Assessor Resource

FNSSUP313
Process superannuation fund contributions

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to receive and process superannuation fund contributions and incoming payments for clients, and to confirm that correct funds are allocated to accounts.

The unit applies to those who, within their level of authority, apply specialised organisational and industry knowledge and follow defined procedures to process information and ensure quality standards are maintained.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

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.

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

receive and process superannuation contributions for at least three different clients, including at least one contribution involving a rollover benefit statement (RBS).

In the course of the above, the candidate must:

establish new accounts with different contribution types and sources

receive and process contributions from a range of sources

identify and correct errors, inconsistencies, omissions and incompletions

follow organisational procedures to ensure work is completed accurately.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

organisational policies and procedures relating to processing superannuation fund contributions:

maintaining member details

maintaining privacy and confidentiality of client records

organisation’s quality assurance practices when processing superannuation contributions

eligibility rules for contribution types under superannuation industry legislation

components of superannuation RBS and RBS documentation requirements

types of contributions and their associated required processes

key steps in superannuation benefits payment process.

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

organisational equipment, technology, software and consumables

organisational policies and procedures.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Submission 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)

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.

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

receive and process superannuation contributions for at least three different clients, including at least one contribution involving a rollover benefit statement (RBS).

In the course of the above, the candidate must:

establish new accounts with different contribution types and sources

receive and process contributions from a range of sources

identify and correct errors, inconsistencies, omissions and incompletions

follow organisational procedures to ensure work is completed accurately.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

organisational policies and procedures relating to processing superannuation fund contributions:

maintaining member details

maintaining privacy and confidentiality of client records

organisation’s quality assurance practices when processing superannuation contributions

eligibility rules for contribution types under superannuation industry legislation

components of superannuation RBS and RBS documentation requirements

types of contributions and their associated required processes

key steps in superannuation benefits payment process.

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

organisational equipment, technology, software and consumables

organisational policies and procedures.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
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
Establish new accounts where required and check for eligibility 
Identify and record contribution types and sources according to organisational policies and procedures, and check for potential errors 
Issue contribution receipt according to regulatory requirements and organisational policies and procedures 
Reconcile contributions received according to organisational policies and procedures 
File documentation and prepare payments to be processed according to organisational policies and procedures 
Identify errors in contributions according to organisational quality assurance practices 
Return documentation to required stakeholders and seek information required to rectify errors and omissions as required and within limits of own responsibility 
Send employer contribution reminders as required and according to organisational policies and procedures 
Take action regarding incomplete and incorrect contributions according to organisational policies and procedures 
Reconcile incomplete or incorrect contributions, and process according to organisational policies and procedures when required information is obtained 
Allocate contributions according to member requirements 
Complete processing according to organisational policies and procedures 
Implement system and process checks and identify any irregularities 
Correct irregularities or escalate to required personnel 
Maintain member details according to organisational requirements 

Forms

Assessment Cover Sheet

FNSSUP313 - Process superannuation fund contributions
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

FNSSUP313 - Process superannuation fund contributions

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: