ASIC has released an updated version of  Regulatory Guide 146: Licensing: Training of financial product advisers (RG 146). RG
146 sets out the minimum training standards for financial product
advisers and explains how advisers can meet these training standards.

After a review, ASIC has decided to:

• amend RG 146 to facilitate more tailored and
  flexible training requirements for some products that are relatively
  straightforward and do not involve an investment component (Tier 2
  products);
• maintain the current requirements that
  advisers be trained across the range of products within existing
  specialist knowledge categories;
• maintain the existing policy on the recognition of prior study and training;
• amend RG 146 to clarify ASIC’s capacity to deal with non-compliant courses; 
• improve the currency of the information on
  the ASIC Training Register by requiring course providers to
  periodically re-register courses; and
• clarify some aspects of ASIC’s policy and re-write it in the new regulatory guide format.