Minister for Financial Services Joe Hockey committed government assistance to develop financial services education training today, with funding granted to theSecurities Institute’sonline learning project.
The Australian Stock Exchange’s application for $1.15 million in funding from the Securities Industry Development Account (SIDA) was approved by Hockey, who recognised the necessity of better training to continue improving industry standards.
“You cannot separate industry education from industry performance, but it takes commitment and energy to make world class education a reality,” Hockey says.
“Providing groundbreaking education will not only position Australia as a ‘best of breed’ education provider in the region, but will produce a skilled and sought after regional workforce. But achieving this depends on government and industry working together and putting great ideas into action.”
The funding will allow the Securities Institute to take its online learning modules, which were originally developed in 1999 and officially launched mid September, to the next stage.
Securities Institute managing director Penny Le Couteur says the next step will involve the development of customised learning solutions for individual students and organisations.
“It will profoundly alter the way we offer education, making it more responsive and relevant,” she says.
The SIDA funds will also mean more frequent updates of relevant information will be provided to the regional finance industry.
