Continuing professional development (CPD) is a requirement to maintain your membership with us. Professional development enables you to:
CPD must be relevant to the industry, your current role and career aspirations.
Professional development activities which are not relevant to the mortgage and finance industry nor relevant to your role will not be counted as CPD.
You need 30 CPD hours per membership renewal year and may include the activities listed in the CPD activity allocation table below.
At renewal time, MFAA members need only tick an attestation box that they have achieved their 30 hours of CPD.
You can choose to record each of your CPD activities in the MFAA member portal or maintain your own records.
Yes. MFAA members may be asked by the MFAA to show evidence of their CPD hours. Evidence that members should keep includes:
Make sure that the evidence you keep includes:
For a complete list of industry CPD activities, we recommend that members refer to ASIC’s RG 206.
Completion of face-to-face or virtual industry relevant educational content delivered by a trainer, expert or recognised institution
Examples:
Reading and reviewing industry relevant published materials in hard or soft copy and may include trade publications, news articles, journals, white papers, research reports, wikibroker.
Meetings covering process, policy, products and pricing.
Formal qualifications which are industry relevant delivered by an Australian Registered Training Organisation (RTO) or higher education provider, eg university.
Includes completion of:
New to industry brokers are required to undergo mentoring by an experienced mentor. Find out more about mentoring.
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.
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.
Production of an article or paper for a recognised industry publication or forum.
Qualified financial planners can apply for completed formal education and courses.
The MFAA Learning Hub gives you access to professional development courses, select event presentations and past webinars which are all CPD hour accredited.
Complete a CPD request form if you are a lender, aggregator/broker group, a business or a training provider seeking CPD allocation for a particular activity or event.
