Continuing Professional Development and you - Settlement industry bulletin issue 112

This publication is for: 
Licence holdersProperty industry

November 2023

In this bulletin:

  • Continuing Professional Development 2023 due date fast approaching - Reminder to complete your Continuing Professional Development points for 2023.
  • Continuing Professional Development review report released - Outcome of industry consultation.

Continuing Professional Development 2023 due date fast approaching!

With the 31 December deadline around the corner, you should be at least 75 per cent of the way to reaching your required six points for Continuing Professional Development (CPD) in 2023.

Alarmingly, this isn’t the case with our records showing many agents have yet to complete any CPD points for the 2023 calendar year, namely:

  • 33 per cent of settlement agents; and
  • 100 per cent of business settlement agents.

But you can turn things around if you act now to complete your 2023 CPD obligations during the last eight weeks of the year.

More information about the CPD program including the available topics is available on our CPD activities – settlement agents webpage.

If you have any specific queries relating to your CPD obligations, please contact our CPD team by emailing or calling 1300 30 40 54.

Continuing Professional Development review report released

The Continuing Professional Development (CPD) review report is now available to read online.

Earlier this year, Consumer Protection undertook a comprehensive industry consultation on CPD, which revealed widespread support for continuing the mandatory program but with certain changes to ensure the program is sustainable.

Under the Western Australian Government proposal, Consumer Protection will continue to support CPD, but no longer directly administer the delivery of the program. Instead, property industry licensees will be required to self-fund their own CPD activities as occurs in other industries.

Currently, settlement agents are required to accumulate six points from a combination of mandatory and elective training activities each year. Under proposed changes, the number of points required would be reduced becoming five points annually for settlement agents.

A 24-month transition period is proposed from January 2024 to allow sufficient time for industry participants to adjust to self-funding and make changes to their CPD activities to accommodate the new requirements.

If you have any queries about the survey or consultation paper, please email our Consultations team.

Consumer Protection
Last updated 20 Nov 2023

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