Assessor Resource

FNSSUP315
Implement superannuation fund member investment instructions

Assessment tool

Version 1.0
Issue Date: May 2024


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

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

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:

record, confirm and implement member investment instructions for at least three different superannuation fund members.

In the course of the above, the candidate must:

prepare a report and other required documentation relating to the instructions implemented for each of the above members.

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:

legislative requirements relating to implementing superannuation fund member investment instructions

organisational policies, procedures, guidelines and authorities relating to implementing superannuation fund member investment instructions, including for:

recording instructions

preparing required reports

terms of the trust deed relating to member investment instructions

methods to receive member investment instructions, including via authorised forms and verbal authority

procedures for sourcing information about superannuation product terms and conditions

key components of superannuation fund structures

investment and finance terminology relating to superannuation funds

computerised superannuation systems and procedures.

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

financial services product information

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:

record, confirm and implement member investment instructions for at least three different superannuation fund members.

In the course of the above, the candidate must:

prepare a report and other required documentation relating to the instructions implemented for each of the above members.

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:

legislative requirements relating to implementing superannuation fund member investment instructions

organisational policies, procedures, guidelines and authorities relating to implementing superannuation fund member investment instructions, including for:

recording instructions

preparing required reports

terms of the trust deed relating to member investment instructions

methods to receive member investment instructions, including via authorised forms and verbal authority

procedures for sourcing information about superannuation product terms and conditions

key components of superannuation fund structures

investment and finance terminology relating to superannuation funds

computerised superannuation systems and procedures.

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

financial services product information

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
Receive and record member investment instructions according to organisational procedures 
Clarify investment instructions with member where required 
Confirm member investment instructions are in accordance with the trust deed 
Implement instructions according to organisational policies and procedures 
Maintain investment documentation according to organisational policies and procedures 
Confirm completed investment arrangements with member 
Prepare reports on investments according to member instructions and legislative requirements 
Communicate change of member instructions according to organisational procedures 

Forms

Assessment Cover Sheet

FNSSUP315 - Implement superannuation fund 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

FNSSUP315 - Implement superannuation fund 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: