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Evidence Guide: FNSPIM301 - Process benefit payments

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!

From the Wiki University

 

FNSPIM301 - Process benefit payments

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

Process payments

  1. Identify classification types in accordance with organisational criteria, industry best practices, and relevant Acts and regulatory requirements
  2. Identify, check and accurately record payment information in accordance with organisational guidelines, and Acts and regulatory requirements
  3. Authorise payments in accordance with payment authority and organisational operating procedures
  4. Generate payments as directed with reference to Acts, regulations, organisational policy and operating procedures and codes of practice, if applicable, within timeframes
  5. Complete payment documents identifying relevant details in accordance with legislation and regulatory requirements
  6. Adhere to payment authority delegations and limits in accordance with organisational policy and procedures
Identify classification types in accordance with organisational criteria, industry best practices, and relevant Acts and regulatory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify, check and accurately record payment information in accordance with organisational guidelines, and Acts and regulatory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Authorise payments in accordance with payment authority and organisational operating procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Generate payments as directed with reference to Acts, regulations, organisational policy and operating procedures and codes of practice, if applicable, within timeframes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete payment documents identifying relevant details in accordance with legislation and regulatory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adhere to payment authority delegations and limits in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Finalise claims payment information to facilitate payment

  1. Finalise and enter payment information on system to prompt payment where required
  2. Despatch claims payment data and/or payments within required timeframes
  3. Copy and file electronic and/or hard copy documents for auditing purposes according to organisational operating procedures
Finalise and enter payment information on system to prompt payment where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Despatch claims payment data and/or payments within required timeframes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Copy and file electronic and/or hard copy documents for auditing purposes according to organisational operating procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Process payments

1.1 Identify classification types in accordance with organisational criteria, industry best practices, and relevant Acts and regulatory requirements

1.2 Identify, check and accurately record payment information in accordance with organisational guidelines, and Acts and regulatory requirements

1.3 Authorise payments in accordance with payment authority and organisational operating procedures

1.4 Generate payments as directed with reference to Acts, regulations, organisational policy and operating procedures and codes of practice, if applicable, within timeframes

1.5 Complete payment documents identifying relevant details in accordance with legislation and regulatory requirements

1.6 Adhere to payment authority delegations and limits in accordance with organisational policy and procedures

2. Finalise claims payment information to facilitate payment

2.1 Finalise and enter payment information on system to prompt payment where required

2.2 Despatch claims payment data and/or payments within required timeframes

2.3 Copy and file electronic and/or hard copy documents for auditing purposes according to organisational operating procedures

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Process payments

1.1 Identify classification types in accordance with organisational criteria, industry best practices, and relevant Acts and regulatory requirements

1.2 Identify, check and accurately record payment information in accordance with organisational guidelines, and Acts and regulatory requirements

1.3 Authorise payments in accordance with payment authority and organisational operating procedures

1.4 Generate payments as directed with reference to Acts, regulations, organisational policy and operating procedures and codes of practice, if applicable, within timeframes

1.5 Complete payment documents identifying relevant details in accordance with legislation and regulatory requirements

1.6 Adhere to payment authority delegations and limits in accordance with organisational policy and procedures

2. Finalise claims payment information to facilitate payment

2.1 Finalise and enter payment information on system to prompt payment where required

2.2 Despatch claims payment data and/or payments within required timeframes

2.3 Copy and file electronic and/or hard copy documents for auditing purposes according to organisational operating procedures

Evidence of the ability to:

process and finalise benefit or claim payments following organisational policy and procedures and regulatory requirements, including:

access and process payment information

enter data in the correct format in the data management system

ensure organisational timeframes are met

maintain appropriate records.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

describe details of organisational payment types and claims classifications, including a knowledge of codes for entering data

describe the key features and relevance to processing benefit payments of:

appropriate legislation and industry regulations

relevant codes of practice

organisational operating procedures.