Are you exploring a career move to the Financial Services & Insurance Industry?
Then you need the RIGHT qualifications for the job.
Exploring a new career can be a big move but if the industry would offer leverage and more benefits then who would not take the risk. But how can you impress prospective employers if you don’t have much experience in the industry? What can you offer if you don’t have much knowledge and skills?
Take the FSRA Tier 2 training course now and be qualified.
Fusion Business College’s FSRA Tier 2 training is the fastest, easiest way to receive the accreditation that you need to launch a new career in F&I, upgrade your current skills for a promotion, or accept the job offer!
Compiled by F&I professionals with real experience. you can be assured that the knowledge gain is not just “academic” but also practical, and will help you succeed as an F&I professional.
The Financial Services Reform Act requires employees in the Finance & Insurance industry to take FSRA Tier 2 (RG146 compliant) training course.
The Financial Services Reform Act (FSRA) was introduced in 2002. The Act requires that all businesses and individuals providing “Financial Services” be licensed in order to practice their trade.
What is FSRA Tier 2 Training? (RG146 Compliant)
The Australian Securities and Investment Commission (ASIC) are the regulators and control the licensing for the Act. Find out more about ASIC or the course module, visit ASIC or COURSE MODULE.
The course covers the core units required by ASIC as part of the compliance requirement and must be delivered by a Registered Training Organisation (RTO).
FSRA Tier 2 Accreditation Training
The course is also designed to meet the specific needs of those working in the Financial Services industry by providing in-depth knowledge to ensure competency.
Participants who successfully completed the course will receive national accreditation and certification. What this means is that you will be recognized as having the competence and qualification to take on jobs in the Financial Services industry.
1: Introduction to Financial Services
( FNSASIC301 Establish client relationship and analyse needs - FNSASIC302 Develop, present and negotiate client solutions )
CONCEPTS OF FINANCE
A glossary of over 50 terms with explanations of their purpose and context in the Financial Services industry.
Banking, Finance and Insurance products explained. Includes features and benefits of each product with general GST and tax implications.
HOW TO KEEP RECORDS
Set up, maintenance and storage of your customers records. Includes future prospecting, legal requirements and logs.
THE LAWS RELATING TO ME
Know how the Corporations Act, Financial Services Reform Act, Trade Practices Act, National Consumer Credit Protection Act, Privacy Act, etc. relate to you.
CONFLICT AND COMPLAINTS
Handling, preventing and escalating customer complaints.
COMPETITION AND MARKETING
What the law prevents in marketing and fair competition.
We have divided the competencies into 2 modules
2: Providing Personal & General Advice
BEING AN FINANCE & INSURANCE (F&I) PROFESSIONAL
This covers an extensive product knowledge including Professional Selling skills, Customer Relationship building, Handling Customers face to face, over the phone and internet
Who are they? What do they do and their requirements in this course? Learn how ASIC contribute to Australia’s economic reputation and well being by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.
What is Advice? And what is the difference between personal and general advice?
Learn to listen to your customers and build long lasting professional relationships.
BASIC FINANCE CALCULATIONS
Learn to manually calculate simple interest, compound interest, average weighted rate, factors etc.
THE SALES PLAN
This is a 5-step sales plan for selling Finance and Insurance to all types of customers. The foundation of a successful career in selling F&I Products and Services, this also includes simple word tracks, how to overcome objections, what is “add-on” selling and completing the settlement process.
This module includes all the basic concepts of Finance, including how to do basic financial calculations and how to set up a Sales Plan.
This module provides comprehensive information about the following competencies:
( FNSASIC304 Provide Tier 2 general advice in general insurance - FNSASIC305 Provide Tier 2 personal advice in general insurance )
Once they have successfully completed the online assessment, they can proceed to the next module. This ensures that you completely understand the concepts and requirements of Module 1 before proceeding to Module 2.
The benefit of completing the course online is that you can do it at your own pace and from wherever you are. You don’t need to attend class or conform to a course schedule. There is also no limitation on how often you access the course materials so there’s no pressure to beat the clock. And when you are ready, you can take the online assessment to receive your accreditation.
Completely delivered online!
Our unique online system allows students to access course materials and topics as often as necessary before they attempt the online assessment.
Frequently Asked Questions
Is this course completely online? Do I have to attend lessons or webinars?
The course is 100% online so you can do the modules from wherever you are, whenever you like. There is no need to attend classes - saving you time and money.
Are you a legitimate training provider?
Yes. We are a Registered Training Organization (RTO 40042) https://training.gov.au/Organisation/Details/40042#. We are also an approved course provider for ASIC (Australian Securities and Investments Commission)
Are there any additional fees that I should be aware of?
There is no additional fee. The course is A$550 less any promotional discount applicable. There is also no GST for accredited courses.
How can I pay for the course?
You can pay via any of the following methods:
Are there any prerequisites for me to do this course?
Anyone with a sufficient understanding of the English language can do this course, regardless of what your previous work experience, current occupation or education; there are no formal prerequisites at all.
Once I pay for my course, how soon will I get access to get started?
You will be enrolled within 4 business hours of your enrolment. Our standard working hours are 8.30am – 4.30pm ACT Monday to Friday. Outside of these hours you will be enrolled on the next working day.
Once I complete my course, how soon can I expect to receive my certificate?
You will receive an emailed PDF copy of your certificate within 1 business day of completing your course. Your certificate or statement of attainment will be sent via registered mail within 2 business days.
I have paid for my course during working hours but have not received my email telling me how to access my course.
If it is not in your email inbox, try checking your junk mail folder and spam folder, sometimes emails do end up there. Otherwise, call 1300 807 177 or email us at firstname.lastname@example.org
What is a USI (Unique Student Identifier), why do I need it?
Everyone studying in Australia needs to have a USI. It is quick and simple to obtain, and does not cost anything. To apply, visit: https://www.usi.gov.au/students/create-your-usi
Any accredited courses you take in the future will be linked to you, and you will have a record of all courses that you have completed in Australia.
If I have questions about my course or I need help when completing my course, can I ring anyone?
Yes. You can call our training coordinator or consultants on 1300 807 177 during business hours (8.30am to 4.30pm ACT). If you need help outside of these hours, just call and leave a message on our voice mail. You can also send an email to email@example.com. We will get back to you as soon as we can.
How much time do I have to complete my course?
We keep courses open for 6 months (certificate courses are open for 12 months) If you need additional time to complete your course please call us on 1300 807 177 to arrange at no extra cost.
What if I change my mind after I sign up? Can I get a refund?
There is a 30-day money back guarantee. If at any time during this period you think the course if not suitable, just send us an email to request for a full refund. No questions asked. However, we are unable to give you a refund if you have completed the course.
How long will I take to complete the course?
Most of our students take about 4 hours to complete if they have F&I experience. Those who are new to F&I take about 6 hours.
I am overseas at the moment but will be moving to Australia soon to work, can I complete this course and receive my certification?
Yes. Anyone, regardless of where you live at the moment, can take this course. When you get to Australia, you will have your qualification ready and can start applying for jobs immediately.
I am applying for a job at a bank and they have asked if I have RG 146 compliance, is this the same course?
RG 146 is the name of the regulation that says you need to do this course if you are offering face-to-face general advice to your customers. The name of our course is FSRA Tier2. This course is RG 146 compliant and ASIC approved.
What our customers say...
"I have taken FSRA Tier 2 course and this is an interesting and unique course put together by Fusion Business College. I have found them to be stimulating, refreshing, informative and reflective. I enjoyed the course particularly because it was expertly coached online at each stage of the process. Overall, this is an excellent course and good value for money."