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Existing Advisers, are you looking to become ASIC RG146 compliant in Securities?
Kaplan Professional, a leading national provider of education in financial services offers the Kaplan Professional Tier 1 RG146 Compliance Solution for existing advisers to provide either general advice or personal advice in the securities specialist knowledge area.
This course introduces existing advisers to the concepts of securities as they apply to retail clients. The principles underpinning the foundations, regulation and risks associated with the securities industry are also covered. Existing adviser will learn how to analyse and trade securities, and will gain an understanding of the documentation and tax requirements when dealing with retail client portfolios.
Existing advisers can elect to study either a general advice or personal advice option.
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 securities 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 securities 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 Securities – Personal Advice subject outline to view the relevant units of competency.
Please refer to the subject outlines for more information:
Tier 1 Compliance Solution – Securities
Personal Advice: $315 (GST exempt) – No longer open for new enrolments.
General Advice: $270 (GST exempt)
For additional study-related fees, please click here
Existing advisers have a total of:
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: No longer open for new enrolments.
The amount of training for this course may be up to 10 hours per week. The amount of training is the hours an existing adviser can expect to spend to complete their course work and assessments.
In addition to the amount of training, existing advisers 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.
Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.
Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:
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.
Existing advisers completing Tier 1 Securities – General Advice will need to have completed Generic Knowledge.
Personal Advice – No longer open for new enrolments.
Existing advisers completing Tier 1 Securities – 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:
Individuals are required to be aged 18 years or older to enrol in this course.
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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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.
To successfully complete this qualification, individuals will require basic computing skills. This may include:
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.
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.
The Tier 1 ASIC RG146 competencies identified on your Statement of Attainment will be recognised towards the FNS50615 Diploma of Financial Planning.
The assessments for each subject are listed below:
• Written – Short answer questions and the preparation of a compliant Statement of Advice for a given client
• Oral – Oral questions and a role play
The mode of oral assessment is by audio recording. As part of the course requirements, individuals will need to find a volunteer to assist with their role play in the oral assignment
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 Professional exam venues
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.
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.
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