Training and development requirements

Key Points

  • Members can use Institute resources, their own resources, other organisations or a combination to meet Training & Development requirements
  • It is the responsibility of members to judge whether an activity was personally or professionally developing
  • Specialists must allocate 40% of the minimum Training and Development requirements to each specialty area.

Unless exempted under the Regulations, all members are required to undertake at least the prescribed level of Training and Development activities each year. Details of the requirements, the types of activities that satisfy these obligations and the grounds for exemption are set out in Regulation 7.

For members who hold statutory registrations or practice in specialty areas, our Certificate of Public Practice may be required. For these members additional training requirements are in place. Refer to our CPE Obligations Overview document for CPP holders.

A podcast is also available which sets out the Training and Development requirements.

Many means of meeting Training and Development requirements are available. Members may use the resources of the Institute, their own resources, those of other organisations, or many prefer some combination. There is a great deal of flexibility in how to achieve Training and Development requirements.

It is the responsibility of each member to interpret an activity and to judge whether the activity resulted in personal and professional development.

Members required to undertake Training and Development must maintain a personal record of their activity to enable them to comply with the reporting requirements in Regulation 1004. The Training and Development record form can be downloaded and used for this purpose.

sample Training and Development record form is available for reference.

Alternatively, members can update the education component of their membership record via the Institute website. Update your education history and enter your training and development hours in the myLearning section of myAccount.

Training and Development requirements are broader if members are licensed or registered in a specialist area, as outlined in Regulation 1002. Members are required to allocate 40% of the total minimum Training & Development hours to their specialisation.

The Training & Development records of members holding a full-rate Certificate of Public Practice are checked at the time their practice is reviewed under the Quality Review program.

A random selection of other members are requested to forward details of their Training and Development activities to the Institute during the annual Training and Development Audit.

Find out how the Training and Development Audit process works.

Any member who fails to comply with the reporting requirements for two consecutive years may be excluded from membership of the Institute in accordance with By-law 21 (c).

For further information please contact the Service Centre on 1300 137 322 or email service@charteredaccountants.com.au

Article last updated 20 November 2014