The Following is a table of the MFAA CPD activities.
|
Descriptions |
Qualification |
CPD Hours |
|
|
1 |
Lender ongoing product or process or information seminar, education, training |
Delivered by an employee or contractor of a lender where the learning outcome is based on: · the understanding of, or interaction, communication, proposal lodgement with the lender, or · an understanding of upgrades to product, E-Lodgement, underwriting, lodgement requirements, etc. and · is not for product or lender process accreditation purposes (Eg: E-Lodgements). |
1 CPD hour for every hour of delivery time. Maximum 6 CPD hours per day. |
|
2 |
Professional Personal or Business Mortgage or Finance Development course, seminar, education, training |
Facilitated by a professional/subject matter expert in the topic where the learning is aimed at broker’s personal or business development as a Mortgage or Finance Broker or as the manager of a Mortgage or Finance business. |
1 CPD hour for every hour of delivery time. Maximum 6 CPD hours per day. |
|
3 |
Awarding of relevant (industry, personal development or business development) qualifications. |
Examples: Membership qualification requirements:
Other relevant qualifications determined on an individual basis: |
Full Diploma FNS50315 – Upgrade from Cert IV to Diploma – 2 CPD hours per individual unit. Maximum 30 CPD hours per annum. |
|
4a |
Design or delivery of training program which would meet standards expected in (1) and (2) above. |
Must have Cert IV Training and Assessment (TAA40104). |
3 CPD hours for the design of program and/or material (facilitator’s guide) or student workbook. Delivery as per (1) and (2) above. |
|
4b |
Preparation, submission and publication of technical articles. |
1 CPD hour for every hour of preparation. Maximum 6 CPD hours per annum. |
|
|
5a |
Reviewing Technical Papers and Industry Publications. |
1 CPD hour for every hour of reviewing. Maximum 8 CPD hours per annum. |
|
|
5b |
Viewing or listening to relevant industry Audio or Video recordings. |
1 CPD hour for every hour of viewing/listening. Maximum 12 CPD hours per annum. |
|
|
6 |
Mentoring. |
Applies to Mentor and Mentee. |
3 CPD hours per 3 month period. Maximum 12 CPD hours per annum. |
|
7 |
Financial Planners who are also loan writers Personal or Business Professional Development (in compliance with ASIC AFS Licence requirements and documented in individual’s CPD Training Record) |
Applies to AFSL licensee who is also a loan writer or AFSL Proper Authority Holder, who is also a loan writer |
Maximum of 12 CPD hours per annum. |
|
8 |
Acting as an MFAA Tribunal panellist |
CPD allocation to be determined by the Tribunal |
Maximum 12 CPD hours per annum.
|
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