14FContinuing professional development obligations

14F Continuing professional development obligations (1) An accredited person must comply with any continuing professional development obligations specified in the ESC guidelines for the purposes of this section within— (a) the period 30 March of the year of accreditation to 29 March next following; or (b) any other period specified in the guidelines. (2) CPD obligations imposed under subsection (1) may relate to an accredited person who is accredited to undertake— (a) a prescribed activity; or (b) a class of prescribed activity. (3) The ESC, by written notice, may at any time request an accredited person to provide within a period (not less than 14 days) specified in the notice any information in relation to the person's compliance with CPD obligations within a particular period. S. 14FA inserted by No. 15/2025 s. 34. 14FA Training and competency requirements for scheme participants (1) A scheme participant must not undertake a prescribed activity or any part of a prescribed activity on behalf of an accredited person unless the scheme participant has— (a) complied with any training and competency requirements specified in the ESC guidelines; and (b) provided evidence of that compliance to the accredited person. (2) A scheme participant must not undertake a regulated action on behalf of an accredited person unless the scheme participant has— (a) complied with any training and competency requirements specified in the ESC guidelines; and (b) provided evidence of that compliance to the accredited person. (3) A scheme participant must not provide information to an accredited person that purports to be evidence of the scheme participant's compliance with any training and competency requirements specified in the ESC guidelines and that the scheme participant knows to be false or misleading in a material particular. Penalty: In the case of a natural person, 30 penalty units; In the case of a body corporate, 120 penalty units. (4) A scheme participant must not provide information to an accredited person that purports to be evidence of the scheme participant's compliance with any training and competency requirements specified in the ESC guidelines and that is false or misleading in a material particular. (5) The ESC, by written notice, may require a scheme participant to provide to the ESC, within 14 days or any longer period specified in the notice, any information or evidence relating to the scheme participant's compliance with any training and competency requirements specified in the ESC guidelines. S. 14G inserted by No. 34/2022 s. 35.