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

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

Earning CPD hours

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.

How do I declare my CPD?

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.

Do I need to keep records?

Yes. MFAA members may be asked by the MFAA to show evidence of their CPD hours. Evidence that members should keep includes:

  • certificates
  • receipts
  • confirmation emails
  • calendar entries.

What details should the evidence include?

Make sure that the evidence you keep includes:

  • your name
  • the date of the activity
  • the CPD provider
  • a description of the activity
  • the number of hours earned.

For a complete list of industry CPD activities, we recommend that members refer to ASIC’s RG 206.

CPD activity allocation

Courses and workshops

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

Examples:

  • MFAA, lender and aggregator courses
  • PD Day workshops
  • Member forums
  • Industry conferences
  • Lender accreditations
  • Aggregator and lender events
  • Online or live presentations
  • Webinars
  • Podcasts.
  • CPD hours allowed One CPD hour per hour of educational delivery or examination
  • Maximum CPD hours per renewal year 25
Reading and research

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.

  • CPD hours allowed One CPD hour per hour of reading or research
  • Maximum CPD hours per renewal year 6
Lender, aggregator and/or partner BDM meetings

Meetings covering process, policy, products and pricing.

  • CPD hours allowed One CPD hour per hour
  • Maximum CPD hours per renewal year 12
Recognised qualifications

Formal qualifications which are industry relevant delivered by an Australian Registered Training Organisation (RTO) or higher education provider, eg university.

Includes completion of:

  • Certificate IV in Mortgage Broking
  • Diploma in Mortgage Broking Management.
  • CPD hours allowed One CPD hour per hour of educational delivery or examination
  • Maximum CPD hours per renewal year - Cert IV 20
  • Maximum CPD hours per renewal year - Diploma 30
  • Maximum CPD hours per renewal year - Other (with proof of completion) 30
Mentoring or being mentored

New to industry brokers are required to undergo mentoring by an experienced mentor. Find out more about mentoring.

  • CPD hours allowed One CPD hour per hour of mentoring (both mentor and mentee)
  • Maximum CPD hours per renewal year 18
Delivering a presentation, demonstration or course

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.

  • CPD hours allowed One CPD hour per hour of delivery
  • Maximum CPD hours per renewal year 6
Active participation in representative forums or groups

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.

  • CPD hours allowed One CPD hour per hour of active participation
  • Maximum CPD hours per renewal year 6
Writing an industry article or paper

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

  • CPD hours allowed One CPD hour per hour of production
  • Maximum CPD hours per renewal year 6
Financial planning

Qualified financial planners can apply for completed formal education and courses.

  • CPD hours allowed One CPD hour per hour
  • Maximum CPD hours per renewal year 10

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.