Take instructions in relation to a transaction

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSCNV501A, 'Take instructions in relation to a transaction'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Take instructions in relation to a transaction' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Establish the client's needs

1.1. Client needs and expectations are identified, clarified and assessed in accordance with the practice's policy and procedures

1.2. Optional courses of action are determined and discussed with client

1.3. Information in relation to the transaction is checked for accuracy and relevance

1.4. Responsibilities, obligations and expectations of all parties to the transaction are mutually agreed and

1.5. Client's needs and responsibilities are recorded and documented promptly and accurately

2. Identify any conflict of interest

2.1. Existing or potential conflicts of interest associated with the transaction are identified and recorded

2.2. Conflicts of interest are assessed to determine appropriate action for the client and practice, and client is promptly advised of any necessary action

3. Identify parties, properties and other interests

3.1. Parties, properties and interests relevant to the transaction are accurately identified and verified with the client

3.2. Documentation and titles are examined to confirm facts pertaining to the transaction

4. Determine terms of engagement

4.1. Appropriate terms of engagement which comply with legislative, regulatory and practice requirements are determined and articulated to client clearly and promptly

4.2. Client's agreement with terms is established and recorded

4.3. Authorities are obtained from client and other relevant parties

4.4. Estimates of fees, disbursements and time are checked for accuracy and completeness and provided to client

5. Determine contingency strategies

5.1. Contingencies relating to the transaction are assessed and advised to the client

5.2. Contingency strategies and options are determined and agreed in consultation with client

6. Initiate the transaction

6.1. A course of action is selected which meets the client's needs and complies with legislative requirements and with the policies and procedures of the practice

6.2. Client is advised of all actions to be implemented to meet their agreed needs and expectations

6.3. Instructions from client to proceed or not to proceed are confirmed with client and promptly recorded

6.4. Referral to other professionals or third parties is made where appropriate

6.5. All relevant instructions, information, facts and evidence are organised, documented and client file formally opened


Qualifications and Skillsets

FNSCNV501A appears in the following qualifications:

  • FNS60310 - Advanced Diploma of Conveyancing
  • FNS50410 - Diploma of Conveyancing
  • FNS60311 - Advanced Diploma of Conveyancing
  • FNS50411 - Diploma of Conveyancing
  • FNS51811 - Diploma of Financial Services