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Continuing Professional Development (CPD)

Keeping your knowledge and skills up to date and/or remaining compliant can seem difficult when you have so many other things on your plate, but ASFA has made things simple with its wide range of CPD solutions.

What is CPD and why is it important

CPD is a career-long approach to planning, maintaining and developing your knowledge and skills. It also ensures you continually build on the knowledge and skills you need to succeed in the competitive business world.

CPD helps you achieve your development and career goals to build your reputation.

For those who have completed RG 146 Superannuation it enables you to stay compliant with ASIC RG 146 and APRA’s ‘Fit and proper’ policy.

Who needs to complete CPD?

All industry professionals are encouraged to undertake CPD activities, especially:

  • ASFA Associates and Fellows: ASFA requires you to earn 30 CPD points per year to maintain your status, including at least 15 from ASFA specific activities.
  • ASFA Trustee Associates and Trustee Fellows: ASFA requires you to earn 30 CPD points per year to maintain your status, including at least 15 trustee points from ASFA specific activities.
  • Compliance professionals, relationship managers and senior managers: ASFA recommends you earn 30 CPD points per year.
  • Administrators, call centre staff: ASFA recommends you earn 20 CPD points per year.

How to gain CPD points

ASFA CPD points are allocated according to the number of hours and effort involved in any given activity, as well as the learning outcomes of that activity. CPD points also contribute to maintaining your ASFA Accreditation. You can earn points by participation in:

The CPD Points table at the bottom of this page list a range of activities and the associated CPD points.

SuperCPD

SuperCPD is ASFA’s online CPD solution, keeping you up to date with the latest industry developments. It offers you the opportunity to earn at least 20 CPD points a year, making it easier to maintain your compliance.

Find out more about SuperCPD.

How many CPD points do I have?

ASFA’s online CPD tracking system allows members to login and view their CPD report at any time. This report lists all CPD activities successfully completed with ASFA.

Non-members can login and download an ASFA Activity report which lists all your activities with ASFA.

You will need to login to the ASFA website to access your CPD or Activity report

CPD activities and points

The table below details the various activities available in the 2016/2017 financial year and their relevant point allocation. These points relate to activities that begin on or after 1 July 2016 and are revised annually.

ACTIVITY  CPD POINTS DURATION DELIVERY MODE
Subscription
SuperCPD 1 point per topic (minimum 20 points per year offered) Annual subscription, released quarterly Online
Formal learning

ASFA Qualification, such as:

  • Certificate III in Financial Services
  • Certificate IV in Superannuation
  • Diploma of Superannuation
    • RG 146 Superannuation
    • Super Insurance
    • Super Admin: Accumulation
    • Super Admin: Benefits
24 points per subject Up to 6 months Online
Corporate workshop

ASFA Online Learning, such as:

  • Defined Benefits
  • Personal Advice: Skills Program
Up to 24 points.
Refer to each course information for details.
Up to 6 months Online
One-day workshop, such as:
  • Investment Fiduciary Essentials
  • Core Governance for Superannuation
6
5
1 day
4.5 hours
Public or corporate workshop
Three-day workshop, such as:
  • RG 146 Superannuation
24 3 days Public or corporate workshop
Half-day workshop, such as:
  • Reporting to the Board
  • In the Boardroom
  • Superannuation Governance Masterclass
3 3 – 4 hours Public or corporate workshop
Events
ASFA Conference Minimum of 18 3 days Conference
ASFA Briefing, such as:
  • Budget lunch
1 per session with technical content 1.5 hours Face to face event
ASFA Industry Address / 2 hour seminar, such as:
  • CEO Roundtable  
2 points 2 hours Face to face event
ASFA Seminar, such as:
  • ASFA Unpacks
  • Investment Interchange
4 points Half-day Face to face event
ASFA Forum 8 points 1 day Face to face event
ASFA Discussion Group 1 point per meeting 1 – 1.5 hours Face to face  meeting
Industry consultation
ASFA Committee Meeting
(excluding Board committees)
1 point (maximum 10 per year) 1 – 1.5 hours Face to face or dial in meeting
Technical authoring, such as:
  • Superfunds article or other ASFA papers
3 per article   Email
ASFA Assessment Up to 6 points per year    
ASFA Course Development Up to 10 points per year    
External CPD
Non-accredited Course 1 point per hour of learning activity Various Online and face to face course
Personal Reading, such as:
  • Australian Financial Review
1 point per 4 hours Ongoing  

Note: Activities are advertised with the applicable points and may vary from the table.