RG146: Tier II ASIC compliance (Tier 2)

TIER II: RG146

Tier II certification is an ASIC requirement to anyone who provides advice to retail clients.

This course will enable you to meet your RG146: Tier II ASIC compliance obligations.

There are two courses in the Tier II program; learners can choose to do both or they may be completed separately:

Course 1 – Providing General advice and personal advice on deposit products.

This is the normal Tier II and is priced at $395

Course 2 – Providing General advice and personal advice on insurance products.

This is the General Insurance course and is priced at $199

RG146: Tier II ASIC

Delivery

Course 1 – Providing General advice and personal advice on deposit products.

The topics in this course include:

• The role of an Advisor
• Client Relationships
• Client Needs & Solutions
• Applications, documents and processes
• Disputes and Complaints

To successfully complete the Deposit Products course learners must attain 100% in the final online quiz and satisfactorily pass a telephone role-play.

The units included are:

• FNSASIC301 Establishing client relationship and analyse needs
• FNSASIC302 Develop, present and negotiate client solutions
• FNSIAD301 Provide general advice on financial products and services

Course 2 – Providing General advice and personal advice on insurance products.

The topics include:

• The role of an Advisor in regards to providing advice to clients in general insurance
• Building a client profile
• Different types of insurance and when to not give and give advice
• Communicating with clients about insurance

To successfully complete the General Insurance course in the Tier II program learners must attain 100% in the final online quiz and satisfactorily pass a case study.

The units included are:

• FNSASIC305 – Provide Tier 2 personal advice in general insurance
• FNSASIC304 Provide Tier 2 general advice in general insurance

Workshop

The program can also be completed via a one-day workshop for $795 (Pre-reading required before commencement). Contact our admin team for details on upcoming workshops  or to arrange a group session for your team.

Who is it for?

Entry Level Staff who advise on financial services products, provide advise to clients, negotiate with clients and services providers or handle customer complaints.

Entry requirements

No entry level requirements for the Tier II RG 146 ASIC compliance course.

How is the course delivered?

The course is delivered to individuals and groups through a range of models including distance education, supported distance education, and facilitated learning blended flexible delivery. Learning Materials and tutorial support is provided to suit the mode that the participant chooses as the preferred learning mode.

What skills will be gained?

Upon successful completion of this qualification, you should be able to demonstrate:

• How to establish relationships with clients and analyse their needs
• To develop, present and negotiate client solutions
• Skills and knowledge to provide advice to retails clients in foundation areas of financial services.

Duration

The course duration is 6 months however, the qualification can also be achieved in a shorter period of time.

The time it takes different people to obtain the competencies will vary depending on such things as work experience and prior learning. Nevertheless, it is estimated that the ‘average’ student should be able to complete the qualification in approximately 4 hours a week of study.