Invest self-managed superannuation funds assets

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 FNSSMS501, 'Invest self-managed superannuation funds assets'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Invest self-managed superannuation funds assets' 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. Assist trustees to devise investment objectives

1.1 Establish investment objectives to meet financial requirements of client

1.2 Develop portfolio benchmarks from investment objectives

1.3 Determine asset allocation and mix so that portfolio benchmarks and investment objectives can be met

2. Assist trustees to devise investment strategy

2.1 Compare asset allocation to appropriate strategic variables

2.2 Develop investment strategy in accordance with organisational and legislative investment requirements

2.3 Document investment strategy in accordance with organisational and legislative requirements

3. Assist trustees in selection of investment services providers

3.1 Establish range of performance criteria for service providers

3.2 Establish preferred list of service providers for clients

3.3 Review service providers against established performance criteria to ensure correct selection

3.4 Appoint suitable service providers that meet established performance criteria

3.5 Explain investment objectives and strategy to investment service providers so they may invest assets into products that are in accordance with legislated and trust deed requirements

4. Assist trustees to monitor investment services provider activities

4.1 Gather and interpret reports provided by relevant service providers

4.2 Compare results against documented investment objectives and strategies

4.3 Ensure reallocation of assets according to results achieved or strategy direction

5. Assist trustees to comply with ongoing management of fund

5.1 Provide member communication and disclosure requirements in accordance with legislative requirements

5.2 Ensure reports produced by service providers are received by trustees

5.3 Manage liquidity requirements of fund, taking into consideration current and future liabilities


Qualifications and Skillsets

FNSSMS501 appears in the following qualifications:

  • FNS50710 - Diploma of Superannuation
  • FNS60510 - Advanced Diploma of Superannuation
  • FNS50711 - Diploma of Superannuation
  • FNS60513 - Advanced Diploma of Superannuation
  • FNS60515 - Advanced Diploma of Superannuation
  • FNS50715 - Diploma of Superannuation