RG146 for the superannuation industry

This course is widely considered a necessary pre-requisite certification for most roles in the superannuation industry.

To provide advice in superannuation, or in a financial planning context, you must meet the Australian Securities and Investments Commission's (ASIC) Tier 1 Compliance requirements. AIST's RG146 course formally addresses the National Competency Standards, which are approved by ASIC as meeting Tier 1 compliance as defined in their Regulatory Guide 146. You can find the Regulatory Guide 146 at the following website http://www.asic.gov.au.

Topics will include

Module 1: The purpose of superannuation
  • A brief history of the superannuation Industry
  • The federal government's retirement income policy
  • Different types of benefits and fund arrangements
  • Choice of fund Legislation
  • The main service providers in the superannuation industry
Module 7: Taxation
  • Principal concepts of taxation (personal tax and tax on investment)
  • How is tax levied?
  • Deductions and rebates/offsets
  • Dividend imputation
  • Capital gains tax and fringe benefits tax
  • The importance of concessional tax treatment for superannuation
Module 2: Receiving contributions
  • Who can contribute?
  • Types of contributions
  • How contributions are taxed
  • Tax concessions for contributions
  • Time standards for payment of contributions
  • Actions required if contributions are not paid
Module 8: Licensing, disclosure and communication requirements
  • Minimum trustee requirements to communicate with fund members
  • Minimum legislative requirements in the financial services industry
  • Current licensing arrangements for trustees of superannuation funds
  • The disclosure documents required when providing financial product advice
Module 3: Paying benefits
  • Preservation rules
  • When a superannuation benefit become payable
  • Unclaimed monies
  • Taxation on benefit payments
Module 9: Insurance
  • The concept of managing pure and speculative risks
  • Underwriting
  • Common features of insurance contracts
  • Life insurance
  • Personal risk insurance
Module 4: Understanding your legal responsibilities
  • The regulators of the superannuation industry
  • Investment restriction rules
Module 10: Retirement income streams
  • Types of retirement income streams available
  • Taxation treatment of income streams
Module 5: The Australian economic environment
  • The concept of supply and demand
  • Economic growth and the balance of payments
  • The business cycle
  • The impact of fiscal and monetary policies
Module 11: Social security
  • Social security treatment of income in retirement
  • Assessing age pension eligibility via means testing (income and assets)
Module 6: Asset classes and investment vehicles
  • Main asset classes: behaviour and return characteristics
  • Risk and return profiles
  • Basic investment concepts
  • Derivatives
  • Managed Investments
Module 12: Estate planning & the financial planning process
  • Estate planning
  • Wills
  • Powers of attorney
  • The financial planning process

Who should register?

RG146 is of particular relevance to new staff, people changing roles, or anyone representing a fund to members and/or employers.

Training methods

Facilitated Training
Facilitated course delivery occurs over three (3) consecutive days and students benefit from the opportunity to participate in group discussions and complete practical exercises. The format also provides a platform for networking with people in the industry.

Self-paced learning
The RG146 course can be completed on a self-paced basis online. The course consists of 14 bite-sized elearning modules. It provides students with the flexibility to complete the course at their own pace and in their own time.

Assessment

In order to be found competent in your course you will be required to successfully complete two (2) assessments, they are as follows:

  • Open book exam: This is a 2.5 hour exam. You must be supervised at AIST's office or at your workplace with an approved supervisor.
  • Assignment: This is an assessment of case studies and scenarios.

All participants have 6 months to complete the assessments. If you have not completed the assessment within the 6 month period you will be required to re-enrol in the course and incur the full enrolment fee again.

Nationally Recognised Units of Competency

This course comprises of 7 units of competency from the FNS Financial Services Training Package.

FNSINC401 Apply principles of professional practice to work in the financial services industry
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector

The following units of competency are approved by ASIC as meeting Tier 1 compliance as defined in their Regulatory Guide 146:

FNSASICU503 Provide advice in Superannuation
FNSIAD501 Provide appropriate services, advice and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSINC501 Conduct product research to support recommendations

AIST CPD Hours

24 hours (including assessments).

Delivery methodFacilitated and Self-Paced
CPD HoursUp to 24

*EarlybirdStandardSelf-Paced
Member $1,765.00 $1,940.00 $1,035.00
Non-Member $2,185.00 $2,400.00 $1,280.00
All prices are GST exempt *Register 8 weeks before course date. Does not apply to self-paced study

Date/sLocationTimeRegistration

2018 Dates

7, 8, 9 Febraury Melbourne 9:00am - 5:00pm Register online
14, 15, 16 Febraury Perth 9:00am - 5:00pm Register online
11, 12, 13 April Sydney 9:00am - 5:00pm Register online
16, 17, 18 May Melbourne 9:00am - 5:00pm Register online
10, 11, 12 July Adelaide 9:00am - 5:00pm Register online
7, 8, 9 August Brisbane 9:00am - 5:00pm Register online
20, 21, 22 August Melbourne 9:00am - 5:00pm Register online
2, 3, 4 October Sydney 9:00am - 5:00pm Register online
8, 9 , 10 October Melbourne 9:00am - 5:00pm Register online


Registration for Self-Paced 2018

'Learning materials are provided via eLearning. AIST will send your log in details and access instructions on confirmation of your registration for this course.'


This course is also available to in-house groups with a minimum 8 people. If you wish to conduct an in-house session within your office please contact AIST to arrange a suitable time on 03 8677 3800 or training@aist.asn.au


Testimonials

Kelly_Smith

“I felt very supported by AIST and that is a credit to the team there.” 
Kelly Smith, General Manager - Admin and Insurance, HESTA

 

Michael Block CIO

"I recently completed RG146 training conducted by AIST. Not only was the course interesting and informative but I regard it as a must for all superannuation fund employees. I strongly recommend that all participants in superannuation services, whether working for a Fund or a service provider to one, undertake this course."
Michael Block, Chief Investment Officer, Australian Catholic Superannuation

 

Scott Wilson

"I recently completed the RG146 certification with AIST and found the face-to-face training extremely enriching. The facilitated activities and discussions with other participants cemented the course information and the practical assessments have given me the opportunity to put the knowledge into practice. I have gained a deeper understanding of the regulatory framework and the provision of advice in superannuation. I highly recommend that all trustee directors in the profit-to-member super sector consider completing the RG146 certification."
Scott Wilson, Trustee Director - Deputy Chair, Energy Super