Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSMS601A Mapping and Delivery Guide
Provide advice in self-managed superannuation funds
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSMS601A - Provide advice in self-managed superannuation funds |
---|---|---|---|
Description | This unit describes the performance outcomes, skills and knowledge required to provide advice in self-managed superannuation funds. It encompasses the ability to establish relationships with clients, identify and analyse their objectives needs and financial situation and risk profile to develop and present appropriate strategies and solutions, negotiate financial plan and coordinate its implementation maintaining necessary documentation and providing ongoing service where requested by client.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC). | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to advisory job roles in the superannuation sector. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
||
Prerequisites/co-requisites | FNSSMS501A Invest self-managed superannuation fund assets FNSSMS602A Apply taxation requirements when advising in self-managed superannuation funds FNSSMS603A Apply legislative and operational requirements to advising in self-managed superannuation funds FNSSMS505A Support trustee in the selection and performance monitoring of outsourced services | ||
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 relationship with client |
| |||||||
Element: Identify client's objectives, needs and financial situation |
| |||||||
Element: Analyse client's objective, needs, financial situation and risk profile |
| |||||||
Element: Develop appropriate strategies and solutions |
| |||||||
Element: Present appropriate strategies and solutions to the client |
| |||||||
Element: Negotiate financial plan/policy/transaction with client |
| |||||||
Element: Coordinate implementation of agreed plan/policy/ transaction |
| |||||||
Element: Complete and maintain necessary documentation |
| |||||||
Element: Provide ongoing service where requested by client |
|