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Case for Change
The objective of this project is to determine the suitability of existing training in business ethics and conduct in financial markets and the financial services industry.
The Case for Change for this project was established as a result of initial research and consultations outlined in the Financial Services (FNS) 4 Year Work Plan. PwC’s Skills for Australia prepared the Case for Change for this project on behalf of the Financial Services Industry Reference Committee (FNS IRC) and submitted it to the Australian Industry and Skills Committee (AISC) in October 2016.
The AISC endorsed this project on 17th November 2016.
On behalf of the FNS IRC, PwC’s Skills for Australia carried out industry consultations for this project from January – June 2017. Consultation focused on identifying the key changes to training products required to more closely align training in business ethics and conduct with the skills needs of industry.
Download the file below for a summary of the feedback we received, and our key findings based on that feedback.
Following the FNS IRC’s review of our key findings from consultation and the recommendations we proposed for changes to training products, we developed draft training products to address skills gaps in accounting and bookkeeping training.
These draft training products were published for a final round of consultation in early September. We are now reviewing this feedback and amending draft training products where possible.1
Training Product Development
The Business Ethics and Conduct project includes the following training products:
The consultation period for feedback on draft training products has now closed.
These training products were independently validated by the Quality Assurance Panel, before we developed a Case for Endorsement for approval by the FNS IRC. This draft Case for Endorsement was submitted to the AISC for consideration at the December meeting.
The Case for Endorsement for Business Ethics and Conduct was approved by the AISC in December 2017.
Resulting changes to the Training Package can be viewed in the Case for Endorsement document below.
These changes are now reflected on the Training.gov.au website.
For updates on the Training Package, please subscribe to our mailing list.