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Elements and Performance Criteria

Determine and record member investment instructions
Implement member instructions
- Implement instructions according to organisational policies and procedures
- Maintain investment documentation according to organisational policies and procedures
Finalise investment arrangements

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:

record, confirm and implement member investment instructions for at least three different superannuation fund members.

In the course of the above, the candidate must:

prepare a report and other required documentation relating to the instructions implemented for each of the above members.

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 requirements relating to implementing superannuation fund member investment instructions

organisational policies, procedures, guidelines and authorities relating to implementing superannuation fund member investment instructions, including for:

recording instructions

preparing required reports

terms of the trust deed relating to member investment instructions

methods to receive member investment instructions, including via authorised forms and verbal authority

procedures for sourcing information about superannuation product terms and conditions

key components of superannuation fund structures

investment and finance terminology relating to superannuation funds

computerised superannuation systems and procedures.