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Evidence Guide: FNSSUP424 - Establish and customise employer accounts in superannuation

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

 

FNSSUP424 - Establish and customise employer accounts in superannuation

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

Obtain information for new employer records

  1. Obtain details for new employer record from field representative and employer relationship manager
  2. Check information for completeness, accuracy, inconsistencies and authenticity
  3. Obtain further details from fund representative and employer, as required
Obtain details for new employer record from field representative and employer relationship manager

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check information for completeness, accuracy, inconsistencies and authenticity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain further details from fund representative and employer, as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Set up new file for employer

  1. Enter data into organisational information system
  2. Activate new employer file according to organisational policies and procedures
  3. Establish employer contribution mechanism, including processes for communication and financial transactions
  4. Enter details of schedules, exceptions, rules, insurance details and categories
Enter data into organisational information system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Activate new employer file according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish employer contribution mechanism, including processes for communication and financial transactions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Enter details of schedules, exceptions, rules, insurance details and categories

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Set up account systems

  1. Set up insurance arrangements
  2. Enter details of account options
  3. Establish facility for bulk load transfers if required
  4. Establish employer details and maintain according to organisational requirements
  5. Check data entry according to organisational policies and procedures
Set up insurance arrangements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Enter details of account options

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish facility for bulk load transfers if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish employer details and maintain according to organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check data entry 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:

set up and establish employer accounts for at least three different clients.

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 and organisational requirements relating to data protection and privacy and their relevance to establishing and customising employer accounts in superannuation

organisational policies, procedures, guidelines and information, documentation and communication systems relevant to employer accounts

organisational quality assurance practices

consequences of incorrect employer documentation

information required to establish a comprehensive employer profile

procedures for establishing transaction systems

information requirements for establishing vesting arrangements, non-preserved money fund options and insurance arrangements.