphone, tablet or computer
• participating in online discussions

Enrolment information

Enrolment

You may enrol into this course at any time and begin studying immediately on enrolment.*

To enrol online, please follow these steps:

• In the ‘category’ drop down list select Financial Services – Tier 1
• In the ‘Search by’ drop down list select subject
• If you just click search this will show all Tier 1 subjects and you will be able to enrol into multiple subjects

Or

• You can search for the specific subject you are wishing to enrol into by entering the name of the subject and clicking search.

* 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.

Delivery

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.

Recognition of Prior Learning (RPL)

Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan award subject based on their previous study and/or work experience. To do this, individuals must submit evidence that demonstrates they have already met the requirements of the subject through these other means.

Evidence can take many forms, such as information about approved study, information about work experience, certificates, transcripts or other credentials.

To find out if you are eligible for RPL, refer to our Credit Transfer and Recognition of Prior Learning (RPL) page.

Pathways

Pathways

The Tier 1 ASIC RG146 competencies identified on your Statement of Attainment will be recognised towards the FNS50615 Diploma of Financial Planning.

Assessment

The assessments for each subject are listed below.

Individuals may attempt the exam and/or submit their written and oral assignment at any time if they believe they are adequately prepared. Individuals will receive personal reminder emails as they approach their assessment deadlines. 

For Personal Advice, individuals must be deemed competent in all assessment items, including demonstrating competency in all of the exam questions, in order to be awarded their qualification or course.  

To learn more about what to expect when completing an oral assignment using audio please click here.

Individuals who complete the Personal Advice subject will receive a statement of attainment.

Kaplan’s exams

You can sit your exam while being supervised in your workplace or at a Kaplan Professional office.

Click here for Kaplan Professional office exam times and venues.

Policies

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.

Terms and Conditions

Click here to access our terms and conditions.

Refund Policy

Access our refund policy