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Sales - CPD Tracking

It's a requirement of MFAA/FBAA memberships that brokers undertake a minimum of 30 hours of continuous professional development (CPD) per membership year.

All LA brokers must keep a record of their CPD points in the CPD Register, saved in Teams (LA Group > Sales > CPD Register) - each broker has their own tab on this register. It is solely a brokers responsibility to keep track of their CPD points throughout their membership year.

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MFAA/FBAA may require their members to show evidence of their CPD hours. As such, evidence that members should keep includes:

  • Certificates
  • Receipts
  • Confirmation emails
  • Calendar entries

CPD Activity Allocation

Courses & Workshops

Maximum 25 CPD hours per membership year

Completion of face-to-face or virtual industry relevant educational content delivered by a trainer, expert or recognised institution. Examples:

    • MFAA/FBAA, lender and aggregator courses
    • PD Day workshops
    • Member forums
    • Industry conferences
    • Lender accreditations
    • Aggregator and lender events
    • Online or live presentations
    • Webinars
    • Podcasts

READING & RESEARCH

Maximum 6 CPD hours per membership year

Reading and reviewing industry relevant published materials in hard or soft copy and may include trade publications, news articles, journals, white papers, research reports, brokerpedia etc.

LENDER, AGGREGATOR AND/OR PARTNER BDM MEETINGS

Maximum 12 CPD hours per membership year

Meetings covering process, policy, products and pricing.

RECOGNISED QUALIFICATIONS

CERT IV - Maximum 20 CPD hours per membership year
DIPLOMA - Maximum 30 CPD hours per membership year
OTHER - (with proof of completion) - Maximum 30 CPD hours per membership year

Formal qualifications which are industry relevant delivered by an Australian Registered Training Organisation (RTO) or higher education provider, e.g. university. Includes completion of:

    • Certificate IV in Mortgage Broking
    • Diploma in Mortgage Broking Management.

mentoring or being mentored

Maximum 18 CPD hours per membership year

New to industry brokers are required to undergo mentoring by an experienced mentor

delivering a presentation, demonstration or course

Maximum 6 CPD hours per membership year

Illustrating, informing and/or demonstrating industry relevant practice to colleagues, peers or other stakeholders. For example, presentations for RTOs, at lender or aggregator PD events and forums.

active participation in representative forums or groups

Maximum 6 CPD hours per membership year

Being an active participant (presenter or panellist) in industry-based forums, committees, discussion groups, communities of practice, boards and/or panels whose purpose is achieving a common goal to advance the industry and/or profession.

writing an industry article or paper

Maximum 6 CPD hours per membership year

Production of an article or paper for a recognised industry publication or forum.

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