Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSMS601 Mapping and Delivery Guide
Provide advice in self-managed superannuation funds
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSMS601 - Provide advice in self-managed superannuation funds |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to establish relationships with trustees of self-managed superannuation funds including identifying and analysing their objectives, needs, financial situation and risk profile; developing and presenting appropriate strategies and solutions; negotiating a financial plan and coordinating its implementation while maintaining necessary documentation and providing ongoing service where requested by the trustee.It applies to individuals who use effective communication skills to build relationships and use specialised industry knowledge to respond to enquiries and assist clients with complex needs and requirements.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 organisational policy and procedures special purpose tools, equipment, materials and industry software packages. 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: Establish relationship with client |
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Element: Identify client’s objectives, needs and financial situation |
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Element: Analyse client’s objective, needs, financial situation and risk profile |
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Element: Develop appropriate strategies and solutions |
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Element: Present appropriate strategies and solutions to client |
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Element: Negotiate financial plan, policy or transaction with client |
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Element: Coordinate implementation of agreed plan, policy or transaction |
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Element: Complete and maintain necessary documentation |
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Element: Provide ongoing service where requested by client |
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Element: Identify client’s objectives, needs and financial situation |
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Element: Analyse client’s objective, needs, financial situation and risk profile |
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