Establish, supervise and monitor practice systems to conform with legislation and regulations

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 FNSPRM601, 'Establish, supervise and monitor practice systems to conform with legislation and regulations'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Establish, supervise and monitor practice systems to conform with legislation and regulations' 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 legislation, regulations and codes of practice relevant to the practice

1.1 Identify relevant legislation, regulations and codes of practice to be complied with in provision of services by the practice or business

1.2 Identify relevant compliance procedures to be established

2. Establish and document procedures for compliance of the practice with relevant legislation, regulations and codes of practice

2.1 Identify key stakeholders and consult regarding issues and proposed procedures and guidelines

2.2 Incorporate compliance issues and procedures into practice guidelines and document appropriately

2.3 Identify and document sources of information and advice on legislative and regulatory requirements

2.4 Establish and document procedures for ensuring currency of information within practice

2.5 Establish and incorporate into practice guidelines, ethical procedures and standards for interpretation of legislation, regulations and codes of practice

2.6 Establish procedures for monitoring compliance with legislation, regulations and codes of practice within practice and for outsourced third party providers

3. Establish risk management procedures for compliance with legislation and regulations

3.1 Establish and document structured and systematic risk management process, which takes into account practice obligations under relevant legislation and regulations

3.2 Identify and document risks of non-compliance

3.3 Establish, document and communicate to staff measures to avoid non-compliance and steps to be taken in event of breaches of obligations

3.4 Ensure measures are consistent with Australian state and federal regulations for licensees and authorised representatives

4. Identify and establish appropriate resources for ensuring the practice can meet its legislative and regulatory requirements

4.1 Identify appropriate levels of financial, technological and human resources to meet practice’s legislative and regulatory requirements

4.2 Implement training and assessment procedures to ensure employees have skills needed to comply with legislative and regulatory requirements

4.3 Establish clear decision-making procedures on legislative and regulatory issues, including identification to employees of licensees, authorised representatives, directors and other staff carrying legislative and regulatory responsibilities

4.4 Establish and maintain information technology systems and other technological resources to level necessary to enable compliance with legislative and regulatory requirements

4.5 Ensure budgets, requisition procedures and other internal financial systems clearly identify support for legislative and regulatory functions


Qualifications and Skillsets

FNSPRM601 appears in the following qualifications:

  • FNS60310 - Advanced Diploma of Conveyancing
  • FNS60710 - Advanced Diploma of Financial Licensing Management
  • FNS60410 - Advanced Diploma of Financial Planning
  • FNS60810 - Advanced Diploma of Financial Risk Management
  • FNS50810 - Diploma of Financial Risk Management
  • FNS50310 - Diploma of Finance and Mortgage Broking Management
  • FNS60311 - Advanced Diploma of Conveyancing
  • FNS60711 - Advanced Diploma of Financial Licensing Management
  • FNS50311 - Diploma of Finance and Mortgage Broking Management
  • FNS50811 - Diploma of Integrated Risk Management
  • FNS60811 - Advanced Diploma of Integrated Risk Management
  • BSB61115 - Advanced Diploma of Conveyancing
  • FNS50315 - Diploma of Finance and Mortgage Broking Management
  • FNS60415 - Advanced Diploma of Financial Planning
  • FNS50815 - Diploma of Integrated Risk Management
  • FNS60715 - Advanced Diploma of Financial Licensing Management
  • FNS60815 - Advanced Diploma of Integrated Risk Management