ASIC doesn’t specify how many CPD hours are required for Responsible Managers of AFS licensees.
However, the CPD must be ‘adequate’ and assist a responsible manager to:
maintain knowledge and skills that are appropriate for their activities and responsibilities, and are consistent with any applicable training standards
update their knowledge and skills, especially in areas where there is continual change
develop new knowledge and skills to assist with their current role or roles contemplated in the near future.
Our AFSL Responsible Manager CPD awards 15 hours/points. This affords licensees flexibility to make up the balance of the widely accepted industry standard of 20 hours via other activities, such as industry reading, inhouse training, and industry event attendance.