Brokers risk being cut off if they have not completed their mortgage broking diploma.
Recent legislative changes mean brokers will be required to have completed the new Diploma of Finance and Mortgage Broking Management course, (FNS50320) which supersedes the current diploma.
For some providers, the cut-off date for the old diploma is the end of 2021.
Many aggregators and the MFAA require brokers to have completed their diploma within 12 months of starting their careers – or risk having their accreditation removed.
If you are unsure if your diploma meets legal requirements or if you fear you cannot complete your diploma in time, Accredited Broker recommends you contact your training provider.