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 FNSSUP420, 'Establish and administer retirement income streams'.
- Google Links
- links to google searches, with filtering in place to maximise the usefulness of the returned results
- Books
- Reference books for 'Establish and administer retirement income streams' 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
1. Receive application and verify data | 1.1 Receive new income stream application and payment where required, and compile required documentation 1.2 Check that documentation is correct and complete 1.3 Identify and address issues or irregularities and seek advice from team members or authorised personnel as required 1.4 Gather further information from appropriate sources to proceed with application if required 1.5 Update new and additional information according to organisational policies and procedures |
2. Calculate amount of retirement income stream | 2.1 Calculate amount of a non-account based income stream according to minimum and maximum annual limits 2.2 Confirm payment selected by the member in an account-based income stream is within age-related limits 2.3 Calculate payment for transition to retirement account-based income stream, according to minimum and maximum annual limits 2.4 Administer incoming payments and outgoing benefits using required portals and systems |
3. Set up new member records | 3.1 Extract information required to set up income stream from application form and information collected, including setting up pay as you go (PAYG) instalments 3.2 Enter data into organisational system and follow checking and authorisation procedures for setting up new income streams including reversionary pensions 3.3 Process client’s nominated investment choice for an account-based income stream according to organisational policies and procedures 3.4 Send confirmation, policy documents or investor certificate and details of cooling off period to client according to organisational policies and procedures 3.5 File documentation according to organisational policies and procedures |
4. Meet compliance requirements | 4.1 Send to client periodic statement and PAYG summary with income stream details 4.2 Provide to clients and relevant government departments information relating to income stream products, within legislative and regulatory limits 4.3 Conduct system checks according to organisational policies and procedures and check for any irregularities of payments 4.4 Identify and rectify consequences of incorrect payments 4.5 Determine compliance of retirement income streams according to legislative and regulatory requirements |
5. Maintain member records | 5.1 Process requests for changes to client’s nominated investment choice according to organisational guidelines 5.2 Apply earning rates and consumer price index (CPI) adjustments to retirement income stream 5.3 Determine, on an annual basis, that nominated account-based income stream payments are within the relevant age range set out by legislation, and make adjustments where required 5.4 Update client’s personal details and allowable changes to nominated beneficiaries as required |