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Evidence Guide: CHCFIN001 - Facilitate the financial counselling process

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

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CHCFIN001 - Facilitate the financial counselling process

What evidence can you provide to prove your understanding of each of the following citeria?

Elements define the essential outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Respond to initial client contact

  1. Obtain informed consent from client to enter into a financial counselling process
  2. Identify and address any conflicts of interest and/or other ethical considerations
  3. Identify appropriateness of financial counselling on the basis of routine client information collected and analysed
  4. Clarify with client the role of financial counsellor and expectations of the representative agency
  5. Explain rights and responsibilities of client and counsellor in the financial counselling process
  6. Clarify client expectations and needs to ensure their issues and motivations are suited to financial counselling
  7. Make an appropriate referral with client consent if client need is identified as outside scope of own work role
  8. Explain confidentiality policy of the representative agency
Obtain informed consent from client to enter into a financial counselling process

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and address any conflicts of interest and/or other ethical considerations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify appropriateness of financial counselling on the basis of routine client information collected and analysed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify with client the role of financial counsellor and expectations of the representative agency

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain rights and responsibilities of client and counsellor in the financial counselling process

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify client expectations and needs to ensure their issues and motivations are suited to financial counselling

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make an appropriate referral with client consent if client need is identified as outside scope of own work role

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain confidentiality policy of the representative agency

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess client’s financial situation

  1. Collect information on client’s financial and extended situation including relevant personal issues that may impact on this situation
  2. Examine and analyse the material with client to identify areas for further investigation
  3. Seek additional information as required, including the status and validity of contracts
  4. Highlight important features of the client’s financial position
  5. Assist client to identify areas where they want to take action
  6. Identify and discuss client’s legal rights and responsibilities
  7. Make technically sound and substantiated assessment of client issues
Collect information on client’s financial and extended situation including relevant personal issues that may impact on this situation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Examine and analyse the material with client to identify areas for further investigation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek additional information as required, including the status and validity of contracts

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Highlight important features of the client’s financial position

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist client to identify areas where they want to take action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and discuss client’s legal rights and responsibilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make technically sound and substantiated assessment of client issues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss options with the client

  1. Work with the client to establish a list of concerns
  2. Proactively identify areas for possible action and prioritise to reflect client’s concerns
  3. Provide information regarding client responsibilities and rights in relation to individual debts and overall financial situation
  4. Discuss with client, options and potential consequences
Work with the client to establish a list of concerns

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Proactively identify areas for possible action and prioritise to reflect client’s concerns

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide information regarding client responsibilities and rights in relation to individual debts and overall financial situation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss with client, options and potential consequences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop action plan in partnership with client

  1. Work with the client to prioritise areas for action immediately and in the longer term
  2. Assist client to identify workable strategies to address their financial concerns
  3. Assist client to develop their own action plan to address their circumstances
  4. Discuss need for advocacy or negotiation by client and/or financial counsellor
  5. Write and maintain a client service plan which identifies the assessed issues, the client and financial counsellor strategies and responsibilities
Work with the client to prioritise areas for action immediately and in the longer term

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist client to identify workable strategies to address their financial concerns

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist client to develop their own action plan to address their circumstances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss need for advocacy or negotiation by client and/or financial counsellor

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Write and maintain a client service plan which identifies the assessed issues, the client and financial counsellor strategies and responsibilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide and evaluate ongoing support

  1. Identify areas for ongoing support and opportunities for specialist referral to other agencies or professionals
  2. Identify range of support services able to be provided by the organisation and others
  3. Work through with the client, the roles and responsibilities of client and counsellor in the support framework
  4. Implement processes to evaluate effectiveness of support provided to the client by the financial counsellor
  5. Revise support services in the light of evaluation feedback
  6. Terminate the financial counselling process in line with organisation procedures and professional role requirements and provide referrals as agreed with client
Identify areas for ongoing support and opportunities for specialist referral to other agencies or professionals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify range of support services able to be provided by the organisation and others

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Work through with the client, the roles and responsibilities of client and counsellor in the support framework

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement processes to evaluate effectiveness of support provided to the client by the financial counsellor

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Revise support services in the light of evaluation feedback

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Terminate the financial counselling process in line with organisation procedures and professional role requirements and provide referrals as agreed with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain client records as required in a financial counselling agency

  1. Implement processes to keep accurate records of financial counselling sessions in accordance with organisation and privacy requirements
  2. Record appropriate file notes and retain relevant documentation taking into account professional and legal requirements
  3. Maintain confidentiality of records in accordance with professional and legal requirements
  4. Secure client records for storage, archiving and destruction as per organisation and privacy requirements
  5. Prepare and maintain statistical records in line with organisation requirements
  6. Enter and maintain electronic databases as required by an organisation
Implement processes to keep accurate records of financial counselling sessions in accordance with organisation and privacy requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record appropriate file notes and retain relevant documentation taking into account professional and legal requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain confidentiality of records in accordance with professional and legal requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Secure client records for storage, archiving and destruction as per organisation and privacy requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare and maintain statistical records in line with organisation requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Enter and maintain electronic databases as required by an organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reflect on practice

