Develop understanding 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 FNSFLT204A, 'Develop understanding 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 understanding 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

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

1.1. The role of savings and investments at different points of people's life cycle are explored and discussed

1.2. The savings and investment patterns of Australia, population growth, ageing and other countries, are analysed, compared and discussed

1.3. The purpose and characteristics of a range of savings and investment vehicles used for short and long term savings and investment are analysed, compared and discussed

2. Identify and discuss the contemporary superannuation environment in Australia

2.1. The purposes and benefits of superannuation as part of a long term investment strategy to support people in retirement are identified, analysed and discussed

2.2. Basic terminology used for clients of the superannuation industry and the characteristics of superannuation in Australia are analysed and discussed

2.3. The role of regulators and trustees in the management of the Australian superannuation industry are identified and discussed

2.4. Sources for ongoing information about superannuation in Australia are identified, accessed and their uses discussed

3. Analyse the characteristics and structures of superannuation funds

3.1. Types of superannuation schemes and fund managers are identified and compared

3.2. Common investment objectives and the role of death benefits within superannuation schemes and their related strategies are identified and discussed

3.3. The role and nature of preserved and non-preserved components of superannuation funds are identified and discussed

3.4. The common costs of administering and managing superannuation funds are identified and discussed

3.5. A cross-section of superannuation funds' performance over time is analysed, compared and the variables that contributed to performance are analysed and discussed

4. Foster the active management of superannuation funds

4.1. The importance and means of checking superannuation Statements for accuracy are identified and discussed

4.2. Techniques for analysing the performance, rate of return, government taxes and other costs are identified, practised and discussed

4.3. The government regulated minimum age when superannuation benefits can be accessed, and the regulation's impact, are identified and discussed

4.4. The range of structures and techniques for the utilisation of superannuation funds on retirement are identified, analysed and discussed

4.5. Mechanisms to gain information about a superannuation fund, track lost superannuation contributions or to lodge complaints if concerns or discrepancies arise about an individual's superannuation fund are identified and discussed

4.6. Questions on superannuation issues that may be put to employers and fund providers are developed


Qualifications and Skillsets

FNSFLT204A appears in the following qualifications:

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