Australian Credit Licensing (ACL) Forum

Home Forums Australian Credit Licensing (ACL) Forum Ongoing training requirements for credit licensees and representatives Reply To: Ongoing training requirements for a credit licensees and representatives

#3598 Reply

KMack

Hoping you may be able to provide some brief clarity around the requirement for RM’s and Reps who provide third party home loan credit assistance to have “at least” a Cert IV in Finance and Mortgage Broking by 30 June 2014.

For an RM and Auth Reps within a dual AFSL/CL licensee which primarily provides financial services and not credit services, does “at least” mean that a higher level (but not credit-industry-specific) qualification eg Degree/CA/CPA is sufficient or does it literally mean that each of these people must also complete an industry-specific Cert IV? Thanks for your time.

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