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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Prepare to process applications for superannuation rollover benefit payments
   • Receive application for benefit payment according to legislative and regulatory requirements and organisational policies and procedures
   • Check that application and accompanying documents are complete and correct
   • Take action on incomplete or incorrect applications according to organisational policies and procedures and within limits of own responsibility
   • Source additional information from members and employers as required
2. Process applications for superannuation rollover benefit payments
   • Prepare application for processing when required information is obtained
   • Calculate benefit to include additional fees, charges and other factors according to organisational policies and procedures
   • Check results of calculation and accuracy of data
   • Forward processed application to required personnel for checking
   • Correct identified irregularities and communicate to required personnel
3. Finalise process for superannuation rollover benefit payments
   • Action remaining application processes according to conditions identified in organisational policies and procedures and quality assurance requirements
   • Prepare benefit payment documentation and funds for submission to members, Australian Taxation Office (ATO) and rollover funds, as required
   • Store documentation relating to processed benefit and maintain member documentation according to organisational policies and procedures

Performance Evidence

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:

process at least three different applications for superannuation rollover benefits according to organisational policies and procedures.

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Knowledge Evidence

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 regulatory requirements relating to processing superannuation rollover benefits, including privacy legislation

organisational policies, objectives and guidelines relating to processing superannuation rollover benefits, including for:

receiving and documenting applications

identifying and addressing incomplete or incorrect applications

assessing the integrity of information

calculating and processing benefits, including fees and charges

quality assurance procedures and practices

storing documentation relating to processed benefit

issuing benefit payments to fund members, Australian Taxation Office (ATO), and rollover funds

components of a superannuation rollover benefits statement (RBS)

documentation required to process rollover benefit payments and their key components, including:

taxation documentation, including pay as you go (PAYG) payment summaries

trust deeds

content to be included in superannuation rollover benefit statements.

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