NZ to launch national financial services standards
Qualification recognition in Australia
By
Wouter Klijn Mon 28 Jul 2008
New Zealand will introduce a national financial services qualification for advisers, designed to be recognised in Australia.
The New Zealand Qualification Authority (NZQA) has approved a national qualification for the provision of financial services, the New Zealand Government announced late last week.
The Level 4 qualification is likely to be recognised in Australia, New Zealand Commerce Minister Lianne Dalziel said.
"These qualifications are being designed to have equivalence to the Australian financial services national certificates and Australia has an agreement with NZQA that allows mutual recognition of each country's qualifications," Dalziel said.
The new standards have been developed by industry training organisation ETITO and will form the first national qualification for the financial services sector in New Zealand.
"This is a significant step in the government's efforts to improve the competence, accountability and disclosure requirements of financial advisers," Dalziel said.
The organisation is now developing courses and an assessment system, scheduled to be available through accredited providers early in 2009.
Further details of the qualification will be online at www.nzqa.govt.nz from August 12, 2008.
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