Margin Lending

Margin lending providers must ensure that their representatives are adequately trained and competent. Margin lending is intended to provide specialist knowledge training for understanding margin lending faciltities.

There are two Margin Lending courses:

  1. Margin Lending – this is a 1.5 hour online exam (+ 15 minutes reading time. 40 multiple choice questions, 80% passmark). ; and
  2. Margin Lending Skills – this is a Case Study Assignment.

For experienced practitioners it is an opportunity for a useful refresher for the purposes of CPD..

If an adviser provides personal advice, they must meet FASEA education and continuing professional development standards.

Margin Lending is intended to provide specialist knowledge training for advisers providing advice on margin lending facilities, as set out in Appendix A2 of RG 146.

If an adviser provides personal advice, they are also required to complete approved training courses covering relevant skills.

Margin Lending Skills is intended as CPD for those candidates who have already completed courses on ‘providing advice in …’ other financial products such as securities, managed investments, derivatives and/or superannuation. Candidates should be familiar with the advice giving process already. The focus of the Margin Lending Skills course is the advice giving process – not the bigger picture of being a licensee and complying with legislative requirements. Most of the detail is about the skills of giving advice – fact finding, setting objectives, evaluating products, justifying solutions, presenting solutions and negotiating outcomes.

Continuing Professional Development (CPD)

The Margin Lending course provides 10 FASEA CPD hours to candidates. The Margin Lending Skills provides 10 FASEA CPD hours to candidates. See breakdown for FASEA areas:

FASEA CPD Area Margin Lending Course Margin Lending Skills
Technical competence 5 hours 5 hours
Regulatory compliance and consumer protection 4 hours 4 hours
General 1 hour 1 hour
Total Hours 10 hours 10 hours

Learning outcomes

The Margin Lending course covers the areas of:

  • Gearing
  • Margin Lending
  • Alternative means of achieving geared exposure
  • Tax deductibility of the interest
  • Franked dividends
  • Capital Gains Tax
  • Compliance topics

Is there any assumed pre-requisite knowledge?

There is no assumed knowledge for this course.

Please ensure that the course you intend to enrol in is one you are required to undertake and are committed to completing, as fees are non-refundable. Substitutes are welcome within the enrolment period.

Assessment details

Margin Lending:

1 x Online Exam (Open or Closed Book, 40 questions, 1.5hrs + 15min reading time, 80% pass mark)

Margin Lending Skills:

1 x Assignment (Case Study, 80% pass mark)

Suggested study hours

Margin Lending: Allow up to 90 hours

Margin Lending Skills: Allow up to 90 hours

How does the process work?

Courses are administered by the Stockbrokers and Financial Advisers Association (SAFAA). Enrolments close at 3.00pm every Monday Sydney time.

  • Candidate enrols online/registration is received.
  • Candidate receives Welcome email from SAFAA on Tuesday with course information/study materials.
  • Candidate completes and returns ‘Exam Booking Form’ to schedule their exam day/time. This must be done at least 3 days prior to exam.
  • SAFAA releases exam/closes exam at designated day/time.
  • The Candidate’s approved Supervisor supervises exam and returns the ‘Declaration by Online Exam Supervisor’ to SAFAA. Results will not be released until SAFAA has received the completed ‘Declaration by Online Exam Supervisor’.
  • Candidate receives result (results are released within 1 working day). Candidate receives Certificate (Certificates are issued end of each month).

Margin Lending

Non-Member: $280.00
Organisation Member: $280.00
Practitioner Member: $280.00

Margin Lending Online Exam Remote Supervision

Non-Member: $75.00
Organisation Member: $75.00
Practitioner Member: $75.00

Margin Lending Online Exam Resit

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Margin Lending Skills

Non-Member: $200.00
Organisation Member: $200.00
Practitioner Member: $200.00

Margin Lending Skills Assignment Resubmission

Non-Member: $200.00
Organisation Member: $200.00
Practitioner Member: $200.00

Useful downloads

Please go to each course page to enrol directly online.

PDF Enrolment form

Supervisor Guidelines

SAFAA Exam Booking Form (to be completed and returned by candidate at least 3 days prior to them sitting their online exam)

Summary of Assessment

Enrolments close at 3.00pm every Monday Sydney time.

Please note that SAFAA courses are not delivered by an RTO but wholly administered by the Stockbrokers and Financial Advisers Association. While the content and learning outcomes have not changed, and content continues to be updated, for those seeking compliance under RG146 it is recommended that you check with your licensee.