ASIC RG 146 (Tier 1 / Tier 2)
ASIC-mandated competency requirement for accountants in financial advice roles; complement (not substitute) to CA / CPA.
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Visit Official Site →Founded
2003 (RG 146 framework)
HQ
Sydney, NSW, Australia (ASIC)
Accreditation
LEGALLY REQUIRED under Corporations Act 2001 + ASIC RG 146 for any accountant giving financial-product advice under an AFSL.
Target Audience
Accountants providing limited financial-product advice (e.g., SMSF setup, basic insurance, super) who hold an Australian Financial Services Licence (AFSL) or operate under one — required by accountants in advice-adjacent roles.
Key Features
- Tier 1: Advisers giving advice on complex products (securities, derivatives, super)
- Tier 2: Advisers giving advice on simpler products (general insurance, basic deposit products)
- Competency framework only — not a credential. Training provided by approved providers (Kaplan / Mentor / etc.)
- Required for any accountant giving advice on financial products under an AFSL
- Limited Australian Financial Services Licence (Limited AFSL) for SMSF-only advisers: also requires RG 146
How to Get This Certification
Prerequisites
None for entry; designed for accountants in advice-adjacent roles.
Accreditation: LEGALLY REQUIRED under Corporations Act 2001 + ASIC RG 146 for any accountant giving financial-product advice under an AFSL.
Why Get Certified — ROI
Salary Impact
RG 146-trained accountants providing advice services typically command AUD$10,000-$25,000 premium vs non-advice peers (Kaplan Professional 2024 Salary Survey + Hays Australia Advice Salary Guide).
Career Benefits
- What makes this stand out
- ASIC-mandated competency requirement for accountants in financial advice roles; complement (not substitute) to CA / CPA.
- Industry recognition
- LEGALLY REQUIRED under Corporations Act 2001 + ASIC RG 146 for any accountant giving financial-product advice under an AFSL.
Who Should Get This Certification
Ideal for:
- Accountants providing limited financial-product advice (e.g.
- SMSF setup
- basic insurance
- super) who hold an Australian Financial Services Licence (AFSL) or operate under one — required by accountants in advice-adjacent roles.
Consider alternatives if:
- Not a standalone credential — competency framework only
- Adjacent to accounting; not an accounting credential per se
Pricing
Pricing varies.
Weaknesses
- Not a standalone credential — competency framework only
- Adjacent to accounting; not an accounting credential per se
- Multiple training providers create quality variance
Markets Served
Australia
Disclosure: This page contains affiliate links.
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