Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CHCFIN002 Mapping and Delivery Guide
Identify and apply technical information to assist clients with financial issues
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | CHCFIN002 - Identify and apply technical information to assist clients with financial issues |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to analyse and use technical information to assist individuals to understand their rights and make informed decisions about financial issues in the context of a strengths-based and client-focused financial counselling model.This unit applies to financial counsellors who work in agencies that meet the requirements for the Australian Securities and Investments Commission (ASIC) exemption from a financial services or credit licence.The skills in this unit must be applied in accordance with Commonwealth and State/Territory legislation, Australian/New Zealand Standards and industry codes of practice. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Skills must have been demonstrated in the workplace with the addition of simulations and scenarios where the full range of contexts and situations have not been provided in the workplace. The following conditions must be met for this unit: use of suitable facilities, equipment and resources, including: client information organisation policies, procedures and resources modelling of industry operating conditions, including: scenarios that involve complex interactions with other people scenarios that involve problem-solving. Assessors must satisfy the Standards for Registered Training Organisations (RTOs) 2015/AQTF mandatory competency requirements for assessors. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Elements define the essential outcomes | ||||||||
Element: Review client income sources |
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Element: Ensure client is receiving appropriate information regarding living expenses |
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Element: Facilitate client understanding of consumer protections and their legal rights |
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Element: Evaluate types of debt presented by client |
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Element: Identify options in regard to debt and debt recovery |
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Element: Identify appropriate referral and support services |
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