This unit describes the skills and knowledge required to implement and confirm investment instructions from fund members. The unit encompasses determining and documenting member investment instructions, implementing member instructions and confirming investment arrangements with the member and the fund.

It applies to individuals who, within their level of authority, apply specialised organisational knowledge and follow defined procedures to process and update information.

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 the relevant regulator 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)

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT	PERFORMANCE CRITERIA
Elements describe the essential outcomes.	Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Determine and document member investment instructions	1.1 Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority 1.2 Clarify instructions with members when necessary and check they are in accordance with trust deed
2. Implement member instructions	2.1 Implement instructions without amendment or interpretation according to company procedures 2.2 Fulfil requirements according to company procedures and within required timeframes 2.3 Accurately maintain all investment documentation according to company procedures
3. Confirm investment arrangements with member	3.1 Confirm and document member investment instructions 3.2 Prepare regular reports on investments in accordance with instructions and relevant legislative requirements 3.3 Communicate change or amendment of member instructions according to organisational procedures

Evidence of the ability to:

determine and document member instructions

implement member instructions

confirm investment arrangements with member

prepare relevant reports and documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

explain how to source information about product terms and conditions

describe the key features of company policy, procedures, guidelines and authorities

outline the key features of superannuation fund structures

describe the key features of legislative requirements

explain a range of investment and finance terminology

outline the key features of computerised superannuation systems and procedures.

Gather evidence to demonstrate consistent performance in Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the superannuation field of work and include access to:

common office equipment, technology, software and consumables

financial services product information

workplace policy and procedures.

Assessors must satisfy NVR/AQTF assessor requirements.

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT	PERFORMANCE CRITERIA
Elements describe the essential outcomes.	Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Determine and document member investment instructions	1.1 Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority 1.2 Clarify instructions with members when necessary and check they are in accordance with trust deed
2. Implement member instructions	2.1 Implement instructions without amendment or interpretation according to company procedures 2.2 Fulfil requirements according to company procedures and within required timeframes 2.3 Accurately maintain all investment documentation according to company procedures
3. Confirm investment arrangements with member	3.1 Confirm and document member investment instructions 3.2 Prepare regular reports on investments in accordance with instructions and relevant legislative requirements 3.3 Communicate change or amendment of member instructions according to organisational procedures

Evidence of the ability to:

determine and document member instructions

implement member instructions

confirm investment arrangements with member

prepare relevant reports and documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

explain how to source information about product terms and conditions

describe the key features of company policy, procedures, guidelines and authorities

outline the key features of superannuation fund structures

describe the key features of legislative requirements

explain a range of investment and finance terminology

outline the key features of computerised superannuation systems and procedures.

Gather evidence to demonstrate consistent performance in Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the superannuation field of work and include access to:

common office equipment, technology, software and consumables

financial services product information

workplace policy and procedures.

Assessors must satisfy NVR/AQTF assessor requirements.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice	Yes	No	Comments/feedback
Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority
Clarify instructions with members when necessary and check they are in accordance with trust deed
Implement instructions without amendment or interpretation according to company procedures
Fulfil requirements according to company procedures and within required timeframes
Accurately maintain all investment documentation according to company procedures
Confirm and document member investment instructions
Prepare regular reports on investments in accordance with instructions and relevant legislative requirements
Communicate change or amendment of member instructions according to organisational procedures

Assessment Cover Sheet

FNSSUP305 - Implement member investment instructions

Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSSUP305 - Implement member investment instructions

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: