Continuing professional development (CPD) is a requirement to maintain your membership with us. Professional development also enables you to:

  • maintain and improve your professional knowledge
  • learn new competencies
  • develop the qualities required in your professional life.

Earning CPD hours

Your CPD must be relevant to our industry, your current role and career aspirations. CPD hours are earnt in a variety of ways including:

  • Formal activities include attending accredited industry events and seminars, completing relevant qualifications or technical training.
  • Informal activities such as watching relevant online content, attending workshops or reading industry content.
  • Peer and professional interaction such as mentoring or being mentored or participating in structured meetings.
  • Contributions to our profession through presenting research or writing industry-related articles/paper.

How many CPD hours do I need?

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

CPD activity allocation

Formal activities

TypeDescription
Structured courseDelivered by recognised practitioner; contains a comprehensive set of learning objectives; delivers a specific learning outcome
SeminarsA presentation delivered to an audience on a particular topic or set of topics
Technical trainingThe process of learning how to more accurately and thoroughly perform the technical components of your role
Certificate IV or Diploma of Mortgage BrokingCompletion 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 qualificationsNationally accredited industry qualification. Completion of relevant units/subjects within a qualification, such as a degree or MBA.
Financial planningQualified financial planners can have a maximum of 12 hours of financial planning CPD also contribute to their MFAA CPD hour requirements.

Informal activities

TypeDescription
On-the-job trainingIn a normal working situation, using the actual tools, equipment, documents or materials that members will use when fully trained
WorkshopsA brief intensive course emphasizing interaction and exchange of information among a (usually small) number of participants
ReadingReviewing 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 contentVideo on demand or audio and video on demand which allow members to select and watch/listen to video or audio content as needed

Peer and professional interaction

TypeDescription
Mentoring or being MentoredFor 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 applicationA method of teaching by example rather than simple explanation
Discussion groupAn 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 meetingsRepresentation 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"

Contributions to our profession

TypeDescription
Presenting researchFollows 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 courseThe process used to design a course; analyse, design, develop, implement and evaluate Oral presentation of a structured course.
Writing industry related articles/papersProduction of an article/paper for a recognised industry publication or forum.

Need more CPD hours?

The MFAA Learning Hub gives you access to professional development courses, select event presentations and past webinars which are all CPD hour accredited.

CPD allocation for an event

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.