Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSMS411 Mapping and Delivery Guide
Process self-managed superannuation contributions
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSMS411 - Process self-managed superannuation contributions |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to receive and process superannuation contributions and rollovers into a self-managed superannuation fund (SMSF), ensuring that correct amounts are allocated to accounts and rectifying identified errors.The unit applies to those who, within their level of authority, apply specialised organisational knowledge and follow defined procedures to administer and process financial information.No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry. This includes access to: organisational policies and procedures documentation relating to members’ superannuation contributions and rollovers organisational equipment, technology, software and consumables. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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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: Manage errors and 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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