No prior qualifications required—but understanding the full picture prevents costly surprises later.
No Certificate III or other prior qualifications are required to enroll in FNS40821.
No prior work experience in finance or mortgage broking is required, though it can be beneficial.
Minimum Age: No formal age restriction for enrollment
Recommended: 18+ years for industry roles and ASIC licensing requirements
Basic literacy and numeracy skills are required. RTOs may conduct a Language, Literacy and Numeracy (LLN) assessment to ensure you can successfully complete the course.
LLN Assessment typically covers:
For online or blended learning modes, you'll need:
While not required for enrollment, these are necessary for working as a mortgage broker after graduation. Understanding them now helps you plan your career timeline and budget.
A National Police Check (criminal history check) is required when applying for an Australian Credit Licence (ACL) or becoming a credit representative.
ASIC requires a credit history report and bankruptcy check as part of the "fit and proper person" assessment for ACL holders and responsible persons.
If you plan to hold your own ACL, you'll need professional indemnity insurance. Credit representatives are typically covered under their licensee's policy.
Compare providers and find the right FNS40821 course for you