Assessor Resource
FNSASICQ503
Provide advice in first home saver market linked accounts
Assessment tool
Version 1.0
Issue Date: April 2024
This unit describes the skills and knowledge required to analyse client needs and provide advice ethically and professionally relating to first home saver market linked accounts, in compliance with industry regulations and codes of practice. It addresses the training requirements of current Australian Securities and Investments Commission (ASIC) and Australian financial services (AFS) licensing at Tier 1 level.
It applies to individuals who analyse client needs, provide financial products and service advice to clients, and assess the impacts of taxation on clients’ financial requirements. Discharging these duties requires well-developed interpersonal skills, proficient communication skills and a range of self-management skills.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or ASIC for specific guidance on requirements.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)