Recognition of Prior Learning (RPL) simply involves an individual assessment of your KNOWLEDGE and SKILLS based on your previous qualifications/courses and knowledge and experience. Knowledge and skills can be demonstrated (and assessed) by THREE main methods: RPL by Recognition of Qualification / Statement of Attainment .This method is to be used if you have completed a similar course to those offered by IIT and also meet the required competencies of our courses. In some cases this is deemed as a credit transfer, if the units of competency you have achieved previously via a different course, are exactly the same as the units of competency required for the qualification or course you are applying for.
- If you have completed a course that has similar content and leaning outcomes to those offered by IIT
- If you have completed a course that covers the same competencies (under the Australian Training Framework, AQTF) to those offered by IIT; and
- The course is listed on the ASIC training register for the RG146 qualifications, such as FNS50615 Diploma of Financial Planning, SMSF, Margin Lending and Foreign Exchange units of competency
This method requires you to supply certified copies of academic transcripts and if a non AQTF course, learning outcomes and outline of the course need to be supplied. If your course is not listed on the ASIC Register you maybe eligible to apply for RPL by Assessment instead. *Please note to apply for RPL by assessment or portfolio of evidence, further costs will be incurred. RPL by credit transfer with statements of attainment is free. Key evidence required for RPL assessment:
- Copy of Statement of Attainment and/or relevant Qualification
- Certificate of Completion for non-award training courses
- Print out relating to the training undertaken from the ASIC training register showing full details of course as it appears on the register (www.asic.gov.au)
In terms of the FNS50615 Diploma of Financial Planning or any other RG146 course, where the training being submitted as evidence was completed before 1995, we require evidence that ongoing continuing professional development and training has been undertaken to maintain the currency of knowledge and skills. Depending on the year training was completed, further assessments will usually be required if the previous qualification was deemed too outdated, due to legislative and training package updates. Full RPL outcomes are emailed to students, once an RPL assessment has been performed by IITs compliance assessors. Total fees and course information are included in the RPL outcome.
Face to face workshops enable you to complete your chosen course(s) under the guidance and tutorship of our highly experienced facilitators. The benefits of attending tutorial workshops are that students are able to network with other students and gain a lot of knowledge from asking questions, classroom discussion groups and assistance with assessments tasks as you go through each chapter. We have recently added our workshop lectures to our e-learning portals, so that students who cannot attend all days of a workshop program or who prefer spreading out the workshop days over several months, can still learn and gain a greater understanding of the modules prior to attending the workshop for that module.
International Institute of Technology (IIT) has been teaching financial planning courses since 2003, with many of our students articulating into University from our FNS60415 Advanced Diploma of Financial Planning and many students gaining employment with the big four banks, and many other large dealer groups and companies, such as AMP and many other small and large companies and Dealergroups. Workshops allow learning to be fun and assessment tasks to be explained step by step under the careful instruction of one of our expert Facilitators, who are industry professionals with ‘real world’ experience and who take the time to tell the ‘war stories’ which help explain the concepts. Workshops allow students to learn in an environment with other students who are from diverse backgrounds, some having little knowledge and some having many years experience in the finance industry. The support of the facilitators as well as other students, allows students to feel part of the IIT student network. Resources used in workshops, such as Powerpoints, white board examples, class discussion, excel instruction are all part of the face to face experience and tutorship. Face to face tutorial workshops also allow students to ‘bounce ideas around’ with other participants. IIT conduct workshops in most states of Australia. CORPORATE in-house training is our speciality! Many companies and dealer groups, organise in-house training for their advisors and staff with IIT, so that we can work around your busy timeframe. IIT have public training venues that are in the CBD of each capital city. Classes are run regularly for the RG146 Diploma of Financial Planning (FNS50615) and several times a year for the Advanced Diploma of Financial Planning (FNS60415) and Certificate IV in Finance and Mortgage Broking (FNS40815), Diploma of Finance and Mortgage Broking Management (FNS50315) and RG146 compliant SMSF, Margin Lending and Foreign Exchange courses. Please check our schedules for each state and course availability or ask about our in-house training option in your workplace.
Distance Education is sometimes referred to as self-paced learning or online learning.
Distance Education is ideal if you can’t take the time off work, have family commitments, or just prefer to learn at your own pace. Distance Education/online learning only works if you have a disciplined approach to completing the assessments required to complete the course(s) you have enrolled in. All students who enrol into our Online/Distance Education courses are deemed capable of self study prior to undertaking the enrolment into the course.
With the Distance Education option, you have continual access to our dedicated team of Distance Education Facilitators to help you with any queries you might have. You can contact out team by phone or email. IIT’s Distance Education policy means you will have a response to your query within 24 hours.
The time taken to complete a course by distance education/Online course varies according to the individual. Each course has set nominal hours that are recommended for each qualification or course. You should set aside a minimum of 5 hours per week if possible, to keep the momentum and information retained more easily.
Some of our courses contain recorded lectures from our face to face workshop programs and they are available in our students e-learning portals, which allows students the opportunity to view the lectures and some Powerpoints for that module/course and gain greater understanding and concepts from these courses as an additional support resource in undertaking the course they are enrolled in. Our Certificate IV in Accounting and Bookkeeping and our Mortgage Broking courses have recorded lectures as a support resource.
Throughout the duration of your course, you have the distance education team there to support you in your studies. We pride ourselves on efficient support and marking and feedback so that students can progress smoothly in any course they undertake with IIT.