Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSMS602A Mapping and Delivery Guide
Apply taxation requirements when advising in self-managed superannuation funds
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSMS602A - Apply taxation requirements when advising in self-managed superannuation funds |
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Description | This unit covers the skills and knowledge required to apply taxation requirements when advising clients/trustees in self-managed superannuation funds. It does not encompass taxation planning but does encompass identifying and providing explanation of self-managed superannuation fund taxation requirements, with specific relation to investment product decisions within the fund.Importantly, this unit is not about the provision of taxation planning advice. Instead it is limited to advising on the potential taxation implications of particular products being considered for the fund.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 the role of an adviser regarding taxation of a self-managed superannuation fund and is limited by whether or not they are a registered tax agent. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | FNSSMS603A Apply legislative and operational requirements to advising in self-managed superannuation funds | ||
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: Identify and explain taxation requirements for fund structures and adviser role to the trustee |
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Element: Identify and explain implications for contributions to the trustee within the scope of adviser authority |
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Element: Identify and explain implications for fund income/assets to the trustee |
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Element: Identify and explain implications for benefits to the trustee |
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