Assessor Resource

FNSSUP417
Assess superannuation benefits and insurance claims under special conditions of release

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to assess superannuation benefits and insurance claims made before a client reaches preservation age. Conditions would include claims for death, total and permanent disability (TPD), income protection, terminal illness payment, situations of severe financial hardship, or situations warranting early release on compassionate grounds.

The unit applies to those who use specialised industry knowledge and analytical skills to evaluate and process complex information and data following defined procedures.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.

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:

assess superannuation benefit claim or insurance claim under special conditions of release on at least two occasions.

In the course of the above, for each assessment the candidate must:

review validity of request for payment and evidence provided

determine entitlements according to fund entitlements and organisational authority levels and guidelines

follow payment criteria according to the terms of the trust deed, legislative requirements and organisational policies and procedures.

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 assessing superannuation benefits and insurance claims under special conditions of release

organisational policies, procedures and authority levels for reviewing requests for payment

key aspects of fund entitlements and operating guidelines relating to assessment of superannuation benefits and insurance claims

processes for identifying payment criteria according to relevant trust deeds, legislation and organisational procedures

fund policies and procedures relating to assessment of superannuation benefit and insurance claims, including relevant underwriting frameworks and policies

changes to products and services relating to superannuation benefits and insurance claims, and implications for assessments.

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

trust deed documentation and documentation containing details of fund terms of entitlement

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:

assess superannuation benefit claim or insurance claim under special conditions of release on at least two occasions.

In the course of the above, for each assessment the candidate must:

review validity of request for payment and evidence provided

determine entitlements according to fund entitlements and organisational authority levels and guidelines

follow payment criteria according to the terms of the trust deed, legislative requirements and organisational policies and procedures.

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 assessing superannuation benefits and insurance claims under special conditions of release

organisational policies, procedures and authority levels for reviewing requests for payment

key aspects of fund entitlements and operating guidelines relating to assessment of superannuation benefits and insurance claims

processes for identifying payment criteria according to relevant trust deeds, legislation and organisational procedures

fund policies and procedures relating to assessment of superannuation benefit and insurance claims, including relevant underwriting frameworks and policies

changes to products and services relating to superannuation benefits and insurance claims, and implications for assessments.

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

trust deed documentation and documentation containing details of fund terms of entitlement

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
Identify request for payment 
Review validity of request against fund entitlements within legislative and operating guidelines, and operational authorities 
Use suitable checklist and instruments to ensure accuracy of request content 
Establish payment criteria to enable compliance to be determined within terms and conditions of trust, relevant legislation and operating guidelines 
Obtain additional evidence where required from appropriate parties to confirm that request complies with fund’s conditions of entitlement 
Review documentation and confirm accuracy and completeness 
Determine level of entitlement based on reviewed information and within own authority levels 
Obtain sign-off from required personnel according to organisational policies and procedures 
Make decision on payment according to trustee instructions, legislative requirements, and operating guidelines 
Communicate decision to relevant parties according to organisational policies and procedures 

Forms

Assessment Cover Sheet

FNSSUP417 - Assess superannuation benefits and insurance claims under special conditions of release
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

FNSSUP417 - Assess superannuation benefits and insurance claims under special conditions of release

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: