Develop knowledge of superannuation

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 FNSFLT204, 'Develop knowledge of superannuation'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Develop knowledge of superannuation' 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

Elements describe the essential outcomes.

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

1. Identify and discuss role of long-term versus short-term investments

1.1 Identify and explain role of savings and investments at different points of people’s life cycle

1.2 Identify and compare savings and investment patterns of Australia, population growth and ageing with other countries

1.3 Describe purpose and characteristics of a range of savings and investment vehicles used for short-term and long-term savings and investment

2. Describe the contemporary superannuation environment in Australia

2.1 Identify and explain purposes and benefits of superannuation as part of a long-term investment strategy to support people in retirement

2.2 Identify and discuss basic terminology used for customers of superannuation industry and characteristics of superannuation in Australia

2.3 Examine role of regulators and trustees in management of Australian superannuation industry

2.4 Identify and access sources for ongoing information about superannuation in Australia and discuss their uses

3. Explore characteristics and structures of superannuation funds

3.1 Identify and compare types of superannuation schemes and fund managers

3.2 Identify and describe common investment objectives and role of death benefits in superannuation schemes, and their related strategies

3.3 Describe role and nature of preserved and non-preserved components of superannuation funds

3.4 Identify common costs of administering and managing superannuation funds

3.5 Compare examples of cross-section of superannuation funds’ performance over time and discuss variables that contributed to performance

4. Foster active management of superannuation funds

4.1 Explain importance and means of checking superannuation statements for accuracy

4.2 Identify and apply techniques for analysing performance, rate of return, government taxes and other costs

4.3 Identify government regulated minimum age when superannuation benefits can be accessed and discuss regulation’s impact

4.4 Identify and discuss range of structures and techniques for use of superannuation funds on retirement

4.5 Identify and discuss mechanisms to gain information about a superannuation fund, track lost superannuation contributions or lodge complaints if concerns or discrepancies arise about individual’s superannuation fund

4.6 Develop questions on superannuation issues that may be put to employers and fund providers


Qualifications and Skillsets

FNSFLT204 appears in the following qualifications:

  • FNS10110 - Certificate I in Financial Services
  • FNS20110 - Certificate II in Financial Services
  • FNS20111 - Certificate II in Financial Services
  • FNS10115 - Certificate I in Financial Services
  • FNS20115 - Certificate II in Financial Services