FNS51220DiplomaCurrentFNS training package

FNS51220 Diploma of Insurance Broking

FNS51220 is the nationally recognised Diploma behind insurance broker work. It has been the current version on the national register since 2020, when it replaced FNS51215. About 220 insurance broker jobs were advertised in June 2026, down 9% on a year earlier.

Register data synced 18 Sept 2026 from training.gov.au
Online job ads · June 2026
220last month
Insurance broker roles advertised across Australia
Down on a year earlier
Long-term outlook
Mixed
One structural signal up; current job ads down
Register status
Current
Replaced FNS51215 in 2020
Enrolments
Steady
Down 0.9% in a year
Funding status
Verification pending
Checked against official state program lists
The short answer

The signals behind the Diploma of Insurance Broking are mixed, and both sides are worth weighing. Employment is projected to grow through 2035. Job ads in June 2026 were down 9% on a year earlier and the official shortage list does not rate its occupations in shortage. These are official statistics, not a promise about your result.

Jobs and Skills Australia

Is the work there?

Employers are posting fewer insurance broker jobs than a year ago. About 220 insurance broker jobs were advertised online in June 2026, down 9% on a year earlier. Over the last 12 months there were about 3,000 job ads, while 575 people were training in the qualification nationally (2025). Ads show the market. Enrolments show the pipeline. Neither is a job promise.

Jobs and Skills Australia, Internet Vacancy Index · latest month June 2026 · ANZSCO 2221
220
Combined monthly online job ads across Insurance Broker, to June 2026

Official shortage list

Australia's official shortage list rates commodities traders, finance brokers, insurance brokers and financial brokers necs as not in shortage. The 2025 Occupation Shortage List rates Commodities Trader, Finance Broker, Insurance Broker and Financial Brokers nec as not in shortage.

Jobs and Skills Australia, Occupation Shortage List · 2025 assessment

Ten year outlook

Insurance broker jobs are projected to grow. Jobs and Skills Australia projections put these occupations at 50,642 workers in May 2025, 53,684 by May 2030 (up 6%) and 57,048 by May 2035 (up 12.6%).

50,642
workers, May 2025
53,684
workers, May 2030
57,048
workers, May 2035
Jobs and Skills Australia employment projections · May 2025 to May 2035
Occupation mapping by Get Course, shown with ANZSCO codes so it can be checked.
NCVER Total VET Activity

Who is training

Enrolments in the Diploma of Insurance Broking are steady. Across Australia, 580 people enrolled in 2024. In 2025 it was 575, down 0.9% in a year. National data for FNS51220 starts in 2021.

NCVER Total VET Activity · 2025 collection
training.gov.au · Australian Qualifications Framework

What does studying it involve?

The register and the national framework set some of this. Providers set the rest.

How long it takes
A Diploma is typically 1 to 2 years of full-time study under the Australian Qualifications Framework. Providers set the exact length and pace.
Delivery
Providers set the delivery mode.
Credit for experience
Recognition of prior learning applies to FNS51220 like any qualification on the national register: an approved provider assesses your evidence against each unit.
training.gov.au national register; Australian Qualifications Framework.
State subsidised training lists

What does it cost, and who funds it?

State funding for FNS51220 is being verified against official program lists.

Eligibility and student contributions vary by program and provider. The official state listing is the source of truth. In a subsidised place the government pays most of the tuition and you pay a co-contribution set by the program and provider.

Official state subsidised training program lists, verified per state. Full-fee prices will appear here as partner courses are listed.
training.gov.au · unit packaging

What is in the qualification

The Diploma of Insurance Broking is 11 units: 7 core, plus 4 electives chosen from 24 options on the register. One unit has prerequisites, marked below.

  • FNSASICY513Provide advice in insurance broking (has prerequisites)
  • FNSIBK415Meet compliance requirements relating to insurance broking
  • FNSIBK416Deliver insurance broking services
  • FNSIBK518Implement changes to insurance programs of broking clients
  • FNSIBK523Prepare submissions for new insurance broking business
  • FNSIBK524Manage complex risk portfolios for insurance broking clients
View all 7 core units
  • FNSISV408Manage handling and settlement of routine insurance claims for retail clients
View the 24 elective options
  • BSBAUD516Develop and monitor processes for the management of breaches in compliance requirements
  • BSBFIN501Manage budgets and financial plans
  • BSBINS401Analyse and present research information
  • BSBLDR522Manage people performance
  • BSBMKG541Identify and evaluate marketing opportunities
  • BSBMKG543Plan and interpret market research
  • BSBOPS502Manage business operational plans
  • BSBOPS504Manage business risk
  • BSBOPS505Manage organisational customer service
  • BSBPEF501Manage personal and professional development
  • BSBSTR502Facilitate continuous improvement
  • BSBTWK502Manage team effectiveness
  • FNSCUS504Manage premium customer relationships
  • FNSIBK517Review insurance broking service performance
  • FNSIBK522Negotiate complex claims settlement for insurance broking clients
  • FNSIBK525Monitor insurance broking client programs
  • FNSINC412Apply and maintain knowledge of financial products and services
  • FNSINC513Identify and apply complex ethical decision making to workplace situations
  • FNSINC514Apply ethical frameworks and principles to make and act upon decisions
  • FNSINC612Interpret and use financial statistics and tools
  • FNSISV405Analyse insurance claims
  • FNSRSK511Undertake risk identification
  • FNSRSK512Assess risks
  • FNSSAM521Apply advanced techniques to provide financial products and services
training.gov.au national register, FNS51220 release 5
Same training package

What skill sets come from the FNS training package?

Business Ethics and Conduct Skill Set
FNSSS00013 · skill set guide
Accounting Principles Skill Set
FNSSS00014 · skill set guide
BAS Agent Registration Skill Set
FNSSS00004 · skill set guide
Commercial Law for Tax Agents Skill Set
FNSSS00005 · skill set guide
Commercial Law for Tax (Financial) Advisers Skill Set
FNSSS00006 · skill set guide
Payroll Administrator Skill Set
FNSSS00012 · skill set guide
Where to study

Where can I study FNS51220?

No Get Course partner currently lists this qualification. Check the national register for organisations approved to deliver it, and remember that approval to deliver is a regulatory fact, not a recommendation. You can browse live courses from our partners and enquire today.

Browse courses
How we calculate these figures

Get Course maps FNS51220 to its occupations using the register’s own outcome wording, shown with ANZSCO codes (here, 2221) so the mapping can be checked. Job advertisement counts come from the Jobs and Skills Australia Internet Vacancy Index and count online ads, not vacancies filled. Enrolment counts come from NCVER Total VET Activity and count people in training, not completions. Funding rows appear only after verification against the official state program list. Source vintages: register training.gov.au, synced 16 September 2026; Occupation Shortage List 2025 assessment; employment projections May 2025 to May 2035 release; NCVER Total VET Activity 2025 collection; Jobs and Skills Australia Internet Vacancy Index latest month June 2026; register synced 18 Sept 2026. Page last updated 19 Sept 2026.

About this page. Every number on this page shows its source and date. Register data synced 18 Sept 2026 from training.gov.au. Compiled by Get Course from public data sources. It is not provided or endorsed by any training organisation, and nothing here is advice about your individual situation. Statistics describe groups; your result depends on you. If you represent a training organisation and want to correct or add to this page, contact hello@getcourse.com.au.