RG146 FOR THE SUPERANNUATION INDUSTRY

This Course is widely considered a necessary pre-requisite qualification 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 .

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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 ATTEND?

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

Face-to-face facilitation of RG146 is delivered over 4 full days, made up of group discussions, practical exercises and examples. Facilitated training provides a structured learning environment and provides a platform for networking and forming relationships with people within the industry.

Self-paced Learning

AIST offers self paced learning as an alternative to facilitated training. Self-paced learning enables you to control the pace of your learning providing you with the opportunity to take maximum advantage of your preferred learning style and time.

Some benefits of self-paced learning are as follows:

You are able to set your own pace and timelines therefore you are not dependent on the structure and pace established within a facilitated course
Flexibility to start and end the course at your convenience ensuring efficient use of your time
Access to trainers for mentoring and answering questions, ensuring any difficulties are overcome during your learning experience.

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.

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 two hour exam, where we will co-ordinate a convenient date and time to be supervised at AIST's office or at your workplace with an approved supervisor.
Assignment: This is an assessment of case studies and scenarios.

NATIONALLY RECOGNISED UNITS OF COMPETENCY

This course comprises of 7 units of competency from the FNS10 Financial Services Training Package
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSINC402A Develop and maintain in-depth knowledge of products and services used by an organisation or sector
FNSASICU503A Provide advice in Superannuation
FNSIAD501A Provide appropriate services, advice and products to clients
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
FNSINC501A Conduct product research to support recommendations

AIST CPD HOURS

24 hours (including assessments where required). Participants may also be eligible for 24 Accreditation Status Points as well as 24 Loyalty Reward Points. Further information on the AIST Accreditation and Loyalty Reward Programs may be found on the AIST Website

FACILITATED PRICES

COURSE RATES	EARLY BIRD RATE INCL. GST (Register 14 days before course date)	STANDARD RATE INCL. GST (Register within 14 days of the course date)
AIST Members	$1,660.00 (GST Exempt)	$1,826.00 (GST Exempt)
Non-AIST Members	$2,060.00 (GST Exempt)	$2,266.00 (GST Exempt)

SELF-PACED PRICES

COURSE RATES	STANDARD RATE INCL. GST (Register within 14 days of the course date
AIST Members	$970.00 (GST Exempt)
Non-AIST Members	$1,200.00 (GST Exempt)

REGISTRATION

DATE/S	LOCATION	TIME	REGISTRATION
March 26,27 April 2,3	9:00am to 5:00pm	MELBOURNE	Online	by Form
May 14,15,28,29	9:00am to 5:00pm	MELBOURNE	Online	by Form
May 28,29 June 14,15	9:00am to 5:00pm	SYDNEY	Online	by Form
July 9,10,23,24	9:00am to 5:00pm	MELBOURNE	Online	by Form
August 8,9,21,22	9:00am to 5:00pm	SYDNEY	Online	by Form
October 10,11,23,24	9:00am to 5:00pm	MELBOURNE	Online	by Form
November 12,13,22,23	9:00am to 5:00pm	SYDNEY	Online	by Form
December 3,4,12,13	9:00am to 5:00pm	MELBOURNE	Online	by Form

PDF FACT SHEET AVAILABLE

This course is also available to in-house groups with a minimum 5 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

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