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

FNSIGN406 Mapping and Delivery Guide
Inspect property for saleable items and determine their value

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency FNSIGN406 - Inspect property for saleable items and determine their value
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to inspect property subject to a claim, and identify serviceable and saleable property and items to determine whether they can be sold and what their value would be.It applies to individuals who may use specialist techniques to carry out inspections within organisations of various sizes and across a range of customer bases.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the general insurance field of work and include access to:

organisational records, policy and procedures

common office equipment, technology, software and consumables.

Assessors must satisfy NVR/AQTF assessor requirements.
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: Carry out inspection of property to identify serviceable and saleable items and components
  • Complete inspection safely without causing damage to any property, component or system
  • Access and interpret correct information
  • Inspect property, components and items to identify serviceable and saleable components
  • Include planned action and expected result of sale in final loss calculation
  • Carry out inspection activities according to industry regulations and guidelines
       
Element: Determine property, component and item retail or salvage price
  • Undertake valuation of identified property serviceable and saleable items and components to calculate final value
  • Estimate retail price and salvage cost
  • Recommend action and record according to organisational policy, legislation and regulations
       


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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Carry out inspection of property to identify serviceable and saleable items and components

1.1 Complete inspection safely without causing damage to any property, component or system

1.2 Access and interpret correct information

1.3 Inspect property, components and items to identify serviceable and saleable components

1.4 Include planned action and expected result of sale in final loss calculation

1.5 Carry out inspection activities according to industry regulations and guidelines

2. Determine property, component and item retail or salvage price

2.1 Undertake valuation of identified property serviceable and saleable items and components to calculate final value

2.2 Estimate retail price and salvage cost

2.3 Recommend action and record according to organisational policy, legislation and regulations

Evidence of the ability to:

carry out inspections of property to identify serviceable and saleable items and components in compliance with industry codes of practice, legislation and regulations

determine retail or salvage price of property component or item

undertake loss calculations to determine recommended action.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

explain the key requirements of legislation, regulations and industry codes of practice relating to safety and standard of goods for sale

describe the technical knowledge needed to estimate the value of items and components, and determine whether salvage or sale is a viable option

describe the characteristics and operation of the market for salvaged items

outline the factors to be considered when determining if items or components can be salvaged.

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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Carry out inspection of property to identify serviceable and saleable items and components

1.1 Complete inspection safely without causing damage to any property, component or system

1.2 Access and interpret correct information

1.3 Inspect property, components and items to identify serviceable and saleable components

1.4 Include planned action and expected result of sale in final loss calculation

1.5 Carry out inspection activities according to industry regulations and guidelines

2. Determine property, component and item retail or salvage price

2.1 Undertake valuation of identified property serviceable and saleable items and components to calculate final value

2.2 Estimate retail price and salvage cost

2.3 Recommend action and record according to organisational policy, legislation and regulations

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
Complete inspection safely without causing damage to any property, component or system 
Access and interpret correct information 
Inspect property, components and items to identify serviceable and saleable components 
Include planned action and expected result of sale in final loss calculation 
Carry out inspection activities according to industry regulations and guidelines 
Undertake valuation of identified property serviceable and saleable items and components to calculate final value 
Estimate retail price and salvage cost 
Recommend action and record according to organisational policy, legislation and regulations 

Forms

Assessment Cover Sheet

FNSIGN406 - Inspect property for saleable items and determine their value
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

FNSIGN406 - Inspect property for saleable items and determine their value

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: