FNS40821
ASIC RG 146 Compliant Certification

Certificate IV in Finance and Mortgage Broking (FNS40821) – Become RG 146 Compliant

Australia's mortgage industry processes $500B+ in loans annually. Without ASIC RG 146 compliance, you can't legally operate as a broker—no matter your experience.

FNS40821 is your mandatory gateway. But with 50+ RTOs, wildly different fees ($995-$2,500), and hidden licensing costs, choosing wrong could cost you months and thousands.

ASIC Regulated
RTO Approved
Nationally Recognized
Government Recognized
AQF Certified
Industry Accredited
Duration
6-12

Months to complete

Cost Range
$995-$2.5K

Tuition fees

Units Required
12

Core units

Salary Range
$60K-$120K

Annual income

The Hidden Cost Reality

Course fees are just the start. Factor in police checks ($42-$87), ASIC ACL application ($2,000-$3,000), professional indemnity insurance ($1,500-$2,500 annually), and aggregator setup fees. Total first-year cost: $5,000-$8,000.

See Full Cost Breakdown
Course Overview

What is FNS40821?

FNS40821 Certificate IV in Finance and Mortgage Broking is Australia's mandatory qualification for mortgage brokers. It meets ASIC RG 206 minimum education standards—without it, you cannot legally provide credit assistance or hold an Australian Credit Licence (ACL).

The course covers 12 core units across 600 nominal hours: loan application preparation, client needs analysis, regulatory compliance, dispute resolution, and professional practices. You'll learn the technical skills (credit assessment, loan structuring) and compliance knowledge (National Credit Code, responsible lending) required for ASIC licensing.

Most brokers complete FNS40821 in 6-12 months via online study while working. Upon graduation, you can apply for ASIC licensing as a credit representative (working under an aggregator's ACL) or pursue your own ACL to operate independently.

Authority & Compliance Resources

Career Outcomes

FNS40821 graduates enter a $500B+ industry with strong demand. Brokers now process 60% of all Australian home loans, up from 45% a decade ago. Career paths include:

Mortgage Broker (commission-based, $60K-$120K+)
Finance Broker (commercial lending specialist)
Loan Officer (salaried aggregator role)
Credit Representative (entry-level broker)
Client Service Officer (broker support)
Broking Assistant (administrative pathway)

Your Next Steps

Entry Requirements

Confirm eligibility: age, literacy, police checks

Cost Breakdown

Calculate total investment including hidden fees

Provider Comparison

Compare 50+ RTOs on price, support, and outcomes

Units Breakdown

Explore all 12 core units and assessments

Licensing Requirements

Understand ASIC ACL process and aggregator options

FAQs

Get answers to 20+ common questions

Salary Outcomes

Explore earning potential and commission structures

Online vs Classroom

Compare study modes and find your best fit