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Qualifications

Requirements to become a finance broker

Educational requirements for the grant of a restricted licence

The current minimum education requirement for the grant of a restricted finance broker's licence is the successful completion of the following through any registered training organisation (RTO):

  • Certificate IV in Financial Services (Finance/Mortgage Broking); and
  • relevant supplementary WA material.

Visit National Training Information Service (NTIS) for more information and a register of RTOs.

Note: Successfully completing approved education qualifications is only one of a number of requirements, including relevant experience, for the grant of a finance brokers licence.

WA Course Content

The Certificate IV associated supplementary WA material is understood to be available from the RTOs' below (listed in alphabetical order) (see Contact Details for RTOs):

  • AAMC Training Group
  • Adcom Training Solutions
  • Archer College (formerly Australian College of Financial Services)
  • Central TAFE
  • Financial Services Institute of Australasia (FINSIA) (formerly Securities Institute of Australia)
  • Institute of Financial Services Inc (IFS)
  • Intellitrain
  • MyFENG
  • The National Finance Institute
  • South Western Sydney Institute of TAFE (TAFE NSW)
  • Kaplan

Educational requirements for the grant of an unrestricted licence

An unrestricted licence allows the licensee to deal with both licensed credit providers and private lenders.

The current minimum education requirement for the grant of an ‘A’ class (unrestricted) licence is the successful completion of:

  • Certificate IV in Financial Services (Finance/Mortgage Broking), including relevant supplementary WA material; and
  • A Diploma of Mortgage Lending, Diploma of Lending, or a Diploma of Financial Services (Lending).

The Diploma of Financial Services (Lending) is currently offered by Kaplan.

In addition, applicants applying for an ‘A’ class licence must also have at least two years full time experience in private lending (within the last five years).

Applicants for an ‘A’ class licence may apply for a restricted licence so that they can practice under a restricted licence whilst studying the Diploma course.

Contact details for registered training organisations

The approved WA Course content is currently available from the following RTOs:

AAMC Training Group
Ph: 1800 662 262

Adcom Training Solutions
Ph: 1800 242 889

Archer College (formerly Australian College of Financial Services)
Ph: 1800 242 889

Central Metropolitan College of TAFE
Ph: 1300 300 822

Institute of Financial Services Inc (IFS)
Ph: 02 9283 5999

Intellitrain
Ph: 1300 735 082

Financial Services Institute of Australasia (FINSIA) (formerly Securities Institute of Australia)
Ph: (08) 9223 7200

MyFENG
Ph: 1300 737 154

The National Finance Institute
Ph: 1300 765 400

TAFE NSW - South Western Sydney Institute - Bankstown College
Ph: (02) 9780 5500

Kaplan
Ph: 1300 66 22 03

Training providers

Please read the guidelines for the relevant supplementary WA material.

If you have any queries about the Certificate IV training package, please email the project officer.

If you would like an RTO to be listed on this page as providing the Certificate IV associated supplementary WA material, please complete the checklist and forward the required documents to:

Department of Consumer & Employment Protection
Finance and Valuation Industries Branch
Attn: Project Officer
Locked Bag 14
CLOISTERS SQUARE WA 6850

If you have any queries please email the project officer. Should you require further information about licensing contact:

Tel: 08 9282 0835
Fax: 08 9282 0436
Email: licensing@financebrokers.wa.gov.au