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Evidence Guide: FNSSUP417 - Assess superannuation benefits and insurance claims under special conditions of release

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

 

FNSSUP417 - Assess superannuation benefits and insurance claims under special conditions of release

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

Review request for payment

  1. Identify request for payment
  2. Review validity of request against fund entitlements within legislative and operating guidelines, and operational authorities
  3. Use suitable checklist and instruments to ensure accuracy of request content
Identify request for payment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review validity of request against fund entitlements within legislative and operating guidelines, and operational authorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use suitable checklist and instruments to ensure accuracy of request content

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review documentation and evidence

  1. Establish payment criteria to enable compliance to be determined within terms and conditions of trust, relevant legislation and operating guidelines
  2. Obtain additional evidence where required from appropriate parties to confirm that request complies with fund’s conditions of entitlement
  3. Review documentation and confirm accuracy and completeness
Establish payment criteria to enable compliance to be determined within terms and conditions of trust, relevant legislation and operating guidelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain additional evidence where required from appropriate parties to confirm that request complies with fund’s conditions of entitlement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review documentation and confirm accuracy and completeness

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine entitlement and communicate decision

  1. Determine level of entitlement based on reviewed information and within own authority levels
  2. Obtain sign-off from required personnel according to organisational policies and procedures
  3. Make decision on payment according to trustee instructions, legislative requirements, and operating guidelines
  4. Communicate decision to relevant parties according to organisational policies and procedures
Determine level of entitlement based on reviewed information and within own authority levels

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain sign-off from required personnel according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make decision on payment according to trustee instructions, legislative requirements, and operating guidelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate decision to relevant parties according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

assess superannuation benefit claim or insurance claim under special conditions of release on at least two occasions.

In the course of the above, for each assessment the candidate must:

review validity of request for payment and evidence provided

determine entitlements according to fund entitlements and organisational authority levels and guidelines

follow payment criteria according to the terms of the trust deed, legislative requirements and organisational policies and procedures.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

legislative requirements relating to assessing superannuation benefits and insurance claims under special conditions of release

organisational policies, procedures and authority levels for reviewing requests for payment

key aspects of fund entitlements and operating guidelines relating to assessment of superannuation benefits and insurance claims

processes for identifying payment criteria according to relevant trust deeds, legislation and organisational procedures

fund policies and procedures relating to assessment of superannuation benefit and insurance claims, including relevant underwriting frameworks and policies

changes to products and services relating to superannuation benefits and insurance claims, and implications for assessments.