CPD Requirements

SMSF Association CPD Requirements

The SMSF Association is committed to fostering and enhancing integrity and professionalism in the SMSF sector as well as encouraging SMSF professionals to achieve excellence in their education, knowledge and skills. The SMSF Association recognises professional development as an integral part of this process. All Associate and Specialist members are required, as a condition of ongoing SMSF Association membership, to achieve minimum levels of CPD points in areas relevant to the provision of advice on SMSFs.

What is a triennium?

A specified period of three years that runs concurrently with our membership year. A new member’s first triennium begins on the 1st of April in the year immediately following the day they joined as a member of the SMSF Association.

triennium-explanation

What are my CPD point requirements in a triennium? 

Membership CategoryMinimum CPD points each trienniumMinimum CPD points each year
Specialist Member12030
Associate Member9020

How can I accrue my CPD points?

external-cpd-policy
Members can accrue both accredited CPD and non-accredited CPD points.
Non-accredited education; 1 hour = 1 CPD point

CPD CategorySources
Accredited- SMSF Associaton education activities (inc. Committee participation)
- SMSF Association accredited external education activities
Non-accredited- Other association education activities
- Other organisation education activities
- Professional reading (sub-limit of 30 hours per triennium)

Examples of complimentary CPD as part of Membership

ActivityPoints per annum available
Regular Specialist Audit Discussion Group12 points
4 x Regs & Legs webinars8 points
Budget update webinars2 points
6 x Technically speaking e-publication6 points
Local Community Committee roleXx points (0.5 points/hour)
Committees (Educ, PSC, NMC, NC)Xx points (0.5 points/hour)
Reading1 point per hour

What knowledge areas contribute to my CPD requirements?

Education and training in the following knowledge areas can contribute towards your CPD requirements provided it is in the context of SMSFs; Ethics, Practice Management, SMSFs, Superannuation, Securities, Managed Investments, General and Life Insurance and Deposit Products.

Download the full SMSF Association CPD Policy here