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MFAA CPD Activities

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:
Certificate IV FNS40815 / 40811 (previously FNS40811); Diploma (FNS50515 / FNS50311)






Other relevant qualifications determined on an individual basis:


Cert IV FNS40815 and FNS40811 -
16 CPD hours

Full Diploma FNS50315 -
26 CPD hours

Upgrade from Cert IV to Diploma -
2 CPD hours per individual unit

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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