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CREDIT EDUCATION COURSES Featured
15 November 2014 Posted by 

CREDIT EDUCATION COURSES

Partnership provides programs for professionals

THE Australian Retail Credit Association (ARCA), has announced an industry partnership with Kaplan Professional Australia, a provider of education and training, to develop and deliver credit reporting education programs for industry professionals.

Under the partnership, ARCA and Kaplan will develop online training programs on credit reporting in Australia, which will be available to both ARCA members and non-members.

The first online program will train consumer-facing client advisers, such as mortgage brokers, accountants, financial counsellors and financial planners, on the recent changes to credit reporting and consumers’ new rights and obligations.

This program, based around the award-winning CreditSmart consumer education program, will also cater to call centre staff in financial services organisations.

ARCA CEO Damian Paull said: “We are excited to be engaging directly with industry professionals, many of whom are still coming to terms with how the new credit reporting system can improve their business model, and how it affects their clients.”

“We recognise credit intermediaries, such as mortgage brokers, accountants and financial planners, are often the first advisers to consumers when it comes to credit reporting-related issues. Over time, as the new positive credit reporting information begins to appear in credit reports, more consumers are likely to take a greater interest in their credit report – including their consumer rights. As an industry we felt it was necessary to address this,” Mr Paull said.

The first CreditSmart online program is expected to be available to Kaplan’s 45,000+ students, ARCA Members and other association members in the first quarter of 2015. The courses will offer industry professionals CPD points towards their ongoing professional development requirements.

Following 2012 amendments to the Privacy Act (Cth) 1988, comprehensive credit reporting was enabled in Australia from March this year.



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Western Sydney Business Access (WSBA) covers the business and community issues of the Greater Western Sydney region of Australia. WSBA is the popular media source for connecting with the pulse of the region and tapping into it's vast opportunities and networks.