Initial Education

What is RG146?

Authorised Representatives are required to meet minimum training standards issued by The Australian Securities and Investments Commission (ASIC) as outlined in Regulatory Guide 146 (RG146). These training standards are sets of knowledge and skill requirements applicable to a range of financial products and activities, dependent on the type of authorisation. An Accountant appointed as an Authorised Representative is required to meet these training standards.

What training do I need to do?

The level of training you need will vary according to the type of advice you intend to provide to your clients.

Where do I go for this training?

There are many options available in the marketplace to undertake training. When selecting a training solution, you should consider:

• Commitment of time for each training module
• Your preferred learning method (Self-paced or workshop)
• Forms of assessment
• Associated costs

Capstone has assessed the market and shortlisted a number of options based on time, cost, delivery and outcome. Capstone has developed a RG146 guide to external registered training organisations. It provides detailed information for a number of other courses available to obtain RG146 competencies. Click here to access the guide.

Ongoing Education

What ongoing training do I need to do?

Continuing Professional Development (CPD) is an integral part of the professional framework. Not only is it a way of maintaining currency of technical knowledge and ensuring Authorised Representatives remain professional, it is also a way of growing new knowledge as a professional.

Capstone’s Authorised Representatives are required to undertake Ongoing Training to maintain and update the knowledge and skills that are appropriate to an individual’s authorisation. The total CPD hours you must accrue each year as a Tier 1 and Tier 2 Authorised Representative is 20 CPD hours (60 hours per triennium).

Capstone facilitates accredited ongoing training for Capstone Authorised Representatives. Our annual training calendar incorporates regular programs specifically designed around key industry issues, investment trends, economic updates, strategies and advice opportunities for your business. We engage and partner with industry specialists to ensure quality workshops are delivered.

Self Managed Superannuation Fund Training Days

SMSF Training Days are held during the calendar year (usually in May and October) in Melbourne, Brisbane and/or Sydney. Authorised Representatives can expect to accrue a minimum of 6 Accredited CPD hours for full attendance and participation.

Case Studies

Capstone provides six topical and relevant case studies each calendar year. You would accrue a minimum of 1 Accredited CPD hour for attainment of the pass mark.  Although Capstone training is not mandatory, we encourage Authorised Representatives to participate.  You have discretion with accredited training you undertake.

Non Accredited CPD Activities

CPD may include non accredited activities. This is training that has not been assessed by an Accredited Assessor (such as professional reading) and will not have an accreditation number attached to the training material.  Non accredited training must be directly related to the Authorised Representative’s authorisation. Non accredited CPD has been capped at 5 hours for Tier 1 and 2 Authorised Representatives.

What activities can an Accountant undertake without authorisation or an AFS Licence

For the purposes of identifying what activities Accountants can undertake without the need to hold an AFSL or be an Authorised Representative of an AFSL; we have reviewed a number of key Corps Act sections and Corps Regulations references that relate to activities as a professional accountant, particularly surrounding superannuation and taxation advice. Click here to access the guide.