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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. Conduct data integrity checks
   • Identify data requirements, data input systems and database
   • Collect and verify data according to relevant regulations and organisational policies and procedures
   • Check data input for completeness and correctness
   • Sample member statements and records for correctness
   • Review systems and database programs for efficiency and accuracy
2. Undertake fund review activities
   • Reconcile fund records according to organisational policies and procedures
   • Prepare fund financial statements according to organisational policies and procedures
   • Review and update member records and calculate benefits according to organisational policies and procedures
   • Prepare review information and provide to required personnel according to organisational policies and procedures
   • Discuss review findings with relevant stakeholders according to organisational procedures
   • Integrate feedback from discussions and distribute review information or report to required stakeholders 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:

participate in the review of at least one superannuation fund, and:

conduct required data integrity checks

prepare information or report for key stakeholders in that review.

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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 requirements relating to superannuation funds, including:

auditing requirements of superannuation legislation

laws relating to data protection

key obligations set out in privacy legislation in relation to this work

organisational policies, procedures, objectives and guidelines relating to fund review practices and quality checks

purpose, process and documentation requirements for annual review of fund records and other data

details of fund records, including:

financial statements, including categories listed in chart of accounts

member records

reporting alternatives for defined benefit funds and accumulation funds

capital gains taxation requirements

information requirements for financial statements from members, employers, trustees, fund administrators, trade unions, investors and taxpayers.

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