Document ID: chunk:federal_register_of_legislation:F2024C00649:clause:2_5:p1
Version: federal_register_of_legislation:F2024C00649
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 1/3)
Character Range: 2730–5765

5  Definitions
Note Code of Ethics and relevant provider are defined in section 910A of the Act. Existing provider is defined in section 1546A of the Act.

Definitions
 (1) In this determination:
Act means the Corporations Act 2001.
advanced diploma of financial planning means:
 (a) a diploma awarded by an NVR registered training organisation within the meaning of the National Vocational Education and Training Regulator Act 2011, being a diploma that:
 (i) satisfies the AQF criteria for AQF level 6 or higher; and
 (ii) includes 8 units of study that are specific to financial planning or financial advice; or
 (b) the Advanced Diploma of Financial Services (Financial Planning); or
 (c) the 8 unit Diploma of Financial Planning offered by Financial Advice Association of Australia Limited (formerly Financial Planning Association of Australia Limited); or
 (d) the 8 unit Diploma of Financial Advising offered by the Financial Services Institute of Australasia (formerly Securities Institute Australia); or
 (e) the 8 unit Diploma of Financial Markets offered by the Financial Services Institute of Australasia (formerly Securities Institute Australia); or
 (f) the 8 unit Certificate in Financial Markets offered by the Financial Services Institute of Australasia (formerly Securities Institute Australia) where the units required to be awarded the certificate were completed between 1 January 1982 and 31 December 1990.
approved bridging unit means a unit of study identified in Schedule 2 as:
 (a) a Financial Advice Regulatory & Legal Obligations bridging unit; or
 (b) an Ethics for Professional Advisers bridging unit; or
 (c) a Behavioural Finance: Client and Consumer Behaviour, Engagement and Decision-Making bridging unit.
approved unit of study means a unit of study listed in column 4 of the table in Schedule 1 in respect of a particular degree or qualification.
AQF means Australian Qualifications Framework, 2nd edition (January 2013) published by the Australian Qualifications Framework Council.
Note On the day the Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2021 was registered, this publication was available at https://www.aqf.edu.au/.
AQF criteria, for a specified AQF level, means the criteria for the AQF level specified in AQF.
AQF level means a level identified as such in AQF.
completed approved study to attain a professional designation—see subsections (2) and (3).
designated area of study means each of the following:
 (a) financial planning (including financial advice in the areas of superannuation, retirement, insurance or estate planning);
 (b) investments (for example, shares, derivatives, foreign exchange, options);
 (c) finance;
 (d) finance law;
 (e) business law or commercial law (if the relevant course is approved by the Tax Practitioners Board);
 (f) taxation and tax law (if the relevant course is approved by the Tax Practitioners Board);
 (g) accounting;
 (h) estate law;
 (i) banking;
 (j) economics.
higher education provider has