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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. Establish superannuation fund performance requirements
   • Identify performance requirements according to operating guidelines and legislative requirements
   • Document performance requirements
2. Develop and implement systems and procedures to meet requirements
   • Prepare action plans to meet requirements
   • Implement applicable operational guidelines and organisational policies and procedures
   • Develop and document contingency plans to ensure requirements are met in extraordinary situations according to organisational policies and procedures
3. Monitor compliance with required performance
   • Review regulatory and contractual performance requirements against superannuation fund and confirm compliance with organisational policies and procedures
   • Update procedures, guidelines and policies in response to changed regulatory, legislative, organisational policy changes and performance variation
4. Report and advise on required changes
   • Document performance reviews
   • Identify anomalies and variations and document according to organisational policies and procedures
   • Report anomalies and variations to required stakeholders within required timeframes
   • Support advice and recommendations for change with action plans

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:

review compliance of a superannuation fund with regulatory and contractual requirements on at least one occasion.

In the course of the above, the candidate must:

identify performance requirements, and implement systems and procedures to meet those requirements

report and advise on required changes.

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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:

regulatory and contractual requirements of superannuation industry supervision (SIS) legislation

organisational policies and procedures relating to reviewing compliance requirements of superannuation fund

taxation obligations relevant to regulatory and contractual requirements

organisational performance, products and procedures relating to compliance with regulatory and contractual requirements

principles of contingency management

customer analysis and service focus within the industry or organisation

types of performance reviews

superannuation systems and procedures relating to regulatory and contractual requirements.

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