MFAA details SMSF lending program
In the lead-up to the launch next week, the Mortgage and Finance Association of Australia (MFAA) has provided further details on its self-managed superannuation fund (SMSF) lending training program for credit advisers.
The training will specifically revolve around an adviser's role in setting up limited recourse borrowing arrangements, providing advisers with an initial 10 hours of online modules and assessments pertaining to SMSF basics, the MFAA stated.
Two more extensive programs include up to 30 hours of online modules, exercises, assessments and workshops, culminating in a MFAA Credit Adviser (SMSF) Accreditation.
Chief executive Phil Naylor said the programs are designed to extend the scope of a credit adviser's service offering amid the growing sector of SMSF lending.
The training programs are set to commence from June 3.
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