ASIC RG146 (Tier 1 / Tier 2 Generic Knowledge)
Mandatory baseline for retail advice in Australia. Modular and provider-flexible — many career-changers complete Tier 2 (Insurance) in 4-6 weeks.
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Visit Official Site →Founded
1998 (current ASIC RG146 framework)
HQ
Sydney, NSW, Australia
Target Audience
Australian financial advisers, planners, mortgage brokers, general insurance brokers, and life insurance specialists. ASIC RG146 is the mandatory baseline competence framework for retail advice on financial products in Australia.
Key Features
- Two tiers: Tier 1 (full investment & superannuation product advice — equities, derivatives, super, life insurance) and Tier 2 (general insurance, basic deposit products, NCCP credit)
- Pathway via accredited Australian provider (Kaplan Australia, Mentor Education, Monarch Institute) using statement-of-attainment units of competency
- Required for any retail financial product advice under Corporations Act 2001
- Modular structure: Generic Knowledge + Specialist Knowledge module per product class advised
- FAS (Financial Adviser Standards Authority — defunct as of 2022; replaced by Treasury) education requirements supersede RG146 for new entrants since Jan 1, 2019 but RG146 still applies to existing advisers
How to Get This Certification
Prerequisites
None to start; ASIC RG146 is now a baseline requirement, with new financial adviser entrants needing additional FAS education (approved bachelor degree + Financial Adviser Exam + Year of Professional Year).
Why Get Certified — ROI
Salary Impact
Baseline for entry; new mortgage broker AUD 60,000–AUD 90,000; new life insurance specialist AUD 65,000–AUD 95,000 base + commission (Hays Australia 2024).
Career Benefits
- What makes this stand out
- Mandatory baseline for retail advice in Australia. Modular and provider-flexible — many career-changers complete Tier 2 (Insurance) in 4-6 weeks.
- Industry recognition
- ASIC regulation under Corporations Act 2001.
Who Should Get This Certification
Ideal for:
- Australian financial advisers
- planners
- mortgage brokers
- general insurance brokers
- and life insurance specialists. ASIC RG146 is the mandatory baseline competence framework for retail advice on financial products in Australia.
Consider alternatives if:
- Increasingly viewed as minimum-only; FAS-compliant degrees are the new standard for retail advisers
- Heavy curriculum overlap with FAS Bachelor pathways — career changers re-learn material
Pricing
Pricing varies.
Weaknesses
- Increasingly viewed as minimum-only; FAS-compliant degrees are the new standard for retail advisers
- Heavy curriculum overlap with FAS Bachelor pathways — career changers re-learn material
- Provider quality varies — choose accredited (Kaplan, Mentor, Monarch)
Markets Served
Australia
Disclosure: This page contains affiliate links.
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