Upgrade from ASIC Tier 2 Compliance


To enrol, download the Compliance Solutions Enrolment Form

Designed for those who have completed Tier 2 General Insurance Compliance Personal and General Advice and who wish to upgrade to Tier 1 General Insurance Compliance.

Outcomes

  • ASIC RG 146 Tier 1 General Insurance Compliance Personal Accident and Sickness
  • Credit towards GI401 Serving the Customer

Pre-requisites

Price

AUD $975 per module

Modules

  • GI011 Providing General Insurance Personal Accident and Sickness Advice

    Learning Outcomes

    • general insurance products available on the market
    • regulations pertaining to prescribed classes of insurance
    • identify client objectives, needs and financial situation
    • analyse client objectives, needs, financial situation and risk profile
    • develop appropriate strategies and solutions
    • present appropriate strategies and solutions to the client
    • negotiate a financial plan, policy or transaction with the client
    • coordinate implementation of an agreed plan, policy or transaction
    • complete necessary documentation
    • explain requirements for providing point-of-sale and service documentation (e.g. FSG, PDS, SoA) to retail clients
    • evidence an appropriate level of knowledge about regulations pertaining to the duty of disclosure and interim cover
    • establish relationships with customers
    • communication skills
    • requirements related to disclosure of capacity
    • regulations pertaining to privacy and to the hawking prohibitions (Australia)
    • maintain necessary documentation
    • provide ongoing service where requested by a client
    • monitor feedback and report on service delivery
    • establish if a dispute exists
    • evidence an appropriate level of knowledge about regulations pertaining to dispute resolution
    • investigate a dispute and determine actions to be taken
    • resolve and finalise a dispute.

    Competencies

    • BSBCUS301B Deliver and monitor a service to customers
    • FNSCUS402A Resolve disputes
    • FNSIAD501A Provide appropriate services, advice and products to clients

    Duration

    Accelerated (7 weeks)

    Online Assignment

    Pass Grade: 50%

  • GI402-15 General Insurance Law and Regulation

    Deals with legal framework, laws, regulations, the Code of Practice and relevant Acts that govern the general insurance industry in Australia. It also covers health and safety in the workplace.

    Learning Outcomes

    Upon completion of the program, participants should be able to:

    • read and interpret legislative and industry information
    • identify the implications of changes to laws, regulations and rules
    • explain the relevance of tort law and duty of care principles
    • identify and explain relevant laws of principal and agents
    • read and interpret the Insurance Contracts Act
    • explain the duty of utmost good faith and the duty of disclosure
    • identify and apply organisational requirements of the Insurance Contracts Act and associated regulations
    • read and interpret the Corporations Act
    • explain the relevant laws of principles and agents under Australian Financial Service Licensing rules
    • identify and apply organisational requirements of the Corporations Act and associated regulations, including obligatory record keeping
    • interpret, identify and apply any organisational requirements arising out of the Insurance Act, Competition and Consumer Act, ASIC Act, National Consumer Credit Protection Act, and the Privacy Act
    • read and interpret industry information
    • comply with the General Insurance Code of Practice.

    Competencies

    • FNSFMK505 Comply with financial services regulation and industry codes of practice

    Price

    Australia AUD $975
    Overseas AUD $975
    New Zealand NZD $1,030
    Emerging Market AUD $805

    Duration

    Standard (12 weeks)

    Online Assignment

    Pass Grade: students must be assessed as competent in all assignment questions

    Online Exam

    Pass Grade: 50%
    Duration: 90min