Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSMS401 Mapping and Delivery Guide
Process self-managed superannuation contribution
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSMS401 - Process self-managed superannuation contribution |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge involved in receiving and processing superannuation contributions and rollovers into a self-managed superannuation fund, ensuring correct monies are allocated to accounts and rectifying errors where these are identified.It applies to individuals who, within their level of authority, apply specialised organisational knowledge and follow defined procedures to administer and process financial information.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 self-managed superannuation field of work and include access to: organisational financial records, policy and procedures common office equipment, technology, software and consumables. Assessors must satisfy NVR/AQTF assessor requirements. |
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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: Receive contributions and rollovers, and process |
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Element: Identify and manage errors or non-completions |
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Element: Allocate contributions and rollovers according to type |
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Element: Issue receipt or confirmation for contributions and rollovers according to fund guidelines |
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