A finance broker operates as an independent agent in the course of financial negotiations and arranges loans of money on behalf of clients. Registration or licensing is required in Australia. Finance broker is a Skill Level 2 occupation.
Finance Broker Occupation Lists
This occupation is on the following skill lists:
This occupation is not on the following skills list:
Group: 2221 Financial Brokers
The job of a finance broker in Australia is to operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.
Most occupations in the finance broker unit group (Group 2221) have a level of skill commensurate with the qualifications and experience outlined below.
AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)
In New Zealand:
NZ Register Diploma (ANZSCO Skill Level 2)
At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.
Registration or licensing in Australia may be required as a finance broker.
Occupations within the Finance Broker Group
Note: Whilst a similar occupation may appear in the same finance broker group, if not specifically listed in the STSOL or MLTSSL the ANZSCO description should be used for reference purposes only.
Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.
Information regarding the International English Testing System (IELTS)
The average salary for a Finance Broker in Australia is $ 92,657 for male employees and $ 64,956 for female employees per year. Average Age: Males: 39.0 Females: 45.1 Persons: 40.7
Source: www.abs.gov.au (Group 2221) Financial brokers - Employee Earnings and Hours, Australia, May 2016
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