  1. Implement professional supervision in accordance with policy and procedures of the professional association and the organisation
  2. Maintain knowledge of current industry information and best practice in financial counselling and utilise in professional practice
  3. Undertake professional development activities to meet State, organisation and industry requirements
  4. Ensure reflective practice is consistent with relevant codes of practice and ethical guidelines
Implement professional supervision in accordance with policy and procedures of the professional association and the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain knowledge of current industry information and best practice in financial counselling and utilise in professional practice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake professional development activities to meet State, organisation and industry requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure reflective practice is consistent with relevant codes of practice and ethical guidelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess client’s financial situation

  1. Collect information on client’s financial and extended situation including relevant personal issues that may impact on this situation
  2. Examine and analyse the material with client to identify areas for further investigation
  3. Seek additional information as required, including the status and validity of contracts
  4. Highlight important features of the client’s financial position
  5. Assist client to identify areas where they want to take action
  6. Identify and discuss client’s legal rights and responsibilities
  7. Make technically sound and substantiated assessment of client issues
Collect information on client’s financial and extended situation including relevant personal issues that may impact on this situation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Examine and analyse the material with client to identify areas for further investigation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek additional information as required, including the status and validity of contracts

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Highlight important features of the client’s financial position

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist client to identify areas where they want to take action

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and discuss client’s legal rights and responsibilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make technically sound and substantiated assessment of client issues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Respond to initial client contact

1.1 Obtain informed consent from client to enter into a financial counselling process

1.2 Identify and address any conflicts of interest and/or other ethical considerations

1.3 Identify appropriateness of financial counselling on the basis of routine client information collected and analysed

1.4 Clarify with client the role of financial counsellor and expectations of the representative agency

1.5 Explain rights and responsibilities of client and counsellor in the financial counselling process

1.6 Clarify client expectations and needs to ensure their issues and motivations are suited to financial counselling

1.7 Make an appropriate referral with client consent if client need is identified as outside scope of own work role

1.8 Explain confidentiality policy of the representative agency

2. Assess client’s financial situation

2.1 Collect information on client’s financial and extended situation including relevant personal issues that may impact on this situation

2.2 Examine and analyse the material with client to identify areas for further investigation

2.3 Seek additional information as required, including the status and validity of contracts

2.4 Highlight important features of the client’s financial position

2.5 Assist client to identify areas where they want to take action

2.6 Identify and discuss client’s legal rights and responsibilities

2.7 Make technically sound and substantiated assessment of client issues

3. Discuss options with the client

3.1 Work with the client to establish a list of concerns

3.2 Proactively identify areas for possible action and prioritise to reflect client’s concerns

3.3 Provide information regarding client responsibilities and rights in relation to individual debts and overall financial situation

3.4 Discuss with client, options and potential consequences

4. Develop action plan in partnership with client

4.1 Work with the client to prioritise areas for action immediately and in the longer term

4.2 Assist client to identify workable strategies to address their financial concerns

4.3 Assist client to develop their own action plan to address their circumstances

4.4 Discuss need for advocacy or negotiation by client and/or financial counsellor

4.5 Write and maintain a client service plan which identifies the assessed issues, the client and financial counsellor strategies and responsibilities

5. Provide and evaluate ongoing support

5.1 Identify areas for ongoing support and opportunities for specialist referral to other agencies or professionals

5.2 Identify range of support services able to be provided by the organisation and others

5.3 Work through with the client, the roles and responsibilities of client and counsellor in the support framework

5.4 Implement processes to evaluate effectiveness of support provided to the client by the financial counsellor

5.5 Revise support services in the light of evaluation feedback

5.6 Terminate the financial counselling process in line with organisation procedures and professional role requirements and provide referrals as agreed with client

6. Maintain client records as required in a financial counselling agency

6.1 Implement processes to keep accurate records of financial counselling sessions in accordance with organisation and privacy requirements

6.2 Record appropriate file notes and retain relevant documentation taking into account professional and legal requirements

6.3 Maintain confidentiality of records in accordance with professional and legal requirements

6.4 Secure client records for storage, archiving and destruction as per organisation and privacy requirements

6.5 Prepare and maintain statistical records in line with organisation requirements

6.6 Enter and maintain electronic databases as required by an organisation

7. Reflect on practice

7.1 Implement professional supervision in accordance with policy and procedures of the professional association and the organisation

7.2 Maintain knowledge of current industry information and best practice in financial counselling and utilise in professional practice

7.3 Undertake professional development activities to meet State, organisation and industry requirements

7.4 Ensure reflective practice is consistent with relevant codes of practice and ethical guidelines

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements define the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Respond to initial client contact

