Financial Planning Australia-tier 2 asic accreditation client relationships and general insurance advice

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Tier 2 ASIC Accreditation-Client Relationships and General Insurance Advice

By successfully completing this course you will meet the ASIC’s requirements for you to promote and sell Tier 2 financial products & Tier 2 general insurance products.

This course is ideally suited for those desiring to increase their understanding of the Financial Services Industry and to develop skills and knowledge appropriate for employment outcomes within the Financial services Industry.


Available in all states via:
• Face to face (Classroom)
• Correspondence – online access plus a hard copy of the course manual will be posted to you.
• Online

This course can also be delivered for groups and on demand. Please contact our head office on 08 9344 4088 or for further information.
Regardless of your preferred delivery choice qualified trainers will always be contactable for tutoring and assistance both via email and telephone. Also if have undertaken this course via face to face previously with AAMC and there are any areas you still do not understand you are welcome to return for free to the next available class covering this module.


For all delivery options, you will need to have access to a computer with an internet connection.
There are currently no entry requirement for this qualification.



Your enrolment is valid for a period of twelve months. 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.


• 2 Online multiple choice assessments
• 1 x Written Assessment consisting of activities and case study


4 Units of Competency
FNSASIC301 Establish client relationship and analyse needs
FNSASIC302 Develop, present and negotiate client solutions
FNSASIC304 Provide Tier 2 general advice in general insurance
FNSASIC305 Provide Tier 2 personal advice in general insurance

Module 1
FNSASIC301 Establish client relationships and analyse needs
FNSASIC302 Develop, present and negotiate client solutions

These units are required for Tier 2 ASIC accreditation and external recognition in line with the Financial Services Reform (FSR) compliance. These units describe the performance outcomes, skills and knowledge required to satisfy the training requirements for authorisation by an Australian ASIC registered License (AFSL) holder to provide advice on deposit products, non-cash payment facilities and general insurance products at Tier 2 level.

Module 2
FNSASIC304 Provide tier 2 general advice in general insurance
FNSASIC305 Provide tier 2 personal advice in general insurance

These units meet Tier 2 Australian Investments Commission (ASIC) accreditation requirements for providing limited financial products advice. Conditions relating to this should be obtained from ASIC. These units are applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including that administered by ASIC. These units cover the functions undertaken by non-broker insurance advisers providing general advice in Tier 2 (standard retail general insurance) products to a consumer or current client.

Conditions relating to ASIC training requirements and accreditation should be obtained from ASIC.
Tier 2 products are defined by ASIC as:
• General insurance products other than personal sickness and accident.
These products:
- do not have any investment component
- are subject to standard terms and conditions except for previously disclosed variations
- are of a limited life (e.g. 12 months);
• Travel insurance products including where the product covers losses rising due to sickness or accident while travelling; and
• Consumer credit insurance including where the product covers consumer credit liabilities that cannot be paid due to sickness or accident.
• General advice is defined by ASIC in its regulatory guides relating to the conduct and training of financial service product advisers.
• This unit requires the application of skills and knowledge to identify where the consumer is seeking general rather than personal product advice and to follow the appropriate steps to provide this level of advice.
• There is a substantial core, and specialist general insurance product knowledge component that must be developed by the adviser as part of the requirements to meet ASIC training standards for Tier 2 general advice.
When competency of the above units has been achieved you will receive a Statement of Attainment detailing the units of competency which forms a partial completion of Certificate III in Financial Services FNS30115.


CPD Points - 6


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  • Suite 1, 445 Melbourne Road,
    Newport, VIC 3015

    Phone: + 61 3 9391 3643
    Fax: + 61 3 9391 3903

System Requirements

  • What computer and software will be needed?
    • Windows XP or Linux based computer with internet connection.
    •  Internet Explorer 8.0 and above OR Mozilla Firefox
    •  Quick Time Player 4 and above
    •  Acrobat reader 6 and above
    •  Adobe Flash Player
    Download speeds
    •  Min 2 Mbps or above speed is required for running video

Latest Reviews for Tier 2 ASIC Accreditation-Client Relationships and General Insurance Advice
  • Great Course Structure!
    Jimmy Western Australia