Assessor Resource

FNSSUP424
Establish and customise employer accounts in superannuation

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to set up accounts for corporate clients of master trusts and clients within industry funds, using a computerised information management system or database.

It applies those who use specialised industry knowledge and systematic approaches to structure and organise a range of complex information and data and meet organisational quality assurance requirements.

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:

set up and establish employer accounts for at least three different clients.

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 and organisational requirements relating to data protection and privacy and their relevance to establishing and customising employer accounts in superannuation

organisational policies, procedures, guidelines and information, documentation and communication systems relevant to employer accounts

organisational quality assurance practices

consequences of incorrect employer documentation

information required to establish a comprehensive employer profile

procedures for establishing transaction systems

information requirements for establishing vesting arrangements, non-preserved money fund options and insurance arrangements.

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:

set up and establish employer accounts for at least three different clients.

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 and organisational requirements relating to data protection and privacy and their relevance to establishing and customising employer accounts in superannuation

organisational policies, procedures, guidelines and information, documentation and communication systems relevant to employer accounts

organisational quality assurance practices

consequences of incorrect employer documentation

information required to establish a comprehensive employer profile

procedures for establishing transaction systems

information requirements for establishing vesting arrangements, non-preserved money fund options and insurance arrangements.

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
Obtain details for new employer record from field representative and employer relationship manager 
Check information for completeness, accuracy, inconsistencies and authenticity 
Obtain further details from fund representative and employer, as required 
Enter data into organisational information system 
Activate new employer file according to organisational policies and procedures 
Establish employer contribution mechanism, including processes for communication and financial transactions 
Enter details of schedules, exceptions, rules, insurance details and categories 
Set up insurance arrangements 
Enter details of account options 
Establish facility for bulk load transfers if required 
Establish employer details and maintain according to organisational requirements 
Check data entry according to organisational policies and procedures 

Forms

Assessment Cover Sheet

FNSSUP424 - Establish and customise employer accounts in superannuation
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

FNSSUP424 - Establish and customise employer accounts in superannuation

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: