The National Finance Institute recognises the skills and knowledge that you have gained through work experience and/or past study.
Applicants are given the opportunity to have their existing competencies and
experience recognised. There are two methods by which The National Finance Institute grants recognition of prior learning
for the Cert IV and for the Diploma qualifications:
RPL by Portfolio
Demonstrated competence in the subject material through documented evidence of workplace experience, skills and knowledge.
Mortgage brokers who have more than two (2) years industry experience may be eligible for RPL by Portfolio. This option requires you to submit a portfolio containing evidence of work history, training, skills and knowledge to be assessed against the competencies required for the relevant NFI course.
This is typically in the form of a complete CV plus a sample of a client deal you have
completed unsupervised, from start to finish.
If you have completed a non-accredited training course in the subject material (i.e. through a non-RTO training provider),
or if you have industry experience only, you will need to have your competence recognised through RPL by Portfolio.
The RPL Application form is available by calling NFI on 1300 765 400 or
you can click on the red button link and the pdf which opens will explain the procedure.
If you prefer, you can request to receive
it by email
The form provides details about applying for RPL by Portfolio,
the fee and specific documentation requirements.
This is the most common form of applying for Recognition of Prior Learning for
the Certificate IV and Upgrade Diploma qualifications. The fee is now $595 per qualification (incl GST) or $795 for both
the FNS40811 and FNS50311 certificates. Group discounts may apply.
RPL by Credit Transfer is the completion of another recognised RTO training course in the subject material of the relevant course.
The National Finance Institute grants RPL by Credit Transfer for courses completed through other training providers. If you believe your previous studies contained similar content coverage to your intended course enrolment with NFI, then you can apply to have credit transferred for all or part of the NFI course. The course being used for credit transfer must have been completed within the past five (5) years and clearly match the content of the course and/or modules for which the RPL by Credit Transfer is to apply.
To obtain RPL by Credit Transfer, you will need to obtain a credit transfer application
form from Client Services on 1300 765 400 or email email@example.com.