Continuing Professional Development (CPD) is how MFAA members maintain, improve and broaden their knowledge, expertise and competence, and develop the qualities required in their professional lives.
Continuing professional development (CPD) is a requirement to maintain your membership with us. Professional development also enables you to:
Your CPD must be relevant to our industry, your current role and career aspirations. CPD hours are earnt in a variety of ways including:
Members holding loan-writing status are required to maintain a minimum of 30 CPD hours each year.
Members self-assess their MFAA CPD hours.
All activity is logged in My Resources.Log my CPD hours
|Structured course||Delivered by recognised practitioner; contains a comprehensive set of learning objectives; delivers a specific learning outcome|
|Seminars||A presentation delivered to an audience on a particular topic or set of topics|
|Technical training||The process of learning how to more accurately and thoroughly perform the technical components of your role|
|Certificate IV or Diploma of Mortgage Broking||Completion of these courses will provide 18 hours of CPD for the Certificate IV of Mortgage Broking and 30 hours for the Diploma of Mortgage Broking|
|Other relevant qualifications||Nationally accredited industry qualification. Completion of relevant units/subjects within a qualification, such as a degree or MBA.|
|Financial planning||Qualified financial planners can have a maximum of 12 hours of financial planning CPD also contribute to their MFAA CPD hour requirements.|
|On-the-job training||In a normal working situation, using the actual tools, equipment, documents or materials that members will use when fully trained|
|Workshops||A brief intensive course emphasizing interaction and exchange of information among a (usually small) number of participants|
|Reading||Reviewing relevant papers, such as in a book, magazine, newspaper, whitepaper, or notebook, or of electronic displays, such as computer displays, television or e-readers. A maximum of 6 hours per year can be credited for reading.|
|Audio/video content||Video on demand or audio and video on demand which allow members to select and watch/listen to video or audio content as needed|
|Mentoring or being Mentored||For a member identified as a mentor who meets the MFAA mentor guidelines. For a new entrant with <2 years experience being mentored by a member identified as a mentor. Mentors and mentees are allowed 18 hours of CPD per year|
|Demonstrating a technical application||A method of teaching by example rather than simple explanation|
|Discussion group||An online forum for individuals to discuss various topics amongst each other. An active member of a group of people asked about their perceptions, opinions, beliefs, and attitudes towards a product, service, concept, or solution.|
|Structured meetings||Representation as a Broker on the MFAA or an industry board, forum, committee or tribunal panel that has been convened for the purpose of achieving a common goal through verbal interaction, sharing information and reaching agreement. Note: CPD hours allocated only to those actions that "advance our profession"|
|Presenting research||Follows a specific, coherent format for articulation of research study results either oral or written with the purpose to inform, persuade or build good will.|
|Design and/or presenting a course||The process used to design a course; analyse, design, develop, implement and evaluate Oral presentation of a structured course.|
|Writing industry related articles/papers||Production of an article/paper for a recognised industry publication or forum.|
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.