Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 8A - Professional standards for relevant providers  

Subdivision A - Education and training standards  

SECTION 921B   MEANING OF EDUCATION AND TRAINING STANDARDS  

921B(1)  
This section sets out the education and training standards for a person who is, or is to be, a relevant provider. Conditions for relevant providers

921B(2)  
The first standard is that:

(a) the person has completed a bachelor or higher degree, or equivalent qualification, approved by the standards body under section 921U ; or

(b) both of the following conditions are satisfied:

(i) the person has completed a foreign qualification;

(ii) the standards body has approved the foreign qualification under section 921V .

921B(3)  

The second standard is that the person has passed an exam approved by the standards body.

921B(4)  

The third standard is that the person has undertaken at least 1 year of work and training that meets the requirements set by the standards body.

Note: A relevant provider who is undertaking work and training in accordance with this subsection is a provisional relevant provider (see the definition of provisional relevant provider in section 910A ). For rules relating to provisional relevant providers, see Subdivision C .

Continuing standard for relevant providers

921B(5)  

The fourth standard is that the person meets the requirements for continuing professional development set by the standards body.

Note: A provisional relevant provider is not required to meet this standard (see section 921D ).