1.1 Obtain informed consent from client to enter into a financial counselling process

1.2 Identify and address any conflicts of interest and/or other ethical considerations

1.3 Identify appropriateness of financial counselling on the basis of routine client information collected and analysed

1.4 Clarify with client the role of financial counsellor and expectations of the representative agency

1.5 Explain rights and responsibilities of client and counsellor in the financial counselling process

1.6 Clarify client expectations and needs to ensure their issues and motivations are suited to financial counselling

1.7 Make an appropriate referral with client consent if client need is identified as outside scope of own work role

1.8 Explain confidentiality policy of the representative agency

2. Assess client’s financial situation

2.1 Collect information on client’s financial and extended situation including relevant personal issues that may impact on this situation

2.2 Examine and analyse the material with client to identify areas for further investigation

2.3 Seek additional information as required, including the status and validity of contracts

2.4 Highlight important features of the client’s financial position

2.5 Assist client to identify areas where they want to take action

2.6 Identify and discuss client’s legal rights and responsibilities

2.7 Make technically sound and substantiated assessment of client issues

3. Discuss options with the client

3.1 Work with the client to establish a list of concerns

3.2 Proactively identify areas for possible action and prioritise to reflect client’s concerns

3.3 Provide information regarding client responsibilities and rights in relation to individual debts and overall financial situation

3.4 Discuss with client, options and potential consequences

4. Develop action plan in partnership with client

4.1 Work with the client to prioritise areas for action immediately and in the longer term

4.2 Assist client to identify workable strategies to address their financial concerns

4.3 Assist client to develop their own action plan to address their circumstances

4.4 Discuss need for advocacy or negotiation by client and/or financial counsellor

4.5 Write and maintain a client service plan which identifies the assessed issues, the client and financial counsellor strategies and responsibilities

5. Provide and evaluate ongoing support

5.1 Identify areas for ongoing support and opportunities for specialist referral to other agencies or professionals

5.2 Identify range of support services able to be provided by the organisation and others

5.3 Work through with the client, the roles and responsibilities of client and counsellor in the support framework

5.4 Implement processes to evaluate effectiveness of support provided to the client by the financial counsellor

5.5 Revise support services in the light of evaluation feedback

5.6 Terminate the financial counselling process in line with organisation procedures and professional role requirements and provide referrals as agreed with client

6. Maintain client records as required in a financial counselling agency

6.1 Implement processes to keep accurate records of financial counselling sessions in accordance with organisation and privacy requirements

6.2 Record appropriate file notes and retain relevant documentation taking into account professional and legal requirements

6.3 Maintain confidentiality of records in accordance with professional and legal requirements

6.4 Secure client records for storage, archiving and destruction as per organisation and privacy requirements

6.5 Prepare and maintain statistical records in line with organisation requirements

6.6 Enter and maintain electronic databases as required by an organisation

7. Reflect on practice

7.1 Implement professional supervision in accordance with policy and procedures of the professional association and the organisation

7.2 Maintain knowledge of current industry information and best practice in financial counselling and utilise in professional practice

7.3 Undertake professional development activities to meet State, organisation and industry requirements

7.4 Ensure reflective practice is consistent with relevant codes of practice and ethical guidelines

The candidate must show evidence of the ability to complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the job role. There must be evidence that the candidate has:

performed the activities outlined in the performance criteria of this unit during a period of 220 hours of work in a financial counselling agency that has met the requirements for the Australian Securities and Investments Commission (ASIC) exemption from a financial services or credit licence

used critical thinking and problem solving skills to engage with the client and develop, implement and review options and action plans for at least 5 different clients presenting with multiple and complex needs.

The candidate must be able to demonstrate essential knowledge required to effectively complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the work role. This includes knowledge of:

legal and ethical considerations (national, state/territory) for financial counselling, and how these are applied in organisations and individual practice:

children in the workplace

codes of conduct/practice

conflict of interest

continuing professional education

discrimination

duty of care

human rights

informed consent

mandatory reporting

practice standards

practitioner/client boundaries

privacy, confidentiality and disclosure

records management

rights and responsibilities of workers, employers and clients:

scope and limitations of financial counsellor role

ASIC class order 03/1063 and how this applies to the work of financial counsellors and their agencies work role boundaries – responsibilities and limitations

work health and safety

client-centred, strengths-based approaches to financial counselling and other counselling models consistent with these approaches

agency policies and procedures

characteristics of situations when client need is outside of scope of practice including:

specific financial situations requiring specialist counselling

indicators of related and non-related behavioural, emotional, psychological and/or physical and mental health issues

indicators of addictive behaviour

indicators of gambling behaviour

referral networks and resources

types of financial information required to assess a client’s financial situation, including:

statement of financial position

income statements (including Centrelink)

liability and debt statements

complex needs assessment

legal documents and contracts

strategies that may assist clients in managing their finances, and their key features, including:

assessment of the legality of debts

identification of possible legal remedies

development of an income and expenses statement

development of a statement of financial position

development of a documented action plan

strategies for increasing income

strategies for decreasing expenditure

strategies for reducing credit and debt problems.