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ARTICLE · 05 SEPTEMBER 2022

CPD requirements for Australian Credit Licencees (ACLs)

ACLs must ensure Responsible Managers, representatives and employees have a personal training plan and record CPD details.

AustraliaFinance and Banking

Australian Credit Licensees (ACLs) must ensure that all employees, representatives and Responsible Managers keep up-to-date with credit industry and regulatory developments by undertaking Continuing Professional Development (CPD).

What are the minimum requirements?

Provider Type Hours Required Type of Training Required
Employees/Representatives Between 10 and 30 hours each year. Any training determined by the licensee to be appropriate to the employee/representative's role and industry sector.
Responsible Managers At least 20 hours each year. Any training determined by the licensee to be appropriate to Responsible Manager's role and industry sector.

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