Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSUP431 Mapping and Delivery Guide
Terminate retirement income streams
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSUP431 - Terminate retirement income streams |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to terminate retirement income stream benefit payments, process commutation claims or permit partial withdrawals and determine taxable component of terminated income stream for clients. In the case of a client’s death, the described activities will be performed for the beneficiary of the retirement income stream.The unit applies to those who use specialised industry knowledge and systematic approaches to thoroughly and accurately complete a range of tasks that meet organisational quality assurance procedures.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 equipment, technology, software and consumables organisational policies and procedures, including requirements relevant to terminating retirement income streams. 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: Process outstanding transactions |
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Element: Complete and action fund documentation |
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Element: Determine taxable component of terminated income stream |
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