CPD accreditation

NIBA recognises that there's a wealth of training available across the whole industry. In order to ensure our members benefit from quality training programs, we offer training providers the opportunity to have their programs accredited so that participants can be awarded appropriate CPD points upon completion.

As NIBA encourages its member companies to have all in-house training programs accredited for CPD points, this service is offered free to NIBA members. There is a fee for non-NIBA member brokers and other organisations to register their training for CPD. Full details of the accreditation process can be found below. If you have any queries, please contact Audi Witsen on (02) 9459 4308 or email awitsen@niba.com.au

What can be CPD rated?

CPD points may be requested by providers who are planning on providing a CPD activity that has clear learning objectives relevant to the industry.

Standard for training programs:

To be eligible for NIBA CPD accreditation, your program will be measured on:

  1. Content Standards

    • The content is relevant to insurance advisers
    • The quality of content and volume of learning, and if it is based on recognised or evidence-based practice and/or theory
  2. Educational & training standards

    • Learning outcomes which must impart information over and above the basic day-to-day processes and knowledge required for the participant to perform their job role
    • Facilitation of activity by external or internal persons with relevant experience and/or qualifications that exceed the content level of the activity
    • Learners’ opportunity to engage in active learning
    • The monitoring of learning to determine identified learning objectives are achieved
    • Attendees’ ability to participate in evaluation and feedback of the activity
    • Impart knowledge of an educational or technical nature

ASIC ongoing training requirements

Retail advisers and responsible managers must complete an annual continuing professional development (CPD) training plan. This may include training to update knowledge in areas where there is continual change, e.g. legislation, regulatory policies/guidelines, economic and financial developments, new products and new market practices. If the representative is taking on a new job role their CPD can cover study towards qualifications that develop competencies in these new areas. For example a Tier 2 adviser may upgrade to Tier 1.

Why are points limited and not necessarily based on hour per point basis?

NIBA supports ASIC training requirements and believes that CPD points need to be obtained from a range of different learning activities on various industry topics to meet the ASIC requirements on professional development training.

CPD point allocation

Type of professional development training

CPD points

Nationally accredited qualification relating to insurance broking and relevant key business competencies
(e.g. Certificate level, Diploma, Advanced Diploma, Graduate Diploma, study at an approved tertiary institution)
10 points/module
Maximum 20 points per 12 months

Industry seminars, conferences, conventions
(majority of industry-specific sessions)

1 point/hour
3 points/ half day
Maximum 12 points
Industry training
(including in-house and face-to-face programs)
1 point/hour
3 points/ half day
Maximum 12 points
Breakfast/luncheon seminar
(speaker presenting on relevant industry/skills topic)
1 point
Capped programs
(e.g. Specific product training, any software training including Microsoft Office; and office induction programs or familiarity with company documentation and/or systems)

1/2 point/hour
Maximum 1 point

What is not eligible for accreditation

The following programs are not eligible for accreditation:

  • Product launches or demonstrations;
  • Business planning, review or strategy sessions;
  • Motivational presentations;
  • Internal workplace, health and safety programs; and
  • Company policy training and performance reviews.
  • Desktop or internal database/system training.

How to apply for NIBA CPD Accreditation

To apply for NIBA CPD Accreditation, you must complete the accreditation form.

Please note: Applications must be completed by the training provider, not by attendees. The form can be lodged on the register up to 3 months after the session date, if it is a series, the application must be made within 3 months of the first session. After this time NIBA will not consider a session for accreditation.

Once your session has been accredited, you will receive notification via email with a link to your session on the register and a CPD code.

Administration requirements

In addition the organisation conducting the training must:

  • Apply for accreditation on their own behalf;
  • Be able to verify who has attended and/or completed the training via;
    • A formal assessment process; or
    • A signed attendance list.
  • Provide participants/attendees with a record of their attendance/completion in the form of a certificate or an entry onto a training database, outlining;
    • Name of attendee;
    • Title of training;
    • Date of attendance/completion;
    • CPD points gained; and
    • NIBA CPD rating number

For more information on using NIBA’s database to record CPD hours please email awitsen@niba.com.au

Cost

CPD Accreditation is free for NIBA Members. For private providers if you are holding a session once and once only the fee is $125. Please note that your session will be removed from the register once it has been held.

If you are holding the session more than once you can purchase a 12-month subscription at a cost of $250. This means you can run the session as many times as you like for 12 months from the date of payment as long as the duration and content does not change. The renewal cost after 12 months is $125.