A number of Special Resolutions were adopted at the CAFBA AGM held in October 2011 in relation to membership qualifications. These included requirements to undertake Continuing Professional Development (CPD), effective 1 July 2012, and to also complete Certificate IV in Financial Services (Finance/Mortgage Broking) effective 1 July 2014.
At the CAFBA April 2018 Board Meeting a resolution was passed for membership requirements to be amended to now include evidence of an approved AML course to be undertaken every two years effective 1 July 2018.
Through our partnership with registered training organisation AAMC Training Group, CAFBA offers a range of training options to assist members with meeting our own requirements and those under the NCCP Act.
In addition, AFIA frequently announce training sessions relevant to our sector of the industry, and members are advised of these as they arise.
Members are encouraged to review all the information provided by AAMC Training Group. Courses can be undertaken either online or in a class situation to accommodate all member training needs. We recommend you take the time to read the information pages and discuss your specific training needs with AAMC Training. Their representatives are well versed in CPD requirements and can assist to ensure you meet your training obligations within the specified timeframe.
AAMC Training provide a 10% cost rebate to CAFBA for every course undertaken, which will in turn be utilised to provide additional professional development training sessions with financiers.
Separate from CAFBA’s own requirements, members who have been nominated as the responsible manager under an Australian Credit Licence should be aware of their obligation to successfully complete the Certificate IV in Financial Services. Dates by which this must be completed will vary as determined by your licence. In addition, each responsible manager must undertake Continuing Professional Development (CPD) of at least 20 hours in each membership year.
The courses offered by our training partners will assist members to obtain the required qualification and CPD points required to comply with the minimum membership standards of CAFBA.