Financial Brokers nec – ANZSCO 222199
- Description
- This occupation group covers Financial Brokers not elsewhere classified. Registration or licensing may be required.
- Skill Level
- 2
- Specialisations
-
- Investment Broker
-
Skills Assessment Requirement
Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.
Skills Assessment authority for Finance Brokers nec is Vocational Education and Training Assess (VETASSESS). To have a positive skills assessment, you must meet the following criteria:
- Three pathways for skills assessment by VETASSESS
- Pathway A – Qualification(s) assessed at least AQF Diploma level with a highly relevant field of study and at least one year of post qualification highly relevant employment at an appropriate skill level in the last five years
- Pathway B – Qualification(s) assessed at least AQF Diploma level with an additional qualification at least AQF Certificate IV in a highly relevant field of study and at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years
- Pathway C – Qualification(s) assessed at least AQF Diploma level without a highly relevant field of study and at least two years of post-qualification highly relevant employment at an appropriate skill level in the last five years
- Applicants must meet both the qualification and employment requirements to obtain a positive skills assessment
- Note: The Applicant should include a cover letter justifying why the occupation is not elsewhere classified
Potential Visa Pathways for Finance Brokers nec
ANZSCO Occupation Skills Assessment 189 190 485 491 (State) 491 (Family) 186 (Direct) 407 (Training) 494 (regional Sponsored) 482 (TSS Short Term) 222199 Finance Broker nec VETASSESS x √ x √ x x √ √ √ Group: 2221 Financial Brokers
- Three pathways for skills assessment by VETASSESS
- Description
- operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.
- 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
- 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.
- Occupations in this Group
-
- 222111 Commodities Trader
- 222112 Finance Broker
- 222113 Insurance Broker
- 222199 Financial Brokers nec
Subclass 190 visa– Skilled Nominated Visa & Subclass 491 visa – Skilled Work Regional (Provisional) Visa
To apply for visa subclass 190 and visa subclass 491, you need to have a nomination from the state/territory government where you want to live and work. Each State and Territory have individual requirements that must be met in order to receive nomination. (See below)
While the 190 visa is a permanent visa, subclass 491 visa gives you right to live and work in regional Australia for 5 years with a pathway to permanent residency through the subclass 191 visa.
Another difference between the 190 and 491 visa is that you can only apply for visa subclass 491 if you are living and working in regional areas in Australia, while it is not a requirement if you are applying for the 190 visa.
In summary, to be eligible for 190 visa, you need to meet the following criteria:
Immigration Points
Must score at least 65 points, or higher points if the state or territory requires.
English
Must have at least Competent English, i.e., IELTS 6.0 or equivalent, or higher if the state or territory requires.
Age
Must be under 45 years of age.
be invited
Must lodge an EOI and be invited by the state or territory and then apply for the visa.
Skills assessment
Must have positive skills assessment. Each occupation has a specific assessing authority.
HEALTH AND CHARACTER
Must meet health and character requirements.
To check if the state/ territory government requirements for your occupation, refer to the following links
State/ Territory |
Links to requirements |
| New South Wales |
|
| Victoria | |
| South Australia | |
| Western Australia | |
| Northern Territory | |
| Australian Capital Territory (ACT) | |
| Tasmania | |
| Queensland |
407 Training Visa
The 407 visa a short stay visa for individuals to participate in occupational training or professional development in Australia. This visa is generally valid to stay in Australia for 2 years. Please note this visa is subject to condition 8102 which forbids work apart from the training that is specified in the visa application. You are also required to maintain health insurance whilst in Australia.
To be eligible for visa 407, you need to meet the following criteria:
GTE
You must prove that you genuinely stay in Australia for training and will depart when you complete the training.
English Level
Must have Functional English, i.e. IELTS overall 4.5 with no band less than 4, or equivalent.
Age
Must be over 18 years old.
Be Sponsored
You must be sponsored by an approved temporary activities sponsor – Can be an employer or a commonwealth agency
HEALTH INSURANCE
Must hold valid private health insurance.
Health and Character
Must meet health and character requirements.
Subclass 494 visa – Skilled Sponsored Regional (Provisional) visa
You can apply for subclass 494 if you have a regional employer who is willing to sponsor you. To be eligible for this visa, you must have at least 3 years of working experience in your nominated occupation and have a relevant skills assessment. With this visa, there is a requirement that you must work for the employer who is sponsoring you.
This visa provides pathway to permanent residency through the 191 visa.
Experience
At least 3 years full-time work experience in the nominated occupation.
English
Must have at least Competent English, i.e., IELTS 6.0 or equivalent.
Be Sponsored
Must be sponsored by an Australian regional employer.
Skills assessment
Must have a positive skills assessment.
Location
Must live and work in regional areas in Australia.
482 SID visa – Skills in Demand visa (Specialist Skills Pathway)
The Subclass 482 SID visa (Specialist Skills Pathway) that requires a sponsorship from an Australian employer. The Specialist Skills stream allows to your live and work in Australia for up to 4 years each time you are granted this visa. You may apply for the Specialist Skills pathway SID 482 visa if you have an occupation on this list, and as long as the employer is willing to sponsor you. The SID 482 visa has a path to permanent residency through the 186 visa.
Experience
At least 1 year work experience in the nominated occupation.
English Level
Must have IELTS atleast 5.0 with no band less than 4.5.
Age
There is no age requirement for this visa.
Be Sponsored
Must be sponsored by an Australian employer.
Skills assessment
Generally not required unless on this list.
Health and Character
Must meet health and character requirements.
Job Outlook
Book a consultation with our Registered Migration Agents in Melbourne to find out more about your visa options and your path to Australian permanent residency or applying for citizenship.
