State/Territory Eligibility Summary Table

State/Territory Eligibility Details

222199: Financial Brokers nec

Description

This occupation group covers Financial Brokers not elsewhere classified. Registration or licensing may be required.

Skill Level 2

Occupations at Skill Level 2 have a level of skill commensurate with one of the following:

- NZ Register Diploma or
- AQF Associate Degree, Advanced Diploma or Diploma.

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.

• Assessing Authority

  VETASSESS: Vocational Education and Training Assessment Services
  	http://www.vetassess.com.au/
  	[email protected]

Occupation in NEC category

• Investment Broker

Not elsewhere classified (nec) categories are used for known, discrete occupations which are not separately identified in ANZSCO Version 1.2 because of their lack of numerical significance in Australia or New Zealand. The occupation titles listed under nec categories are illustrative of the scope and range of occupations included in the nec category.

Unit Group 2221: Financial Brokers

Description

Operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

Indicative Skill Level

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

- In Australia:

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 may be required.

Tasks

• Monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
• Negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
• Determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients' requirements
• Analysing clients' financial status, discussing financial options and developing financial strategies
• Recommending loan combinations that meet clients' needs
• Interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
• Arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
• Preparing documents which set out the conditions of finance, repayments and loan periods
• Identifying and advising on significant risk changes to clients' insurance
• Broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers

Other occupations in this Unit Group

• 222111: Commodities Trader  
• 222112: Finance Broker  
• 222113: Insurance Broker  

• Occupation ceilings program year 2019-2020
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• Average Weekly / Annual Earnings 2018
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Explanatory Notes - Information

Eligibility

The term “may be eligible” relates to general eligibility and should not be misinterpreted as your individual eligibility to apply for a visa. Note that additional specific requirements and criteria also apply to visa eligibility (e.g. higher English requirements, evidences of a job offer, etc).

Definitions

• Occupation List refers to the register of professional occupations which might qualify for an Australian Visa. There are 7 skilled occupation lists in total.
• MLTSSL is the acronym for 'Medium and Long-term Strategic Skills List'.
• STSOL is the acronym for 'Short-term Skilled Occupation List'.
• ROL is the acronym for 'Regional Occupation List'.
• LIN 19/051, LIN 19/048, LIN 19/049, LIN 19/047, LIN 19/050 refer to current Legislative Instruments which list the table of occupations appropriate for the respective visa programmes.
• Caveats / Conditions refer to current caveats applying for a particular occupation under specific visa programmes.

Disclaimer

The information in this website is intended to provide general information in relation to Australia’s General Skilled Migration program and the possible visa options for a particular occupation. Anzscosearch makes no warranty and will not be held liable for any loss or damage, whether direct or consequential in connection with the use of information contained in this website.

While due care has been taken to ensure that the content is kept-up-to-date and correct, the currency and thus accuracy of the information cannot be guaranteed due to the frequent changes in migration law, policy and procedures and related processes.

It is important that you directly check the information published on official websites of the Department of Home Affairs, skills assessment bodies and other government agencies such as a state/territory governments.