2020 Enrolments Closed
Register your interest for the next intake in 2021.
This qualification is on the approved list of courses for Vet Student Loans. Check your eligibility here. To understand your obligations under the VET Student Loans program please see this document here, which includes information on the application process, ongoing student obligations, and how to cease accessing a VSL.
This course is delivered 100% online with in-house educator support available – no classroom attendance is required. *This course requires minimum numbers to proceed.
Help support and advocate for people in financial difficulty
Gain the skills and knowledge required to work as a financial counsellor, supporting people in need within a community legal or community services organisation. Financial counsellors have specialist knowledge of legal remedies and options to manage debt and financial difficulty, working as advocates to empower their clients.
Working within a framework of social justice, financial counselling is a unique blend of counselling and advocacy. Financial counsellors require considerable knowledge in areas of law and policy, including; consumer credit law, bankruptcy, industry hardship policies, government concession frameworks and debt enforcement practices.
This qualification is not related to the work performed by financial planners or financial advisers whose role is to provide clients with strategies to address their investment options and require a financial services licence for their work under the National Consumer Credit Protection Act 2010. This qualification is also not appropriate for financial capability workers.
Separate from the work of financial planners or advisers or therapeutic counsellors, the title of ‘counsellor’ reflects the way in which other issues may interact with financial issues. Psychological issues, which affect individuals, families and groups, such as; gambling, substance abuse, child abuse and mental or physical health problems, require informed responses from financial counsellors and referral to appropriate professional support.
This qualification reflects the role of financial counsellors working in a variety of agencies that meet the requirements for the Australian Securities and Investments Commission (ASIC) exemption from a financial services or credit licence under ASIC class order 10/1063. Financial counsellors work across a variety of metropolitan, rural and remote settings.
Though this course structure does not address the specific learning and assessment requirements for Rural Financial Counsellors, this option is available. Please contact us for further information.
At the Institute, we understand the needs of learners from diverse backgrounds. We know how to support individuals in an engaging learning environment and best tailor education to different styles of learning.
Work Placement Requirements
- Students are required to complete 220 hours of structured workplace learning (on-the-job). While we are unable to guarantee placements, we will assist where we can to help students gain a placement. A current Working with Children check (within the last 12 months) is required before commencing work placement.
To gain entry into CHC51115 Diploma of Financial Counselling it is recommended that candidates have sufficient relevant work experience to indicate likely success at this level of qualification in a job role involving:
- The self-directed application of knowledge with substantial depth in some areas
- The exercise of independent judgement and decision-making
- The application of relevant technical and other skills
All applicants will be required to undertake a suitability interview with the course coordinator.
Upon successful completion of this qualification, participants can be employed as a financial counsellor in a range of organisations and settings, including non-government agencies in community settings across urban, regional and rural sectors.
Tuition Fee: $8000
Prior Recognition of Learning (RPL)
You may be eligible for recognition of prior learning (RPL) for this qualification. Students seeking recognition for all or part of a qualification must first complete the online Recognition Application.
Participants may be eligible to undertake further qualifications at Advanced Diploma or Graduate Diploma level.