Our Accountant Education Package

Meeting your education requirements

While accountants may believe that they have plenty of time to negotiate the new licensing regime, it is clear there remains some uncertainty in the industry about what you need to do to comply, including education requirements.

  • Is it better to undertake the training now or closer to the July, 2016 deadline?
  • Does completing a course automatically qualify you to recommend SMSFs?
  • Where can you undertake the relevant training?

What are the education requirements?

The required education will vary depending upon the level of advice you want to provide. As a basic obligation however, anyone who wishes to become licensed or authorised under an AFSL needs to meet ASIC’s minimum training standards.

The ASIC Regulatory Guide (RG146) outlines the training standards required as well as a list of the generic and specific competencies that must be attained depending upon the type and level of advice you wish to deliver.

If you believe that you may have already undertaken sufficient education and compliance training to meet the necessary standards required to be authorised to provide SMSF advice, the team at Lifespan can assess your education and training records to help you understand whether you can be authorised immediately or whether you need to undertake further education. For any questions regarding your current qualifications contact us direct on 02 9252 2000.

Market leading education

Lifespan has appointed Kaplan Professional to deliver ASIC accredited RG146 compliance programs for our accountants under each of Lifespan’s designated streams: Access, Advantage, and Absolute.

Kaplan Professional is a leading national provider of professional education and training for the financial services sector in Australia.

Each tailored Kaplan educational stream has been designed to be a simple and efficient solution to ensure interested accountants are able to meet the requirements necessary under the relevant licensing option.


Lifespan is delighted to be able to offer access to these training programs at a substantial saving to all accountants accessing the training through our Accountant Solutions program.

Kaplan education solution

Professional accountants holding a CPA or CA designation will be granted an automatic exemption for the Tier 1 Generic Knowledge subject and are eligible for the Accountant SuperPackage program.

These programs are currently designed and delivered in a self-study format with online support through Kaplan’s online portal (KapLearn).

Alternatively, subject to minimum numbers, Lifespan and Kaplan can also provide a blended solution including in-house face to face workshops. These workshops support the online learning and combines the practical application to the theory.

Accountants wishing to provide advice

With the accountants exemption being removed accountants wanting to provide advice will need to complete the following specialist knowledge competencies:

  • Superannuation
  • Financial advice

In addition to the above minimum requirements, accountants wanting to offer their clients broader advice solutions can also undertake additional studies to increase the levels of advice they are able to offer.

An outline of the Kaplan Accountant SuperPackage (SMSF advice education) studies available through Lifespan and Kaplan is featured in the following guide:

To learn more about our educational packages, the discounts available, and to discuss your licensing options contact our advice development team and arrange for a confidential discussion about your future.