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Elements and Performance Criteria
Performance Evidence
Knowledge Evidence
The candidate must be able to demonstrate essential knowledge required to effectively complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the work role. This includes knowledge of:
legal and ethical considerations (national, state/territory) for financial counselling, and how these are applied in organisations and individual practice:children in the workplacecodes of conduct/practiceconflict of interestcontinuing professional education discriminationduty of care human rights informed consent mandatory reporting practice standards practitioner/client boundaries privacy, confidentiality and disclosurerecords management rights and responsibilities of workers, employers and clients:scope and limitations of financial counsellor roleASIC class order 03/1063 and how this applies to the work of financial counsellors and their agencies work role boundaries – responsibilities and limitationswork health and safetyclient-centred, strengths-based approaches to financial counselling and other counselling models consistent with these approachesagency policies and procedurescharacteristics of situations when client need is outside of scope of practice including:specific financial situations requiring specialist counsellingindicators of related and non-related behavioural, emotional, psychological and/or physical and mental health issuesindicators of addictive behaviourindicators of gambling behaviour referral networks and resources types of financial information required to assess a client’s financial situation, including:statement of financial positionincome statements (including Centrelink) liability and debt statementscomplex needs assessment legal documents and contracts strategies that may assist clients in managing their finances, and their key features, including:assessment of the legality of debtsidentification of possible legal remediesdevelopment of an income and expenses statement development of a statement of financial positiondevelopment of a documented action plan strategies for increasing incomestrategies for decreasing expenditurestrategies for reducing credit and debt problems.