To apply for RPL you must meet the following eligibility criteria;  

• Be working in a client facing lending role for the past two years as a credit representative of a lending or broking firm. (Exceptions may be made for those who are dealing with third party brokers and have previous client facing lending experience or those who have had 18 months as an active broker, and have previously been working in a broking support role).
  
• Provide testimonials from two different people you have built professional relationships with – one from a financial services professional and one from a third-party referrer (i.e. accountant, financial planner, builder, agent).
• Be able to provide third party statements from a qualified person who has known you professionally for the past two years, and can attest to your knowledge and experience.
• Be able to provide a continuous professional development (CPD) statement outlining your learning activities for the past twelve months.
• Actively prospect for new clients.

Additional requirement for the FNS50322 Diploma of Finance and Mortgage Broking Management  

• Must have a sound knowledge of complex lending across a range of complex structures and/or securities i.e company, multiple securities/debts, equipment, commercial, business, investor, development, trust, and guarantee.