Relevant providers to meet education and training standards
Qualifications (1) A relevant provider must meet the education and training standard in subsection 921B(2). Exam (2) A relevant provider must meet the education and training standard in subsection 921B(3). Work and training (3) A relevant provider must either: (a) meet the education and training standard in subsection 921B(4); or (b) be undertaking work and training in accordance with that subsection. Continuing professional development (4) A relevant provider must comply with subsection 921B(5): (a) in the case of a relevant provider who is a financial services licensee—during the licensee’s CPD year; or (b) in the case of a relevant provider who is authorised to provide personal advice to retail clients, on behalf of a financial services licensee, in relation to relevant financial products—during the licensee’s CPD year. Note: Section 922HB requires a notice to be given at the end of a financial services licensee’s CPD year if a relevant provider has not complied with this subsection during that year. Civil liability (5) A person contravenes this subsection if the person contravenes subsection (1), (2), (3) or (4). Note 1: This subsection is a restricted civil penalty provision (see sections 921Q and 1317E). Note 2: ASIC or a Financial Services and Credit Panel may take certain other action against a relevant provider who contravenes subsection (1), (2), (3) or (4) (see Division 8B). Note 3: Exemptions apply in relation to certain relevant providers (see section 921BC).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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