Two letters, three numbers: What RG146 really means for you


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Sounds like a bunch of boring numbers, but as of July 2016 by law anyone giving financial product advice under an Australian Financial Services Licence (AFSL) must satisfy ASIC’s training standards which are explained in Regulatory Guide 146 Licensing: Training of financial product advisers (RG146).

The low down

There are two set requirements that must be met to provide financial planning advice.

First the training standards set by ASIC in Regulatory Guide 146 (RG146) and then you must become licensed by either by holding an Australian Financial Services (AFS) license, or by being a representative or authorised representative of an AFS license.

The RG146 Compliance program

And we’re proud to say that Craig, Adam and Stu have completed their RG146 certification and training on both knowledge and skills to give advice specifically in relation to the establishment and management of Self-Managed Superannuation.

Have you thought about?

  • Have I given consideration to my long-term financial goals and how these will be achieved?
  • Am I currently investing in the most tax effective ways to maximise my long-term returns?
  • Do I want to make sure my assets are spread over a combination of quality long term assets like property and shares?
  • Do I have a ‘Plan B’ in the event of being off work due to an accident or illness?

Scary stuff if you’re unsure of how to respond.

The great news is that 542 Partners has a trusted network of financial advisors who are specialists in the areas of financial planning and insurance.  


Click here to arrange an obligation free consultation.

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