Finance Sector

The Financial Services Training Package includes skills standards in financial literacy that apply to all enterprises and individuals and to people working within the financial services industry. The finance industry is a major driver of Australia's strong economy, with more than $18 billion net flowing through the sector annually.

The financial services industry has undergone considerable change in recent years due to financial deregulation, globalisation, new technologies and the emergence of new markets and new products.  In some areas of the industry increasing government regulation will heighten the need for relevant high quality staff training and skill development in the years to come.

The financial services industry includes the following sectoral specialist areas:

• Accounting;
• Financial planning;
• General insurance;
• Self managed superannuation;
• Workers compensation;
• Finance mortgage broking;
• Risk management;
• Personal trustees;
• Conveyancing;
• Banking;
• Compliance;
• Credit/Lending services;
• Debt management;
• Financial literacy;
• Financial markets;
• Insurance broking;
• Insurance services;
• Life distribution;
• Life insurance;
• Loss adjusting;
• Mercantile agents;
• Practice management;
• Retail; and
• Superannuation.