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What does AAMC stand for?
Australasian Academy of Mentoring and Coaching.
Is AAMC Training Group a Registered Training Organisation?
Yes, our registered training organization number is 51428 and verification of this is obtainable via the National Training Web Site.
How do I Enrol?
Please follow the instructions on the 'How To...' forms on the Student Resources.
What is the difference between Online & Correspondence?
Both of these methods allow you flexibility to complete your studies at times to suit you. If you chose ‘Online’, you would access the Internet and view the course content via the Online Learning Centre whereas doing the course via ‘Correspondence’, you are sent a hard copy bound manual that you work through with just assessments to complete online.
What times are the face to face courses run?
9am – 5pm unless otherwise advised prior to the commencement of your course.
Do you run courses Australia Wide?
We offer all of our courses in every state around Australia and are also expanding globally.
Are your courses ASIC Approved?
All of our Financial Planning qualification courses are approved by ASIC.
Are your courses nationally recognised or recognised by MFAA or FBAA?
All of our qualification courses are both nationally recognized as well as recognized by the FBAA and MFAA.
What is RPL?
Recognition of prior learning (RPL) is the term given to the process of formally recognising the current competency of an individual.
What are CPD Points?
Continual Professional Development (CPD) provides each individual with a framework within which they must take responsibility for their own learning. A number of associations have CPD programs in place and the CPD has become a legal requirement in many sectors of the finance industry. Points are awarded for each activity and these points are set by the relevant associations or the regulatory bodies pertaining to the relevant profession.
What is required for getting my brokers license?
Section 26 of the Finance Brokers Control Act 1975 requires that anyone carrying on business as a finance broker must hold a finance broker's license. Generally, employees of licensed finance brokers are not required to be licensed. However, any finance intermediaries who are operating as contractors, agents or franchisees of a licensed finance aggregator would not be considered to be in the employ of, and under the bona fide control of, the licensee. These contractors, agents and franchisees are required to be licensed in their own right.
Education requirements for a ‘B’ or ‘C’ class finance brokers license - The current minimum education requirement for the grant of a restricted finance brokers license 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 for those wishing to write business in WA.
Educational requirement for the grant of an ‘A’ class finance brokers license, In addition to the Certificate IV plus relevant supplementary material required for a restricted license, applicants for an ‘A’ class license must have successfully completed one of the following:
- Diploma of Mortgage Lending - Diploma of Lending; or
- Diploma of Financial Services (Lending).
I want to be a financial planner, I want my RGS 146, and do I just have to do DFS 1 to be able to be a planner?
This depends on what sort of planning you want to be able to provide. The DFS1 will give you a RG146 but ONLY allow you to give general advice.
To give specific, personal advice on any particular financial products you would need to complete the relevant ‘Advice in…’ module (DFS2 through to DFS5).
How do I apply for a Financial Service License (AFSL)?
You need to have completed a minimum 3 years industry experience as a Financial Planner to hold the position of Responsible Officer for the licence.
Full qualifications of the Diploma of Financial Services (Financial Planning) DFS 1, 2, 3, 4 need to also be obtained. A Responsible Officer must have experience in the areas they will be responsible for under the licence.
An example would be if you wish to have Life Insurance as an approved area under your licence the RO has to hold proper qualifications in this area along with industry experience. If an RO has only experience in a few areas, then you also need a further, experienced RO to cover the other areas.
If I complete my studies, can I sell Financial Services Products?
By completing your studies, this does not mean you can sell financial products until you are accredited to sell under an AFSL holder.
You will become either an Authorised Representative of theirs or your company can apply to become a Corporate Authorised Representative and you will be noted as an authorised representative of your company under the AFSL licence holder that allows this to happen.
How long will it take to complete the Certificate IV in Training and Assessment?
With reference to “face –to- face” training; participants are guided through the learning material and the assessments are completed by the participant post class time. Hence overall course completion is controlled / directed by the participant.
Your enrolment is valid for a period of twelve months. Within this period you are required to fulfil the following:
- Examinations and assessments applicable to your chosen course, which may include written tests, role plays (including delivering two training sessions for Certificate IV in Training and Assessment), case scenarios, project work and assignments.
- Upon commencement of the course the assessment package will be available for perusal and or further explanation by AAMC Training. Should the trainee believe they will not complete all course work, examinations and assignments in the given time they are required to contact AAMC Training to negotiate an extension. Extensions will only be granted upon request in writing and supporting information explained.
What if I have completed part of the Certificate IV in Training and Assessment with another training organisation?
Mutual Recognition:
In the training industry mutual recognition is the term used to describe the recognition of qualification and Statement of Attainment achieved through other registered training organizations (RTO’s). It involves an application and sign-off process with the new RTO. Please note “codes” of the units on competency on the certificate from the other RTO’s must ne the same as “codes” in the course from which the individual wants to gain recognition. If the" codes" are different, then the individual must go through the RPL process (see RPL process). RPL is different to mutual recognition. Mutual recognition is a direct exemption for any further learning or assessment process for the unit of competency. You are assessed through the provision of your certificate.
I have experience in training and assessing; can I get Recognition of Prior Learning (RPL)?
Please refer to our Recognition of Prior Leaning Guide (extract) for further information.
Can I seek an extension if I am unable to complete my assessments within the specified 12 month period?
The system will remind you when your course is about to expire and when it does, you will have a Renew button in your Member Area that you can click and select to extend your course up to a further 6 months.
Are all AAMC trainers industry experienced?
Yes, all trainers at AAMC Training must hold the necessary training qualification being either the Certificate IV Workplace Training and Assessment or Certificate IV Training and Assessment. They must also have attained the qualification of the course they are training.
Can our company arrange exclusive / tailored classes to meet our specific needs?
Yes, we can tailor courses to suit our corporate clients and an exclusive course may be offered if you have 5 or more students.
How and when will I receive my results and certificate?
AAMC Training will forward your results and certificate to you by mail within two weeks of completion of the course and submission of your assessments.
What happens if I don’t pass?
AAMC trainers and assessors will endeavour to assist you through the process of your assignments. If you do not pass on your first attempt, you will be invited to re-submit another assignment and/or resit the final open book exam at no cost. We want to help you achieve success whenever possible.