Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
CHCFIN501A Mapping and Delivery Guide
Identify and apply technical information to assist clients with financial issues
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | CHCFIN501A - Identify and apply technical information to assist clients with financial issues |
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Description | This unit describes the application of legal and technical information required by financial counsellors as a basis for assisting individuals to make informed decisions relating to present and future financial issues | ||
Employability Skills | This unit contains Employability Skills | ||
Learning Outcomes and Application | This unit is about the identification of technical information for application in a financial counselling contextClients are provided with specific technical information and are supported to explore options and make decisions in the context of their overall personal situationIn order to qualify for the ASIC exemption from the delivery of financial service contained in the Financial Services Reform Amendment Act (2003) a financial counsellor must be eligible for membership of the financial counselling association recognised in their State or TerritoryFinancial counselling operates from a strengths-based and client-focused model | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not Applicable | ||
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: Review client income sources |
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Element: Ensure client is receiving appropriate information regarding living expenses |
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Element: Ensure client understands their rights in respect to legal and consumer protection |
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Element: Identify 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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