MFAA negotiating after Diploma oversight
By
Ben Abbott
|
14/09/2011 1:00:00 PM
|
5
comments
The MFAA has confirmed it is in negotiations that it hopes will see the Diploma upgrade option open to its members after November this year.
Today, Australian BrokerNews reported that MFAA members were likely to be caught out by not being able to complete the Diploma upgrade after November this year, due to new incoming government education standards that will change the structure of Cert IV and Diploma courses.
This is despite the MFAA having recommended the Diploma upgrade in member guidance as one of three options for its members to meet new minimum education standards up until 30 June 2012.
MFAA CEO Phil Naylor subsequently confirmed that the MFAA had only recently become aware of the incoming standards, which were made public to industry education providers in November last year.
"We have recently become aware of the new requirements and are currently in discussions with Innovation & Business Skills Australia who have been made aware of our 1 July 2012 deadline," Naylor told Australian BrokerNews.
Naylor said the government body "understands the urgency" of the industry's situation, and would update the MFAA within days in regard to a possible postponement of the new education standards. A postponement would give members more time to enrol for the existing Diploma upgrade.
"We are confident that the existing requirements for the Diploma will remain in force for a period which is more consistent with our deadline," he said.
Related stories:
Brokers in dark over November Diploma deadline
Don't count on Diploma 'rubber stamp'
Poll: Is one peak broker body enough?
Latest Comments
Total:
5
comment(s)
Sue on
14 Sep 2011 01:58 PM
Interesting, The MFAA is an RTO in itself with these qualifications on their scope, why didn't they know the rules before setting deadlines.
Broker on
14 Sep 2011 02:02 PM
Looks like the MFAA has caught a dose of the Governments reverse Midas touch, what a shambles, but hey we have become accustomed to that.
So once we all complete our Diplomas, how then will the MFAA continue to justify its existence?
The never ending list of (non value adding) additional requirements that are being imposed on Brokers has to run out sooner or later doesn’t it?
I am looking forward to running my business again , rather than being sidetracked with all this gobbledygook!
JTFP on
14 Sep 2011 02:02 PM
Perhaps the lenders should reward brokers that have the Diploma by reinstating pre GFC commissions given they have gone the extra mile and obtained this qualification pre November 2011...I would like other brokers comments around this suggestion.
TC on
14 Sep 2011 02:45 PM
Thank you MFAA, everyday you give me something to smile about!! You remind me of my childhood and the Keystone Cops.
Phew on
14 Sep 2011 03:24 PM
No need to rush to get my Diploma then?