Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

FNSCUS402A Mapping and Delivery Guide
Resolve disputes

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSCUS402A - Resolve disputes
Description This unit describes the performance outcomes, skills and knowledge required to investigate, negotiate and resolve disputes between financial services customers and organisations.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Employability Skills This unit contains employability skills.
Learning Outcomes and Application This unit may apply to job roles in any sector of the financial services industry as part of a formal internal dispute resolution process.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
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
Elements of Competency Performance Criteria              
Element: Establish that a dispute exists
  • All information relating to the original problem is identified and the grounds for the dispute clarified
  • Contact is made with all parties to identify and clarify the disputed issues and ensure that the customer has a legitimate dispute or that the initial complaint has not already been settled to the customer's satisfaction
  • Information is assessed to ensure that the organisation operating procedures have been followed and all information relevant to the dispute resolution process is provided to the customer
  • Where necessary additional information is obtained from relevant parties as required and exchanged appropriately
  • Where the existence of a genuine dispute is established, the customer is informed of the organisation's obligations, procedures to be followed and timeframes
       
Element: Investigate the dispute and determine the action to be taken
  • All information from prior dealings with the customer is collected with further investigations undertaken if necessary
  • The customer is kept informed of progress and advised of any delays
  • Resolution action is determined with consideration to the facts, legislation, organisation procedures and policies and industry codes of practice and appropriate personnel informed of action to be taken
       
Element: Resolve dispute
  • The customer is informed of the decision, including reasons for the decision if appropriate, and negotiations are carried out with claimant or representative if required
  • Disputes are resolved in a timely and, as far as practicable, non litigious manner and, as far as possible, without resorting to formal conciliation services
  • The rights of the customer are respected in all dispute settlement procedures and any unresolved disputes are referred to formal conciliation services
       
Element: Finalise dispute
  • Outcomes of the dispute resolution process are recorded and all parties affected by the decision clearly and promptly advised on the outcome and their rights in relation to review of the decision
  • Relevant documentation is prepared according to legislation, regulations and codes of practice for unresolved disputes which have been referred to formal conciliation services
  • Decision of external dispute resolution body is attended to, as appropriate
  • All documentation is completed in accordance with legislation and organisation procedures
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

settle disputes in the financial services industry in line with organisation's policy and procedures and industry and legislative requirements

effectively apply dispute resolution techniques

interpret and comply with relevant legislation, organisation policy and procedures and industry codes of practice

Context of and specific resources for assessment

Assessment must ensure:

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment, technology, software and consumables

access to financial services product information

access to information about a range of workplace disputes.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

observing processes and procedures in workplaces or role plays

verbal or written questioning on underpinning knowledge and skills

setting and reviewing business simulations or scenarios

accessing and validating third party reports.

Guidance information for assessment

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Required skills

well-developed communication skills to:

determine and confirm dispute situation and resolution requirements, using questioning and active listening as required

negotiate effectively and respectfully

liaise with others, share information, listen and understand

use language and concepts appropriate to cultural differences

research and analysis for:

accessing, interpreting and managing dispute documentation and related information

accessing and interpreting financial product information

literacy skills to read and interpret documentation from a variety of sources and recording, gathering and consolidating information

IT skills for accessing and using appropriate software such as spreadsheets and databases and using internet information

team working skills for working cooperatively and effectively with others

problem solving skills to address negotiation and related dispute resolution issues

judgement skills for forming recommendations in operational situations

organisational skills, including the ability to plan and sequence work and plan meetings

Required knowledge

current industry compliance requirements and dispute settling procedures and requirements

current organisation policy and procedures and any impacting legislation for dispute resolution

negotiation principles and practises

risk prevention methods

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Grounds for the dispute may include:

claims

failure to provide agreed service

fraud

interpretation of terms and conditions

liability

provision of inaccurate advice

validity of contract.

Parties may include:

brokers

claimant

employer

industry and professional organisations

insurer

investigators or assessors

risk manger

service providers

unions.

Information may include:

customer details

customer history with the organisation and other companies

organisation policy

type of business and product or service.

Investigations may include consideration of:

whether:

the correct procedure been followed

the customer been kept informed of progress of the dispute

the initial decision that is being disputed based on adequate information

Formal conciliation services may include:

conciliation bodies or specific industry dispute resolution bodies such as:

Insurance Enquiries and Complaints Scheme

Insurance Brokers Disputes Limited (IBD)

referral to outside bodies such as mediators.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
All information relating to the original problem is identified and the grounds for the dispute clarified 
Contact is made with all parties to identify and clarify the disputed issues and ensure that the customer has a legitimate dispute or that the initial complaint has not already been settled to the customer's satisfaction 
Information is assessed to ensure that the organisation operating procedures have been followed and all information relevant to the dispute resolution process is provided to the customer 
Where necessary additional information is obtained from relevant parties as required and exchanged appropriately 
Where the existence of a genuine dispute is established, the customer is informed of the organisation's obligations, procedures to be followed and timeframes 
All information from prior dealings with the customer is collected with further investigations undertaken if necessary 
The customer is kept informed of progress and advised of any delays 
Resolution action is determined with consideration to the facts, legislation, organisation procedures and policies and industry codes of practice and appropriate personnel informed of action to be taken 
The customer is informed of the decision, including reasons for the decision if appropriate, and negotiations are carried out with claimant or representative if required 
Disputes are resolved in a timely and, as far as practicable, non litigious manner and, as far as possible, without resorting to formal conciliation services 
The rights of the customer are respected in all dispute settlement procedures and any unresolved disputes are referred to formal conciliation services 
Outcomes of the dispute resolution process are recorded and all parties affected by the decision clearly and promptly advised on the outcome and their rights in relation to review of the decision 
Relevant documentation is prepared according to legislation, regulations and codes of practice for unresolved disputes which have been referred to formal conciliation services 
Decision of external dispute resolution body is attended to, as appropriate 
All documentation is completed in accordance with legislation and organisation procedures 

Forms

Assessment Cover Sheet

FNSCUS402A - Resolve disputes
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSCUS402A - Resolve disputes

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: