What is Recognition of Prior Learning?
Recognition of Prior Learning (RPL) is the process of providing credit for previously completed qualifications, work experience and life experience. Prior learning is evaluated and compared with the requirements of the Institute's course modules to determine what credit/s may be granted.
Applications can be made for RPL based on Relevant Professional Experience and RPL by Mutual Recognition.
RPL based on Relevant Professional Experience
ANZIIF's skills recognition solution (RPL) is a way of recognising the value of the skills and information you have acquired through training, paid employment, voluntary positions and general life experience.
If you can show that your skills and knowledge match those in a qualification, you save time and money and complete a module or qualification without having to repeat training and be assessed for competencies you already have by providing a portfolio of supporting evidence.
A portfolio may include supervisor testimonials, proof of professional development, work-based documents and third party reports which demonstrate how your experience matches the competencies of Institute modules.
Please note that RPL cannot be provided for modules which contain ASIC competencies for both Tier 1 and Tier 2 compliance.
RPL- Skills Recognition (at least five years in a relevant insurance/financial services organisation)
This option applies to those seeking RPL for an entire qualification, according to the packaging rules of the Australian Qualification Training Framework.
Certificate IV - A$1,300, NZ$1,435
Diploma - A$1,515, NZ$1,655
RPL per Module
If you don’t have 5 years experience in the Insurance/Finance Services Industry; you may have an area of expertise, and wish to seek RPL for a particular module/s. For example; you have worked in a claims role for 2 years, so you can seek RPL for the claims module and enrol in the remaining modules of the qualification.
RPL Mutual Recognition
If you have completed all or part of an Australian Qualifications Training Framework (AQTF) qualification awarded by another Registered Training Organisation and it can be shown to be the same or similar to an Institute module or qualification, you can receive credit into the Institute qualification through RPL Mutual Recognition.
The easiest way to establish whether your previous studies are similar or identical to an Institute course is to establish if it contains the same national competencies. Competency standards are used to describe the skills and knowledge needed to perform effectively in the workplace and are listed on your official Statement of Attainment issued by your course provider (RTO). A list of the competencies covered by Institute modules is available on the Institute website for comparison. You should then submit an application form (RPL Mutual Recognition) with a certified copy of the Statement of Attainment.
Some Institute modules are listed on the ASIC Training Register as being approved to confer ASIC RG 146 compliance competencies at the relevant level. RPL for these modules can only be granted if the AQTF course/module that you have completed is also listed on the ASIC Training Register as fulfilling relevant compliance requirements.
RPL Mutual Recognition incurs a non-refundable administration fee of $105.
For further information on Recognition of Prior Learning and for international and emerging market rates, please contact Karena Miller, RPL Assistant on (+61 3) 9613 7213 or email email@example.com