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Elements and Performance Criteria

  1. Provide feedback on and/or confirm authorities and guidelines
  2. Determine allocation of authorities and guidelines
  3. Negotiate variations to allocated authorities and guidelines
  4. Allocate authorities and guidelines
  5. Monitor and review authorities and guidelines compliance
  6. Evaluate effectiveness of authorities and guidelines

Required Skills

Required skills

highly developed communication skills to

determine and confirm information using questioning and active listening as required

relate effectively to customers

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

welldeveloped numeracy and IT skills to

perform calculations related to achieving required outcomes

use computer applications word processing spreadsheet database specific purpose computer systems to assist in achieving required outcomes

access and update records electronically

access webbased information services

welldeveloped literacy skills to read and interpret documentation from a variety of sources and record and consolidate relevant related information

learning skills to maintain knowledge of changes to compliance legislation and requirements

problem solving skills to identify any issues that have the potential to impact on work outcomes and to develop options to resolve these issues when they arise

selfmanagement skills for complying with ethical legal and procedural requirements research and analysis skills for accessing and interpreting relevant information

organisational skills including the ability to plan and sequence work

Required knowledge

organisation and industry products and services

organisation distribution requirements and channels

organisation income and expenditure forecasting

organisation marketing administration systems performance measures and training needs

organisation resources and budgeting

regulatory and legislative framework

Evidence Required

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

accurately apply the criteria for selection of distribution authorities

monitor and evaluate the effectiveness of the distribution authorities based on the organisations policies

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

access to organisation records

access to organisation policies and procedures

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

observing processes and procedures in workplaces

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports

setting and reviewing workplace projects and business simulations or scenarios

Guidance information for assessment


Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Authorities may include:

hazard/risk limits

monetary limits.

Guidelines may include:

conditions of business

criteria and requirements

rules for acceptance.

Variance may include:

authority levels

product delivery method to underwriter

type of hazards/risk

underwriting procedures.

Allocation criteria may include:

business arrangements

focus of market

level of expertise

quality of similar existing business

relationship marketing

volume of business.

Distribution agreements may include:

agency agreements

binder agreements

broker agreements

underwriting agreements.

Legislative requirements may include:

anti-discrimination legislation

Australian Accounting Standards

Australian Prudential Regulation Authority (APRA)

business names legislation

Consumer Credit Code

Corporations Act (including Accounting Standards)

Electronic Funds Transfer (EFT) Code of Conduct

Finance Code

Financial Services Reform Act (FSRA)

Financial Transaction Reports Act

industry codes of practice

Insurance (Agents and Brokers) Act

Insurance Contracts Act

legislation covering competition, prudential regulation

occupational health and safety (OHS) legislation

Privacy Act

taxation law

Trade Practices Act.

Variations may be:

negotiated with members of the distribution channel (both internal and external) to agreed authorities and guidelines.