Required skills

communication skills to

liaise with others share information using questioning and active listening as required

use language and concepts appropriate to cultural differences

numeracy and IT skills to

perform basic calculations related to superannuation funds

access and update account records electronically

access and use appropriate software such as word processors spreadsheets and databases

use internet information

data analysis and interpretation skills

literacy skills to

write business reports

read and interpret documentation from a variety of sources and record and consolidate related information

interpersonal skills to relate effectively within a team environment

organisational skills including the ability to plan and sequence work

Required knowledge

basic accounting principles

Australian Prudential Regulation Authority APRA reporting requirements

Australian Securities and Investments Commission ASIC reporting requirements

Australian Taxation Office ATO reporting requirements

trust deed requirements

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

confirm trustee instructions using knowledge of trust deed requirements

identify outstanding transactions

manage the distribution of fund assets

meet all reporting and statutory reporting requirements

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 financial 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 business simulations or scenarios

Guidance information for assessment

Specialist advice may include:

Transactions may include:

Trust deeds may include:

Assets transferred may include:

Statutory reporting requirements may include:

Relevant parties may include: