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Companion Volume Appendix
FNS Financial Services Training Package Implementation Guide - Appendix
DisclaimerThis work has been produced with the assistance of funding provided by the Commonwealth Government through the Department of Education and Training. The views expressed in this work do not necessarily represent the views of the Department of Education and Training. In addition, the Department of Education and Training does not give warranty or accept any legal liability in relation to the content of this work.
For further information about this Companion Volume or any other work being undertaken by Innovation and Business Skills Australia (IBSA), please visit www.ibsa.org.au
Innovation & Business Skills Australia Level 11, 176 Wellington Parade East Melbourne VIC 3002 Australia p 03 9815 7000 e reception@ibsa.org.au f 03 9815 7001 w www.ibsa.org.au
© 2016 Commonwealth of Australia
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© 2016 Commonwealth of Australia
Contents
Version control and modification history 4
Appendix 1 List of qualifications, skill sets and units of competency 10
Qualifications in the FNS Financial Services Training Package version 2 10
Skill sets in the FNS Financial Services Training Package version 2 12
Units of competency in the FNS Financial Services Training Package version 2 13
Appendix 2 Mapping information 37
Mapping information 37
Qualification mapping 38
Skill set mapping 40
Unit mapping 41
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© 2016 Commonwealth of Australia
FNS Financial Services Training Package Implementation Guide - Appendix
Version control and modification historyVersion number Release date CommentsVersion 2.0 January 2016 Qualifications
Two qualifications removed:
• FNS30415 Certificate III in Mercantile Agents
• FNS51715 Diploma of Applied Anti-money Laundering and Counter Terrorism Financing.
One new qualification:
• FNS80115 Graduate Diploma of Anti-money Laundering and Counter Terrorism Financing.
Four qualifications updated and not equivalent to FNS Financial Services Training Package version 1.1 qualifications:
• FNS42115 Certificate IV in Personal Injury Management (change to one core unit and three electives added to cover medical indemnity sector)
• FNS42215 Certificate IV in Personal Trust Administration (change to one core unit and two electives added to meet industry requirements)
• FNS51915 Diploma of Personal Injury and Disability Insurance Management (change to one core unit and six electives added)
• FNS52015 Diploma of Personal Trusts (change to four core units and new electives added to meet industry requirements).
Industry Skills Council (ISC) upgrade to 11 qualifications, equivalent to FNS Financial Services Training Package version 1.1 qualifications, to correct typographical errors:
• FNS30115 Certificate III in Financial Services
• FNS30215 Certificate III in Personal Injury Management
• FNS30315 Certificate III in Accounts Administration
• FNS30515 Certificate III in General Insurance
• FNS40715 Certificate IV in Financial Practice Support
• FNS50215 Diploma of Accounting
• FNS50315 Diploma of Finance and Mortgage Broking Management
• FNS50915 Diploma of Banking Services Management
• FNS51815 Diploma of Financial Services
• FNS60515 Advanced Diploma of Superannuation
• FNS60615 Advanced Diploma of Banking Services Management.
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Version number Release date CommentsISC upgrade to four qualifications, equivalent to FNS Financial Services Training Package version 1.1 qualifications, with the removal of a clause about selection of elective ASIC units to allow greater flexibility:
• FNS50615 Diploma of Financial Planning
• FNS51015 Diploma of Financial Markets
• FNS60415 Advanced Diploma of Financial Planning
• FNS60715 Advanced Diploma of Financial Licensing Management.
ISC upgrade to two qualifications, equivalent to FNS Financial Services Training Package version 1.1 qualifications, with additional elective units to incorporate FNSSS00011 Post-retirement skill set:
• FNS40915 Certificate IV in Superannuation
• FNS41815 Certificate IV in Financial Services.
Skill sets
Two new skill sets:
• FNSSS00010 Anti-money Laundering and Counter Terrorism Financing skill set
• FNSSS00011 Post-retirement skill set.
ISC upgrade to two skill sets, equivalent to FNS Financial Services Training Package version 1.1 skill sets, to correct typographical errors:
• FNSSS00007 Financial literacy education skill set
• FNSSS00009 Tax law for tax agents skill set (tax plans).
Units of competency
27 new units of competency:
• FNSAML801 Design an anti-money and counter terrorism financing program
• FNSAML802 Design and assess controls to monitor money-laundering and terrorism financing risk
• FNSAML803 Design and monitor a reporting system for suspicious transactions
• FNSAML804 Design customer due diligence policies and procedures
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Version number Release date Comments• FNSAML805 Manage assessment of organisational vulnerability to money
laundering and terrorism financing
• FNSAML806 Implement an anti-money and counter terrorism financing program
• FNSINC801 Lead compliance with financial services legislation and industry codes of practice
• FNSINC802 Develop and build effective relationships with regulators and industry bodies
• FNSPIM416 Work effectively in the medical indemnity sector
• FNSPIM417 Analyse medical indemnity claims
• FNSPIM506 Promote the health benefits of returning to work
• FNSPIM507 Manage complex return to work cases
• FNSPIM508 Evaluate and improve return to work program within an organisation
• FNSPIM509 Comply with regulatory frameworks
• FNSPIM510 Implement informed decision making
• FNSPIM511 Facilitate setting and achievement of goals
• FNSPIM512 Negotiate settlements for medical indemnity claims
• FNSPRT504 Apply knowledge of the regulatory environment relevant to trustee organisations
• FNSPRT505 Develop and maintain knowledge of financial services and assets
• FNSPRT506 Develop understanding of traditional trustee services
• FNSPRT507 Apply principles of fiduciary duty, substituted decision making and ethical decision making
• FNSPRT508 Administer a charitable trust
• FNSSUP409 Provide specialist retirement income stream information to clients
• FNSSUP411 Terminate retirement income streams
• FNSSUP412 Determine impact of social security entitlements on retirement income
• FNSSUP413 Apply knowledge of retirement planning issues when dealing with clients
• FNSSUP414 Develop and apply knowledge of aged care.
Two units of competency removed:
• FNSPRT301 Establish entitlements to an intestate estate
• FNSPRT503 Assess, allocate and supervise work within the personal trustee sector.
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© 2016 Commonwealth of Australia
FNS Financial Services Training Package Implementation Guide - Appendix
Version number Release date CommentsOne unit of competency removed (listed on TGA in error):
• FNSPIM412 Participate in formal communication processes.
Two units of competency updated and not equivalent to FNS Financial Services Training Package version 1.1 units of competency:
• FNSPRT407 Investigate and substantiate entitlement in an intestate estate
• FNSSUP410 Establish and administer retirement income streams.
Industry Skills Council (ISC) upgrade to nine units of competency equivalent to FNS Financial Services Training Package version 1.1 units of competency:
• FNSPRT302 Administer a non-complex estate
• FNSPRT303 Administer a trust with non-complex matters
• FNSPRT402 Prepare a will
• FNSPRT403 Administer a complex estate
• FNSPRT404 Administer a trust dealing with complex matters
• FNSPRT405 Establish powers of attorney or financial administration orders
• FNSPRT406 Administer powers of attorney or financial administration orders
• FNSPRT501 Advise clients on trust structures
• FNSPRT502 Advise clients in estate planning.
Version 1.1 April 2015 Industry Skills Council (ISC) upgrade to correct mapping and typographical errors.
Qualifications
ISC upgrade to all qualifications equivalent to FNS Financial Services Training Package version 1.0 qualifications.
Skill sets
No ISC upgrade to skill sets.
Units of competency
ISC upgrade to seven units of competency equivalent to FNS Financial Services Training Package version 1.0 units:
• FNSASICY503 Provide advice in insurance broking
• FNSBKG405 Establish and maintain a payroll system
• FNSIBK403 Place client insurances with insurer and confirm insurance cover with clients
• FNSIBK405 Meet industry and legislative guidelines and organisational procedures relating to insurance broking
• FNSIBK513 Prepare submission for new business
• FNSINC502 Assess financial products and services vulnerability to money laundering and counter terrorism financing
• FNSSUP406 Establish and maintain fund or plan.
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© 2016 Commonwealth of Australia
FNS Financial Services Training Package Implementation Guide - Appendix
Version number Release date CommentsVersion 1 March 2015 Primary release of restructured FNS Financial Services Training Package.
This version of FNS Financial Services Training Package contains 46 qualifications and 366 FNS units that have been updated to meet the Standards for Training Packages. It includes eight new units of competency, 155 imported units and four new skill sets.
Qualifications
One qualification removed:
• FNS41611 Certificate IV in Loss Adjusting.
Two qualifications moved to BSB Business Services Training Package:
• FNS50411 Diploma of Conveyancing
• FNS60311 Advanced Diploma of Conveyancing.
Two qualifications based on merged qualifications:
• FNS41915 Certificate IV in Personal Injury Management
• FNS42015 Certificate IV in Banking Services.
Thirteen qualifications updated and not equivalent to FNS10 Financial Services Training Package qualifications:
• FNS30615 Certificate III in Insurance Broking
• FNS40615 Certificate IV in Accounting
• FNS41715 Certificate IV in Insurance Broking
• FNS41915 Certificate IV in Personal Injury Management
• FNS42015 Certificate IV in Banking Services
• FNS50115 Diploma of Personal Injury Management
• FNS50215 Diploma of Accounting
• FNS50815 Diploma of Integrated Risk Management
• FNS51215 Diploma of Insurance Broking
• FNS51415 Diploma of Loss Adjusting
• FNS51715 Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
• FNS60115 Advanced Diploma of Insurance Broking
• FNS60215 Advanced Diploma of Accounting.
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Version number Release date CommentsSkill sets
Four new skill sets:
• FNSSS00005 Commercial law for tax agents skill set
• FNSSS00006 Commercial law for tax (financial) advisers skill set
• FNSSS00008 Tax law for tax agents skill set (tax documentation)
• FNSS00009 Tax law for tax agents skill set (tax plans).
Units of competency
Eight new units of competency:
• FNSIBK406 Deliver professional insurance broking services
• FNSIBK608 Establish and maintain strategic networks and collaborative relationships
• FNSINC502 Assess financial products and services vulnerability to money laundering and terrorism financing
• FNSPIM504 Manage impairment benefit claims
• FNSPIM505 Use medical knowledge in the management of personal injury claims
• FNSTPB503 Apply legal principles in consumer and contract law
• FNSTPB506 Apply taxation requirements when providing tax (financial) advice services
• FNSTPB507 Apply legal principles in commercial law when providing tax (financial) advice services.
Three units of competency removed:
• FNSIBK301A Provide insurance broking services in response to a customer enquiry
• FNSIGN405A Inspect vehicle systems and components and determine preferred repair action
• FNSPIM412A Participate in formal communication processes.
All units of competency re-coded and restructured to meet the Standards for Training Packages.
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Qualifications in the FNS Financial Services Training Package version 2
Qualification code Qualification titleFNS10115 Certificate I in Financial Services
FNS20115 Certificate II in Financial Services
FNS30115 Certificate III in Financial Services
FNS30215 Certificate III in Personal Injury Management
FNS30315 Certificate III in Accounts Administration
FNS30515 Certificate III in General Insurance
FNS30615 Certificate III in Insurance Broking
FNS40115 Certificate IV in Credit Management
FNS40215 Certificate IV in Bookkeeping
FNS40615 Certificate IV in Accounting
FNS40715 Certificate IV in Financial Practice Support
FNS40815 Certificate IV in Finance and Mortgage Broking
FNS40915 Certificate IV in Superannuation
FNS41115 Certificate IV in Financial Markets Operations
FNS41415 Certificate IV in General Insurance
Appendix 1 List of qualifications, skill sets and units of competency
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FNS Financial Services Training Package Implementation Guide - Appendix
Qualification code Qualification titleFNS41515 Certificate IV in Life Insurance
FNS41715 Certificate IV in Insurance Broking
FNS41815 Certificate IV in Financial Services
FNS42015 Certificate IV in Banking Services
FNS42115 Certificate IV in Personal Injury Management
FNS42215 Certificate IV in Personal Trust Administration
FNS50215 Diploma of Accounting
FNS50315 Diploma of Finance and Mortgage Broking Management
FNS50615 Diploma of Financial Planning
FNS50715 Diploma of Superannuation
FNS50815 Diploma of Integrated Risk Management
FNS50915 Diploma of Banking Services Management
FNS51015 Diploma of Financial Markets
FNS51115 Diploma of General Insurance
FNS51215 Diploma of Insurance Broking
FNS51315 Diploma of Life Insurance
FNS51415 Diploma of Loss Adjusting
FNS51515 Diploma of Credit Management
FNS51615 Diploma of Securitisation
FNS51815 Diploma of Financial Services
FNS51915 Diploma of Personal Injury and Disability Insurance Management
FNS52015 Diploma of Personal Trusts
FNS60115 Advanced Diploma of Insurance Broking
FNS60215 Advanced Diploma of Accounting
FNS60415 Advanced Diploma of Financial Planning
FNS60515 Advanced Diploma of Superannuation
FNS60615 Advanced Diploma of Banking Services Management
FNS60715 Advanced Diploma of Financial Licensing Management
FNS60815 Advanced Diploma of Integrated Risk Management
FNS80115 Graduate Diploma of Anti-money Laundering and Counter Terrorism Financing
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FNS Financial Services Training Package Implementation Guide - Appendix
Skill sets in the FNS Financial Services Training Package version 2
Skill set code Skill set titleFNSSS00004 BAS Agent Registration Skill Set
FNSSS00005 Commercial Law for Tax Agents Skill Set
FNSSS00006 Commercial Law for Tax (Financial) Advisers Skill Set
FNSSS00007 Financial Literacy Education Skill Set
FNSSS00008 Tax Law for Tax Agents Skill Set (Tax documentation)
FNSSS00009 Tax Law for Tax Agents Skill Set (Tax plans)
FNSSS00010 Anti-money Laundering and Counter Terrorism Financing Skill Set
FNSSS00011 Post-retirement Skill Set
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Units of competency in the FNS Financial Services Training Package version 2
Unit code Unit titleFNSACC301 Process financial transactions and extract interim reports
FNSACC302 Administer subsidiary accounts and ledgers
FNSACC303 Perform financial calculations
FNSACC401 Process business tax requirements
FNSACC402 Prepare operational budgets
FNSACC403 Make decisions in a legal context
FNSACC404 Prepare financial statements for non-reporting entities
FNSACC405 Maintain inventory records
FNSACC406 Set up and operate a computerised accounting system
FNSACC407 Produce job costing information
FNSACC501 Provide financial and business performance information
FNSACC502 Prepare tax documentation for individuals
FNSACC503 Manage budgets and forecasts
FNSACC504 Prepare financial reports for corporate entities
FNSACC505 Establish and maintain accounting information systems
FNSACC506 Implement and maintain internal control procedures
FNSACC507 Provide management accounting information
FNSACC601 Prepare and administer tax documentation for legal entities
FNSACC602 Audit and report on financial systems and records
FNSACC603 Implement tax plans and evaluate tax obligations
FNSACC604 Monitor corporate governance activities
FNSACC605 Implement organisational improvement programs
FNSACC606 Conduct internal audit
FNSACC607 Evaluate business performance
FNSACC608 Evaluate organisation’s financial performance
FNSACC609 Evaluate financial risk
FNSACC610 Develop and implement financial strategies
FNSACC611 Implement an insolvency program
FNSACC612 Implement reconstruction plan
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Unit code Unit titleFNSACC613 Prepare and analyse management accounting information
FNSACC614 Prepare complex corporate financial reports
FNSACM301 Administer financial accounts
FNSACM302 Prepare, match and process receipts
FNSACM303 Process payment documentation
FNSACM401 Evaluate and authorise payment requests
FNSAML801 Design an anti-money and counter terrorism financing program
FNSAML802 Design and assess controls to monitor money-laundering and terrorism financing risk
FNSAML803 Design and monitor a reporting system for suspicious transactions
FNSAML804 Design customer due diligence policies and procedures
FNSAML805 Manage assessment of organisational vulnerability to money laundering and terrorism financing
FNSAML806 Implement an anti-money and counter terrorism financing program
FNSASIC301 Establish client relationship and analyse needs
FNSASIC302 Develop, present and negotiate client solutions
FNSASIC303 Provide advice on first home saver account deposit products and non-cash payments
FNSASIC304 Provide Tier 2 general advice in general insurance
FNSASIC305 Provide Tier 2 personal advice in general insurance
FNSASICL503 Provide advice in the regulated emissions market
FNSASICM503 Provide Tier 1 personal advice in life insurance
FNSASICN503 Provide Tier 1 personal advice in general insurance
FNSASICO503 Provide Tier 1 general advice in general insurance
FNSASICQ503 Provide advice in first home saver market linked accounts
FNSASICR503 Provide advice in margin lending
FNSASICS503 Provide advice in foreign exchange
FNSASICT503 Provide advice in managed investments
FNSASICU503 Provide advice in superannuation
FNSASICV503 Provide advice in derivatives
FNSASICW503 Provide advice in securities
FNSASICX503 Provide advice in life insurance
FNSASICY503 Provide advice in insurance broking
FNSASICZ503 Provide advice in financial planning
FNSBKG401 Develop and implement policies and procedures relevant to bookkeeping activities
FNSBKG402 Establish and maintain a cash accounting system
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code Unit titleFNSBKG403 Establish and maintain an accrual accounting system
FNSBKG404 Carry out business activity and instalment activity statement tasks
FNSBKG405 Establish and maintain a payroll system
FNSBNK401 Coordinate a small business customer portfolio
FNSBNK402 Align banking products with the needs of small business customers
FNSBNK403 Provide services in a Business Transaction Centre
FNSBNK404 Promote mobile banking services
FNSBNK405 Provide mobile banking sales and service
FNSBNK406 Manage customer visits
FNSBNK501 Manage banking and service strategy for small business customers
FNSBNK502 Manage services in a Business Transaction Centre
FNSBNK503 Provide business advisory services within a financial services context
FNSCMP501 Comply with financial services legislation
FNSCRD301 Process applications for credit
FNSCRD302 Monitor and control accounts receivable
FNSCRD401 Assess credit applications
FNSCRD402 Establish and maintain appropriate security
FNSCRD403 Manage and recover bad and doubtful debts
FNSCRD404 Utilise the legal process to recover outstanding debt
FNSCRD405 Manage overdue customer accounts
FNSCRD501 Respond to personal insolvency situations
FNSCRD502 Manage factoring and invoice discounting arrangements
FNSCRD503 Promote understanding of the role and effective use of consumer credit
FNSCRD504 Manage the credit relationship
FNSCRD505 Respond to corporate insolvency situations
FNSCUS301 Respond to customer enquiries
FNSCUS401 Participate in negotiations
FNSCUS402 Resolve disputes
FNSCUS403 Deliver a professional service to customers
FNSCUS501 Develop and nurture relationships with clients, other professionals and third-party referrers
FNSCUS502 Monitor client requirements
FNSCUS503 Review business performance
FNSCUS504 Manage premium customer relationships
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code Unit titleFNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSCUS601 Establish, manage and monitor key relationships
FNSFLT201 Develop and use a personal budget
FNSFLT202 Develop and use a savings plan
FNSFLT203 Develop knowledge of debt and consumer credit
FNSFLT204 Develop knowledge of superannuation
FNSFLT205 Develop knowledge of the Australian financial system and markets
FNSFLT206 Develop knowledge of taxation
FNSFLT301 Be MoneySmart
FNSFLT401 Be MoneySmart through a career in Small Business
FNSFLT501 Assist customers to budget and manage own finances
FNSFLT502 Facilitate customer awareness of the Australian financial system and markets
FNSFLT503 Promote basic financial literacy skills
FNSFLT504 Facilitate customer understanding of personal financial statements
FNSFLT505 Facilitate customer or employee understanding of superannuation as an investment tool
FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients
FNSFMB402 Identify client needs for broking services
FNSFMB403 Present broking options to client
FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry
FNSFMB502 Identify and develop broking options for clients with complex needs
FNSFMB503 Present broking options to client with complex needs
FNSFMB504 Implement complex loan structures
FNSFMK401 Reconcile financial transactions
FNSFMK402 Develop and maintain knowledge of financial markets products
FNSFMK403 Interpret financial markets information
FNSFMK501 Analyse financial markets and information
FNSFMK502 Analyse financial market products for client
FNSFMK503 Advise clients on financial risk
FNSFMK504 Complete confirmation and settlement processes
FNSFMK505 Comply with financial services legislation and industry codes of practice
FNSFMK506 Detect errors and fraud when processing financial transactions
FNSFMK507 Analyse risk mitigation in the operation process
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Unit code Unit titleFNSFMK508 Monitor and process collateral
FNSFMK509 Process transaction documentation
FNSFMK510 Prepare trading strategies for clients
FNSFMK511 Apply limits when trading
FNSFMK512 Apply knowledge of emissions markets
FNSFMK601 Price financial transactions
FNSFMK602 Hedge financial products
FNSFPL401 Extract and analyse information on specified financial strategies and products
FNSFPL402 Prepare financial plans to set strategies and guidelines
FNSFPL403 Implement financial plans to predetermined guidelines
FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
FNSFPL502 Conduct financial planning analysis and research
FNSFPL503 Develop and prepare financial plan
FNSFPL504 Implement financial plan
FNSFPL505 Review financial plans and provide ongoing service
FNSFPL506 Determine client financial requirements and expectations
FNSFPL507 Provide financial planning advice
FNSFPL508 Conduct complex financial planning research
FNSFPL601 Provide technical and professional guidance
FNSFPL602 Determine client requirements and expectations for clients with complex needs
FNSFPL603 Provide comprehensive monitoring and ongoing service
FNSFPL604 Develop complex and innovative financial planning strategies
FNSFPL605 Present and negotiate complex and innovative financial plans
FNSFPL606 Implement complex and innovative financial plan
FNSIAD301 Provide general advice on financial products and services
FNSIAD501 Provide appropriate services, advice and products to clients
FNSIAD502 Provide appropriate and timely information and advice to clients
FNSIBK302 Provide general advice in general insurance broking products and services
FNSIBK401 Research, analyse and report information in insurance broking
FNSIBK402 Implement new or renewed insurance program for insurance broking clients
FNSIBK403 Place client insurances with insurer and confirm insurance cover with clients
FNSIBK404 Provide a claims service to an insurance broking client
FNSIBK405 Meet industry and legislative guidelines and organisational procedures relating to insurance broking
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Unit code Unit titleFNSIBK406 Deliver professional insurance broking services
FNSIBK507 Review service performance
FNSIBK508 Implement changes to broking client's insurance program
FNSIBK512 Negotiate complex claims settlement for insurance broking client
FNSIBK513 Prepare submission for new business
FNSIBK514 Manage complex risk portfolio for a broking client
FNSIBK515 Monitor broking client requirements and establish loss control programs
FNSIBK601 Develop guidelines for broking services
FNSIBK602 Manage implementation of broking service support systems
FNSIBK603 Manage contractual, legislative and code of practice obligations and requirements
FNSIBK604 Manage a sales plan for insurance broking services
FNSIBK606 Manage compliance requirements for an insurance broking business
FNSIBK607 Lead ethical work practices in an insurance brokerage
FNSIBK608 Establish and maintain strategic networks and collaborative relationships
FNSIGN401 Provide technical guidance
FNSIGN402 Inspect quality of work
FNSIGN403 Estimate jobs
FNSIGN404 Inspect damage and develop scope of work
FNSIGN406 Inspect property for saleable items and determine their value
FNSILA501 Plan and implement loss investigation
FNSILA502 Evaluate collected information
FNSILA503 Report findings and provide guidance to involved parties
FNSILA504 Negotiate and effect settlement
FNSILA505 Provide ancillary services
FNSILD501 Prepare a distribution plan
FNSILD502 Resource a distribution plan
FNSILD503 Establish services to provide advice
FNSILD504 Implement and manage the distribution plan
FNSILF302 Process a life insurance application
FNSILF303 Issue a life insurance policy
FNSILF401 Contribute to the life risk underwriting process
FNSILF402 Settle policy payments and terminations
FNSILF403 Develop and maintain in-depth knowledge of products and services used by the life insurance sector
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code Unit titleFNSILF404 Process requests for policy alterations and assignments
FNSILF405 Evaluate life insurance claims
FNSILF406 Collect and manage information to facilitate claims assessment
FNSILF407 Settle life insurance claims
FNSILF408 Process life insurance contract maturity and surrender payment requests
FNSILF501 Assess extraordinary risks
FNSILF502 Underwrite complex medical life risks
FNSILF503 Underwrite complex non-medical risks
FNSILF504 Manage complex life insurance claims
FNSILF505 Manage ongoing disability claims
FNSILF506 Manage group life insurance claims
FNSILF507 Manage group life insurance policy administration
FNSINC301 Work effectively in the financial services industry
FNSINC401 Apply principles of professional practice to work in the financial services industry
FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector
FNSINC501 Conduct product research to support recommendations
FNSINC502 Assess financial products and services vulnerability to money laundering and terrorism financing
FNSINC601 Apply economic principles to work in the financial services industry
FNSINC602 Interpret and use financial statistics and tools
FNSINC801 Lead compliance with financial services legislation and industry codes of practice
FNSINC802 Develop and build effective relationships with regulators and industry bodies
FNSISV301 Evaluate risk for renewal business
FNSISV302 Process alteration to insurance policy
FNSISV303 Issue contract of insurance
FNSISV304 Issue insurance renewal advice
FNSISV305 Issue insurance cancellation advice
FNSISV306 Receive and record or register a claim
FNSISV307 Follow organisation procedures to process claim
FNSISV308 Process facultative and treaty reinsurance claim
FNSISV309 Settle claims
FNSISV310 Process insurance claims payments
FNSISV401 Evaluate risk for new business
FNSISV402 Underwrite new business
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code Unit titleFNSISV403 Survey potential risk exposure
FNSISV404 Underwrite renewal business
FNSISV405 Analyse insurance claims
FNSISV406 Use specialist terminology in insurance claims
FNSISV407 Use medical terminology in an insurance context
FNSISV501 Issue contracts of insurance covering non-routine and complex situations
FNSISV502 Review operational performance of the portfolio
FNSISV503 Undertake post-loss risk management
FNSISV504 Negotiate treaty reinsurance
FNSISV505 Determine risk rating for investment and insurance products
FNSISV506 Investigate insurance claims
FNSISV507 Implement claim recovery procedures
FNSISV508 Review and advise on claims costs, policies and procedures
FNSISV509 Analyse financial, medical and psychological claims assessments
FNSISV510 Manage non-routine and complex claims
FNSISV511 Settle non-routine and complex claims
FNSISV512 Work with legal teams to resolve complex claims
FNSISV513 Provide decisions on legal liability and indemnity of a claim
FNSISV514 Review and update claim reserves in portfolio
FNSISV515 Evaluate and report on status of claims portfolio
FNSISV516 Allocate authorities and guidelines for distribution
FNSISV517 Review claims settlement policies and procedures
FNSMCA301 Collect debts
FNSMCA302 Repossess property
FNSMCA303 Serve legal process
FNSMCA304 Locate subjects
FNSMCA401 Develop and document case recommendations
FNSMCA402 Initiate legal recovery of debts
FNSORG301 Administer fixed asset register
FNSORG401 Conduct individual work within a compliance framework
FNSORG501 Develop and manage a budget
FNSORG502 Develop and monitor policy and procedures
FNSORG503 Develop a resource plan
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Unit code Unit titleFNSORG504 Monitor and supervise work practices to meet financial services regulatory requirements
FNSORG505 Prepare financial reports to meet statutory requirements
FNSORG506 Prepare financial forecasts and projections
FNSORG507 Manage client service and business information
FNSORG508 Analyse and comment on management reports
FNSORG601 Negotiate to achieve goals and manage disputes
FNSORG602 Develop and manage financial systems
FNSORG603 Establish and prepare operational guidelines in a financial services organisation
FNSORG604 Establish outsourced services and monitor performance
FNSPIM301 Process benefit payments
FNSPIM302 Determine claim liability
FNSPIM303 Work within the personal injury management sector
FNSPIM304 Assess and determine ongoing entitlements
FNSPIM401 Plan and implement rehabilitation and return to work and health strategies
FNSPIM403 Educate clients on personal injury management issues
FNSPIM404 Assist clients with job placement
FNSPIM405 Facilitate a return to work
FNSPIM406 Develop and maintain knowledge of personal injury management insurance
FNSPIM407 Register policy
FNSPIM408 Renew and maintain policy
FNSPIM409 Maintain customer relationship
FNSPIM410 Collect, assess and use information
FNSPIM413 Assist with preparations for conciliation and review hearings
FNSPIM414 Manage personal injury claims
FNSPIM415 Manage personal injury case loads
FNSPIM416 Work effectively in the medical indemnity sector
FNSPIM417 Analyse medical indemnity claims
FNSPIM501 Develop a return to work or injury management strategy
FNSPIM502 Facilitate workplace assessment with stakeholders for personal injury cases
FNSPIM503 Represent personal injury management agent or insurer at reconciliation and review hearings
FNSPIM504 Manage impairment benefit claims
FNSPIM505 Use medical knowledge in the management of personal injury claims
FNSPIM506 Promote the health benefits of returning to work
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Unit code Unit titleFNSPIM507 Manage complex return to work cases
FNSPIM508 Evaluate and improve return to work program within an organisation
FNSPIM509 Comply with regulatory frameworks
FNSPIM510 Implement informed decision making
FNSPIM511 Facilitate setting and achievement of goals
FNSPIM512 Negotiate settlements for medical indemnity claims
FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations
FNSPRM602 Improve the practice
FNSPRM603 Grow the practice
FNSPRM605 Establish or review marketing, client services and supplier relationships
FNSPRM606 Establish or review human resources, administration and information support
FNSPRT302 Administer a non-complex estate
FNSPRT303 Administer a trust with non-complex matters
FNSPRT402 Prepare a will
FNSPRT403 Administer a complex estate
FNSPRT404 Administer a trust dealing with complex matters
FNSPRT405 Establish powers of attorney or financial administration orders
FNSPRT406 Administer powers of attorney or financial administration orders
FNSPRT407 Investigate and substantiate entitlement in an intestate estate
FNSPRT501 Advise clients on trust structures
FNSPRT502 Advise clients in estate planning
FNSPRT504 Apply knowledge of the regulatory environment relevant to trustee organisations
FNSPRT505 Develop and maintain knowledge of financial services and assets
FNSPRT506 Develop understanding of traditional trustee services
FNSPRT507 Apply principles of fiduciary duty, substituted decision making and ethical decision making
FNSPRT508 Administer a charitable trust
FNSRSK401 Implement risk management strategies
FNSRSK501 Undertake risk identification
FNSRSK502 Assess risks
FNSRSK601 Develop and implement risk mitigation plan
FNSRSK602 Determine and manage risk exposure strategies
FNSRTS301 Provide customer service in a retail agency
FNSRTS302 Handle foreign currency transactions
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code Unit titleFNSRTS303 Balance retail transactions
FNSRTS304 Administer debit card services
FNSRTS305 Process customer accounts
FNSRTS306 Process customer transactions
FNSRTS307 Maintain Automatic Teller Machine (ATM) services
FNSRTS308 Balance cash holdings
FNSRTS309 Maintain main bank account
FNSRTS401 Manage credit card services
FNSRTS402 Prepare government returns and reports
FNSSAM301 Identify opportunities for cross-selling products and services
FNSSAM401 Sell financial products and services
FNSSAM402 Implement a sales plan
FNSSAM403 Prospect for new clients
FNSSAM501 Apply advanced selling techniques to selling of financial products and services
FNSSAM502 Assess market needs
FNSSAM503 Monitor market opportunities
FNSSAM601 Monitor performance in sales of financial products or services
FNSSAM602 Identify and evaluate marketing opportunities in the financial services industry
FNSSAM603 Tailor financial products to meet customer needs
FNSSAM604 Establish agreements with intermediaries for product distribution
FNSSMS401 Process self-managed superannuation contribution
FNSSMS501 Invest self-managed superannuation funds assets
FNSSMS502 Manage changes to fund structure
FNSSMS503 Manage administration activities of a superannuation fund
FNSSMS504 Meet self-managed superannuation funds compliance requirements
FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
FNSSMS601 Provide advice in self-managed superannuation funds
FNSSMS602 Consider taxation requirements when advising in self-managed superannuation funds
FNSSMS603 Apply legislative and operational requirements to advising in self-managed superannuation funds
FNSSUP301 Process superannuation fund payments
FNSSUP302 Establish, maintain and process superannuation records
FNSSUP303 Process superannuation contributions
FNSSUP304 Process superannuation rollover benefits
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code Unit titleFNSSUP305 Implement member investment instructions
FNSSUP306 Terminate superannuation plans
FNSSUP401 Process complex superannuation benefit or insurance claim
FNSSUP402 Assist in meeting superannuation compliance requirements
FNSSUP404 Establish and customise employer accounts
FNSSUP406 Establish and maintain fund or plan
FNSSUP407 Assess complex superannuation benefit or insurance claim
FNSSUP408 Participate in fund review practices
FNSSUP409 Provide specialist retirement income stream information to clients
FNSSUP410 Establish and administer retirement income streams
FNSSUP411 Terminate retirement income streams
FNSSUP412 Determine impact of social security entitlements on retirement income
FNSSUP413 Apply knowledge of retirement planning issues when dealing with clients
FNSSUP414 Develop and apply knowledge of aged care
FNSSUP501 Supervise complaints procedures
FNSSUP502 Supervise insurer liaison
FNSSUP503 Develop client relationships with employers and establish superannuation systems
FNSSUP504 Provide advanced customer service to superannuation clients
FNSSUP505 Produce reports for superannuation
FNSSUP506 Supervise and monitor operational guidelines in a superannuation organisation
FNSSUP507 Review compliance with regulatory and contractual requirements
FNSSUP508 Provide effective information to members
FNSSUP509 Work within a defined benefit fund
FNSSUP510 Supervise insurance tender process
FNSSUP601 Liaise with and support trustees
FNSSUP602 Manage official complaints procedures and proceedings
FNSSUP603 Integrate investment strategy with fund operations
FNSTPB503 Apply legal principles in consumer and contract law
FNSTPB504 Apply legal principles in corporations and trusts law
FNSTPB505 Apply legal principles in property law
FNSTPB506 Apply taxation requirements when providing tax (financial) advice services
FNSTPB507 Apply legal principles in commercial law when providing tax (financial) advice services
25
Units of competency with pre-requisitesUnit code and title Prerequisite unit code and titleFNSACC504 Prepare financial reports for corporate entities BSBFIA401 Prepare financial reports
FNSACC301 Process financial transactions and extract interim reports
FNSACC601 Prepare and administer tax documentation for legal entities
FNSACC502 Prepare tax documentation for individuals
FNSACC602 Audit and report on financial systems and records FNSACC506 Implement and maintain internal control procedures
FNSACC603 Implement tax plans and evaluate tax obligations FNSACC502 Prepare tax documentation for individuals
FNSACC606 Conduct internal audit FNSACC506 Implement and maintain internal control procedures
FNSACC607 Evaluate business performance FNSACC501 Provide financial and business performance information
FNSACC608 Evaluate organisation’s financial performance FNSACC501 Provide financial and business performance information
FNSACC609 Evaluate financial risk FNSACC501 Provide financial and business performance information
FNSACC610 Develop and implement financial strategies FNSACC501 Provide financial and business performance information
FNSACC613 Prepare and analyse management accounting information
FNSACC507 Provide management accounting information
FNSACC614 Prepare complex corporate financial reports FNSACC504 Prepare financial reports for corporate entities
FNSASIC303 Provide advice on first home saver account deposit products and non-cash payments
FNSASIC301 Establish client relationship and analyse needs
FNSASIC302 Develop, present and negotiate client solutions
FNSASICL503 Provide advice in the regulated emissions market FNSFMK501 Analyse financial markets and information
FNSFMK502 Analyse financial market products for client
FNSFMK503 Advise clients on financial risk
FNSFMK512 Apply knowledge of the emissions market
FNSASICQ503 Provide advice in first home saver market linked accounts
FNSINC501 Conduct product research to support recommendations
FNSIAD501 Provide appropriate services, advice and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
26
Unit code and title Prerequisite unit code and titleFNSASICR503 Provide advice in margin lending FNSINC501 Conduct product research to support
recommendations
FNSIAD501 Provide appropriate services, advice and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSAISCS503 Provide advice in foreign exchange FNSINC501 Conduct product research to support recommendations
FNSIAD501 Provide appropriate services, advice and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSASICT503 Provide advice in managed investments FNSINC501 Conduct product research to support recommendations
FNSIAD501 Provide appropriate services, advice and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSASICU503 Provide advice in superannuation FNSINC501 Conduct product research to support recommendations
FNSIAD501 Provide appropriate services, advices and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSASICV503 Provide advice in derivatives FNSFMK502 Analyse financial market products for client
FNSFMK503 Advise clients on financial risk
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code and title Prerequisite unit code and titleFNSASICW503 Provide advice in securities FNSFMK502 Analyse financial market products for client
FNSFMK503 Advise clients on financial risk
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSASICX503 Provide advice in life insurance FNSINC501 Conduct product research to support recommendations
FNSIAD501 Provide appropriate services, advice and products to clients
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSASICY503 Provide advice in insurance broking FNSIBK406 Deliver professional insurance broking services
FNSIBK508 Implement changes to broking client’s insurance program
FNSIBK513 Prepare submission for new business
FNSASICZ503 Provide advice in financial planning FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
FNSFPL502 Conduct financial planning analysis and research
FNSFPL503 Develop and prepare financial plan
FNSFPL504 Implement financial plan
FNSFPL505 Review financial plans and provide ongoing service
FNSBKG403 Establish and maintain an accrual accounting system
FNSBKG402 Establish and maintain a cash accounting system
FNSCRD505 Respond to corporate insolvency situations FNSCRD501 Respond to personal insolvency situations
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FNS Financial Services Training Package Implementation Guide - Appendix
Imported units of competencyA range of units of competency have been imported into the FNS Financial Services Training Package to provide greater flexibility, choice and transferability of skills within the industry.
Imported unit code Imported unit title OriginBSBADM311 Maintain business resources BSB Business Services
Training Package
BSBADM405 Organise meetings BSB Business Services Training Package
BSBADM502 Manage meetings BSB Business Services Training Package
BSBCMM301 Process customer complaints BSB Business Services Training Package
BSBCMM401 Make a presentation BSB Business Services Training Package
BSBCNV501 Take instructions in relation to a transaction BSB Business Services Training Package
BSBCNV502 Read and interpret a legal document and provide advice BSB Business Services Training Package
BSBCNV503 Analyse and interpret legal requirements for a transaction BSB Business Services Training Package
BSBCNV506 Establish and manage a trust account BSB Business Services Training Package
BSBCOM401 Organise and monitor the operation of compliance management system
BSB Business Services Training Package
BSBCOM402 Implement processes for the management of a breach in compliance requirements
BSB Business Services Training Package
BSBCOM405 Promote compliance with legislation BSB Business Services Training Package
BSBCOM406 Conduct work within a compliance framework BSB Business Services Training Package
BSBCOM501 Identify and interpret compliance requirements BSB Business Services Training Package
BSBCOM503 Develop processes for the management of breaches in compliance requirements
BSB Business Services Training Package
BSBCOM602 Develop and create compliance requirements BSB Business Services Training Package
29
Imported unit code Imported unit title OriginBSBCOM603 Plan and establish compliance management systems BSB Business Services
Training Package
BSBCUE203 Conduct customer engagement BSB Business Services Training Package
BSBCUE301 Use multiple information systems BSB Business Services Training Package
BSBCUE303 Conduct a telemarketing campaign BSB Business Services Training Package
BSBCUE304 Provide sales solutions to customers BSB Business Services Training Package
BSBCUE307 Work effectively in customer engagement BSB Business Services Training Package
BSBCUE309 Develop product and service knowledge for customer engagement operation
BSB Business Services Training Package
BSBCUE404 Collect, analyse and record information BSB Business Services Training Package
BSBCUE405 Survey stakeholders to gather and record information BSB Business Services Training Package
BSBCUE407 Administer customer engagement technology BSB Business Services Training Package
BSBCUE504 Integrate customer engagement within the organisation BSB Business Services Training Package
BSBCUS301 Deliver and monitor a service to customers BSB Business Services Training Package
BSBCUS401 Coordinate implementation of customer service strategies BSB Business Services Training Package
BSBCUS402 Address customer needs BSB Business Services Training Package
BSBCUS403 Implement customer service standards BSB Business Services Training Package
BSBCUS501 Manage quality customer service BSB Business Services Training Package
BSBFIA301 Maintain financial records BSB Business Services Training Package
30
Imported unit code Imported unit title OriginBSBFIA302 Process payroll BSB Business Services
Training Package
BSBFIA304 Maintain a general ledger BSB Business Services Training Package
BSBFIA401 Prepare financial reports BSB Business Services Training Package
BSBFIM501 Manage budgets and financial plans BSB Business Services Training Package
BSBFLM303 Contribute to effective workplace relationships BSB Business Services Training Package
BSBFLM305 Support operational plan BSB Business Services Training Package
BSBFLM309 Support continuous improvement systems and processes BSB Business Services Training Package
BSBFRA301 Work within a franchise BSB Business Services Training Package
BSBFRA403 Manage relationship with franchisor BSB Business Services Training Package
BSBGOV403 Analyse financial reports and budgets BSB Business Services Training Package
BSBHRM506 Manage recruitment selection and induction processes BSB Business Services Training Package
BSBHRM604 Manage employee relations BSB Business Services Training Package
BSBINM302 Utilise a knowledge management system BSB Business Services Training Package
BSBINM401 Implement workplace information system BSB Business Services Training Package
BSBINM501 Manage an information or knowledge management system BSB Business Services Training Package
BSBINM601 Manage knowledge and information BSB Business Services Training Package
BSBINN301 Promote innovation in a team environment BSB Business Services Training Package
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FNS Financial Services Training Package Implementation Guide - Appendix
Imported unit code Imported unit title OriginBSBINN501 Establish systems that support innovation BSB Business Services
Training Package
BSBINN502 Build and sustain an innovative work environment BSB Business Services Training Package
BSBINN601 Lead and manage organisational change BSB Business Services Training Package
BSBITB501 Establish and maintain a workgroup computer network BSB Business Services Training Package
BSBITS401 Maintain business technology BSB Business Services Training Package
BSBITU304 Produce spreadsheets BSB Business Services Training Package
BSBITU305 Conduct online transactions BSB Business Services Training Package
BSBITU306 Design and produce business documents BSB Business Services Training Package
BSBITU402 Develop and use complex spreadsheets BSB Business Services Training Package
BSBLDR402 Lead effective workplace relationships BSB Business Services Training Package
BSBLDR403 Lead team effectiveness BSB Business Services Training Package
BSBLDR502 Lead and manage effective workplace relationships BSB Business Services Training Package
BSBLDR803 Develop and cultivate collaborative partnerships and relationships BSB Business Services Training Package
BSBLED503 Maintain and enhance professional practice BSB Business Services Training Package
BSBLEG301 Apply knowledge of the legal system to complete tasks BSB Business Services Training Package
BSBLEG413 Identify and apply the legal framework BSB Business Services Training Package
BSBLEG415 Apply the principles of contract law BSB Business Services Training Package
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FNS Financial Services Training Package Implementation Guide - Appendix
Imported unit code Imported unit title OriginBSBLEG513 Apply legal principles in corporations law matters BSB Business Services
Training Package
BSBMGT401 Show leadership in the workplace BSB Business Services Training Package
BSBMGT402 Implement operational plan BSB Business Services Training Package
BSBMGT403 Implement continuous improvement BSB Business Services Training Package
BSBMGT405 Provide personal leadership BSB Business Services Training Package
BSBMGT502 Manage people performance BSB Business Services Training Package
BSBMGT516 Facilitate continuous improvement BSB Business Services Training Package
BSBMGT517 Manage operational plan BSB Business Services Training Package
BSBMGT605 Provide leadership across the organisation BSB Business Services Training Package
BSBMGT608 Manage innovation and continuous improvement BSB Business Services Training Package
BSBMGT615 Contribute to organisation development BSB Business Services Training Package
BSBMGT616 Develop and implement strategic plans BSB Business Services Training Package
BSBMGT617 Develop and implement a business plan BSB Business Services Training Package
BSBMGT802 Lead design and review of enterprise systems BSB Business Services Training Package
BSBMKG501 Identify and evaluate marketing opportunities BSB Business Services Training Package
BSBPMG411 Apply project quality-management techniques BSB Business Services Training Package
BSBPMG412 Apply project cost-management techniques BSB Business Services Training Package
33
Imported unit code Imported unit title OriginBSBPMG415 Apply project risk-management techniques BSB Business Services
Training Package
BSBPMG517 Manage project risk BSB Business Services Training Package
BSBPMG521 Manage project integration BSB Business Services Training Package
BSBPMG522 Undertake project work BSB Business Services Training Package
BSBPMG803 Manage and review portfolio performance BSB Business Services Training Package
BSBPMG805 Lead the portfolio BSB Business Services Training Package
BSBPMG806 Manage portfolio communications and change BSB Business Services Training Package
BSBPMG808 Manage portfolio risk BSB Business Services Training Package
BSBREL402 Build client relationships and business networks BSB Business Services Training Package
BSBRES401 Analyse and present research information BSB Business Services Training Package
BSBRKG303 Retrieve information from records BSB Business Services Training Package
BSBRKG304 Maintain business records BSB Business Services Training Package
BSBRKG404 Monitor and maintain records in an online environment BSB Business Services Training Package
BSBRSK401 Identify risk and apply risk management processes BSB Business Services Training Package
BSBRSK501 Manage risk BSB Business Services Training Package
BSBSLS501 Develop a sales plan BSB Business Services Training Package
BSBSLS502 Lead and manage a sales team BSB Business Services Training Package
34
Imported unit code Imported unit title OriginBSBSMB401 Establish legal and risk management requirements of small business BSB Business Services
Training Package
BSBSMB405 Monitor and manage small business operations BSB Business Services Training Package
BSBSMB407 Manage a small team BSB Business Services Training Package
BSBSMB409 Build and maintain relationships with small business stakeholders BSB Business Services Training Package
BSBSMB411 Manage specialist external advisory services BSB Business Services Training Package
BSBSMB412 Introduce cloud computing into business operations BSB Business Services Training Package
BSBSUS401 Implement and monitor environmentally sustainable work practices BSB Business Services Training Package
BSBSUS501 Develop workplace policy and procedures for sustainability BSB Business Services Training Package
BSBWHS201 Contribute to health and safety of self and others BSB Business Services Training Package
BSBWHS303 Participate in WHS hazard identification, risk assessment and risk control
BSB Business Services Training Package
BSBWHS404 Contribute to WHS hazard identification, risk assessment and risk control
BSB Business Services Training Package
BSBWHS503 Contribute to the systematic management of WHS risk BSB Business Services Training Package
BSBWHS504 Manage WHS risks BSB Business Services Training Package
BSBWHS507 Contribute to managing WHS information systems BSB Business Services Training Package
BSBWHS508 Manage WHS hazards associated with plant BSB Business Services Training Package
BSBWHS510 Contribute to implementing emergency procedures BSB Business Services Training Package
BSBWHS603 Implement WHS risk management BSB Business Services Training Package
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FNS Financial Services Training Package Implementation Guide - Appendix
Imported unit code Imported unit title OriginBSBWHS604 Evaluate the WHS performance of organisations BSB Business Services
Training Package
BSBWHS605 Develop, implement and maintain WHS management systems BSB Business Services Training Package
BSBWHS606 Conduct a WHS audit BSB Business Services Training Package
BSBWHS607 Apply ergonomics to manage WHS risks BSB Business Services Training Package
BSBWHS608 Assist with applying occupational hygiene to manage WHS risks BSB Business Services Training Package
BSBWHS609 Advise on the application of safe design principles to control WHS risks BSB Business Services Training Package
BSBWOR203 Work effectively with others BSB Business Services Training Package
BSBWOR204 Use business technology BSB Business Services Training Package
BSBWOR301 Organise personal work priorities and development BSB Business Services Training Package
BSBWOR404 Develop work priorities BSB Business Services Training Package
BSBWOR501 Manage personal work priorities and professional development BSB Business Services Training Package
BSBWOR502 Lead and manage team effectiveness BSB Business Services Training Package
BSBWRT301 Write simple documents BSB Business Services Training Package
CHCCCS025 Support relationships with carers and families CHC Community Services Training Package
CHCCCS028 Provide client-centred support to people in crisis CHC Community Services Training Package
CHCCOM002 Use communication to build relationships CHC Community Services Training Package
CHCCSM004 Coordinate complex case requirements CHC Community Services Training Package
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FNS Financial Services Training Package Implementation Guide - Appendix
Imported unit code Imported unit title OriginCHCCSM006 Provide case management supervision CHC Community Services
Training Package
CHCDIS004 Communicate using augmentative and alternative communication strategies
CHC Community Services Training Package
CHCDIV001 Work with diverse people CHC Community Services Training Package
MSMSUP390 Use structured problem solving tools MSM Manufacturing Training Package
PSPGOV415A Provide workplace coaching PSP12 Public Sector Training Package
PSPGOV509A Conduct evaluations PSP12 Public Sector Training Package
PSPGOV511A Provide leadership PSP12 Public Sector Training Package
PSPGOV516A Develop and use emotional intelligence PSP12 Public Sector Training Package
PSPIM402A Undertake initial rehabilitation assessments PSP12 Public Sector Training Package
PSPIM404A Conduct situational workplace assessments PSP12 Public Sector Training Package
PSPIM405A Develop return to work plans PSP12 Public Sector Training Package
PSPIM406A Implement and monitor return to work plans PSP12 Public Sector Training Package
PSPIM504A Contribute to a quality injury management system PSP12 Public Sector Training Package
TAEDEL402A Plan, organise and facilitate learning in the workplace TAE Training and Education Training Package
TAEDEL404A Mentor in the workplace TAE Training and Education Training Package
37
Mapping informationThe information provided is a general summary only. IBSA recommends using the Compare Content Tool available on the training.gov.au (TGA) website for more information about specific changes. Visit https://www.youtube.com/watch?v=EjhNe3Bu0H4 to watch a video on how to use this tool.
Appendix 2 Mapping information
38
Qualification mappingMapping from FNS Financial Services Training Package version 1.1 to FNS Financial Services Training Package version 2.
Qualification code and title FNS Financial Services version 1.1
Qualification code and title FNS Financial Services version 2
Comments Eqivalence to previous qualification
FNS30115 Certificate III in Financial Services
FNS30115 Certificate III in Financial Services
Industry Skills Council (ISC ) upgrade to correct typographical errors
Equivalent qualification
FNS30215 Certificate III in Personal Injury Management
FNS30215 Certificate III in Personal Injury Management
ISC upgrade to correct typographical errors Equivalent qualification
FNS30315 Certificate III in Accounts Administration
FNS30315 Certificate III in Accounts Administration
ISC upgrade to correct typographical errors Equivalent qualification
FNS30415 Certificate III in Mercantile Agents
Not applicable Qualification removed
FNS30515 Certificate III in General Insurance
FNS30515 Certificate III in General Insurance
ISC upgrade to correct typographical errors Equivalent qualification
FNS40715 Certificate IV in Financial Practice Support
FNS40715 Certificate IV in Financial Practice Support
ISC upgrade to correct typographical errors Equivalent qualification
FNS40915 Certificate IV in Superannuation
FNS40915 Certificate IV in Superannuation
New elective units added covering FNSSS00011 Post-retirement skill set
Equivalent qualification
FNS41315 Certificate IV in Personal Trust Administration
FNS42215 Certificate IV in Personal Trust Administration
Change to core units of competency - FNSPRT505 added and FNSPRT407 moved to electives
New elective units of competency added to qualification to meet industry requirements
No equivalent qualification
FNS41815 Certificate IV in Financial Services
FNS41815 Certificate IV in Financial Services
New elective units added covering FNSSS00011 Post-retirement skill set
Equivalent qualification
FNS41915 Certificate IV in Personal Injury Management
FNS42115 Certificate IV in Personal Injury Management
Changes to core unit
Three new electives added to cover medical indemnity sector
No equivalent qualification
FNS50115 Diploma of Personal Injury Management
FNS51915 Diploma of Personal Injury and Disability Insurance Management
New electives added
Change to core - FNSPIM509 replaces FNSFMK505
No equivalent qualification
FNS50215 Diploma of Accounting
FNS50215 Diploma of Accounting
ISC upgrade to correct typographical errors Equivalent qualification
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© 2016 Commonwealth of Australia
FNS Financial Services Training Package Implementation Guide - Appendix
Qualification code and title FNS Financial Services version 1.1
Qualification code and title FNS Financial Services version 2
Comments Eqivalence to previous qualification
FNS50315 Diploma of Finance and Mortgage Broking Management
FNS50315 Diploma of Finance and Mortgage Broking Management
ISC upgrade to correct typographical errors Equivalent qualification
FNS50515 Diploma of Personal Trustees
FNS52015 Diploma of Personal Trusts
Changes to four core units - replaced with four new units
New elective units of competency added to qualification to meet industry requirements
No equivalent qualification
FNS50615 Diploma of Financial Planning
FNS50615 Diploma of Financial Planning
ISC upgrade to remove clause in packaging rules around the selection of elective ASIC units to allow greater flexibility
Equivalent qualification
FNS50915 Diploma of Banking Services Management
FNS50915 Diploma if Banking Services Management
ISC upgrade to correct typographical errors Equivalent qualification
FNS51015 Diploma of Financial Markets
FNS51015 Diploma of Financial Markets
ISC upgrade to remove clause in packaging rules around the selection of elective ASIC units to allow greater flexibility
Equivalent qualification
FNS51715 Diploma of Applied Anti-money Laundering and Counter Terrorism Financing Management
Not applicable Qualification removed Not applicable
FNS51815 Diploma of Financial Services
FNS51815 Diploma of Financial Services
ISC upgrade to correct typographical errors Equivalent qualification
FNS60415 Advanced Diploma of Financial Planning
FNS60415 Advanced Diploma of Financial Planning
ISC upgrade to remove clause in packaging rules around the selection of elective ASIC units to allow greater flexibility
Equivalent qualification
FNS60515 Advanced Diploma of Superannuation
FNS60515 Advanced Diploma of Superannuation
ISC upgrade to correct typographical errors Equivalent qualification
FNS60615 Advanced Diploma of Banking Services Management
FNS60615 Advanced Diploma of Banking Services Management
ISC upgrade to correct typographical errors Equivalent qualification
FNS60715 Advanced Diploma of Financial Licensing Mnagement
FNS60715 Advanced Diploma of Financial Licensing Mnagement
ISC upgrade to remove clause in packaging rules around the selection of elective ASIC units to allow greater flexibility
Equivalent qualification
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FNS Financial Services Training Package Implementation Guide - Appendix
Qualification code and title FNS Financial Services version 1.1
Qualification code and title FNS Financial Services version 2
Comments Eqivalence to previous qualification
Not applicable FNS80115 Graduate Diploma of Anti-money Laundering and Counter Terrorism Financing
New qualification Not applicable
Skill set mappingMapping from FNS Financial Services Training Package version 1.1 to FNS Financial Services Training Package version 2.
Skill set code and title FNS Financial Services version 1.1
Skill set code and title FNS Financial Services version 2
Comments Eqivalence to previous skill set
FNSSS00007 Financial Literacy Education Skill Set
FNSSS00007 Financial Literacy Education Skill Set
ISC upgrade to correct typographical errors Equivalent skill set
FNSSS00009 Tax Law for Tax Agents Skill Set (Tax plans)
FNSSS00009 Tax Law for Tax Agents Skill Set (Tax plans)
ISC upgrade to correct typographical errors Equivalent skill set
Not applicable FNSSS00010 Anti-money Laundering and Counter Terrorism Financing Skill Set
New skill set Not applicable
Not applicable FNSSS00011 Post-retirement Skill Set
New skill set Not applicable
41
Unit mappingMapping from FNS Financial Services Training Package version 1.1 to FNS Financial Services Training Package version 2.
Unit code and title FNS Financial Services version 1.1
Unit code and title FNS Financial Services version 2
Comments Equivalence to previous unit
Not applicable FNSAML801 Design an anti-money and counter terrorism financing program
New unit Not applicable
Not applicable FNSAML802 Design and assess controls to monitor money-laundering and terrorism financing risk
New unit Not applicable
Not applicable FNSAML803 Design and monitor a reporting system for suspicious transactions
New unit Not applicable
Not applicable FNSAML804 Design customer due diligence policies and procedures
New unit Not applicable
Not applicable FNSAML805 Manage assessment of organisational vulnerability to money laundering and terrorism financing
New unit Not applicable
Not applicable FNSAML806 Implement an anti-money and counter terrorism financing program
New unit Not applicable
Not applicable FNSINC801 Lead compliance with financial services legislation and industry codes of practice
New unit Not applicable
Not applicable FNSINC802 Develop and build effective relationships with regulators and industry bodies
New unit Not applicable
Not applicable FNSPIM416 Work effectively in the medical indemnity sector
New unit Not applicable
42
Unit code and title FNS Financial Services version 1.1
Unit code and title FNS Financial Services version 2
Comments Equivalence to previous unit
Not applicable FNSPIM417 Analyse medical indemnity claims
New unit Not applicable
Not applicable FNSPIM506 Promote the health benefits of returning to work
New unit Not applicable
Not applicable FNSPIM507 Manage complex return to work cases
New unit Not applicable
Not applicable FNSPIM508 Evaluate and improve return to work program within an organisation
New unit Not applicable
Not applicable FNSPIM509 Comply with regulatory frameworks
New unit Not applicable
Not applicable FNSPIM510 Implement informed decision making
New unit Not applicable
Not applicable FNSPIM511 Facilitate setting and achievement of goals
New unit Not applicable
Not applicable FNSPIM512 Negotiate settlements for medical indemnity claims
New unit Not applicable
FNSPIM412 Participate in formal communication processes
Not applicable Unit of competency removed Not applicable
FNSPRT301 Establish entitlements to an intestate estate
Not applicable Unit of competency removed Not applicable
FNSPRT302 Administer a non-complex estate
FNSPRT302 Administer a non-complex estate
Rewritten and clarified performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT303 Administer a non-complex trust
FNSPRT303 Administer a trust with non-complex matters
Rewritten and clarified performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code and title FNS Financial Services version 1.1
Unit code and title FNS Financial Services version 2
Comments Equivalence to previous unit
FNSPRT401 Administer an intestate estate
FNSPRT407 Investigate and substantiate entitlement in an intestate estate
Rewritten and clarified performance criteria
An element on genealogical research added and distribute and finalise elements combined into one
Additional requirements added to Knowledge Evidence
No equivalent unit
FNSPRT402 Prepare a will FNSPRT402 Prepare a will Minor edits and re-ordering of performance criteria
Some elements combined
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT403 Administer a complex estate
FNSPRT403 Administer a complex estate
New performance criteria added to clarify intent of element 3
Other minor edits to performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT404 Administer a trust dealing with complex matters
FNSPRT404 Administer a trust dealing with complex matters
Rewritten and ordered performance criteria to clarify intent of elements
Minor edits to performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT405 Establish powers of attorney or financial administration orders
FNSPRT405 Establish powers of attorney or financial administration orders
Minor edits to performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT406 Administer powers of attorney or financial administration orders
FNSPRT406 Administer powers of attorney or financial administration orders
Minor edits to clarify intent of performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
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FNS Financial Services Training Package Implementation Guide - Appendix
Unit code and title FNS Financial Services version 1.1
Unit code and title FNS Financial Services version 2
Comments Equivalence to previous unit
FNSPRT501 Advise clients on trust structures
FNSPRT501 Advise clients on trust structures
Rewritten and ordered performance criteria to clarify intent of elements
Minor edits to performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT502 Advise clients in estate planning
FNSPRT502 Advise clients in estate planning
Rewritten and re-ordered performance criteria to clarify intent of elements
Element 1 split; a new Element 2
Other minor edits to performance criteria
Additional requirements added to Knowledge Evidence
Equivalent unit
FNSPRT503 Assess, allocate and supervise work within the personal trustee sector
Not applicable Unit of competency removed from training package as there was nothing specific to industry
Not applicable
Not applicable FNSPRT504 Apply knowledge of the regulatory environment relevant to trustee organisations
New unit Not applicable
Not applicable FNSPRT505 Develop and maintain knowledge of financial services and assets
New unit Not applicable
Not applicable FNSPRT506 Develop understanding of traditional trustee services
New unit Not applicable
Not applicable FNSPRT507 Apply principles of fiduciary duty, substituted decision making and ethical decision making
New unit Not applicable
Not applicable FNSPRT508 Administer a charitable trust
New unit Not applicable
45
Unit code and title FNS Financial Services version 1.1
Unit code and title FNS Financial Services version 2
Comments Equivalence to previous unit
Not applicable FNSSUP409 Provide specialist retirement income stream information to clients
New unit Not applicable
FNSSUP403 Administer retirement income streams
FNSSUP410 Establish and administer retirement income streams
Title change
Establish retirement income streams added to reflect industry practice
No equivalent unit
Not applicable FNSSUP411 Terminate retirement income streams
New unit Not applicable
Not applicable FNSSUP412 Determine impact of social security entitlements on retirement income
New unit Not applicable
Not applicable FNSSUP413 Apply knowledge of retirement planning issues when dealing with clients
New unit Not applicable
Not applicable FNSSUP414 Develop and apply knowledge of aged care
New unit Not applicable
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Published by: Innovation & Business Skills Australia Level 11, 176 Wellington Parade East Melbourne VIC 3002 Phone: +61 3 9815 7000 Fax: +61 3 9815 7001 www.ibsa.org.au email: reception@ibsa.org.au
First Published: March 2015 Stock code: CP-FNSTPIG1 ISBN: 978-1-925123-34-0 Print version no: 3 Release Date: January 2016
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