Assessor Resource

FNSSUP601
Liaise with and support trustees

Assessment tool

Version 1.0
Issue Date: May 2024


This unit describes the skills and knowledge required to determine trustee requirements, provide support to trustees, make recommendations to trustees and implement trustee decisions.

It applies to individuals who use specialised industry knowledge and problem-solving skills to contribute to continuous improvement and implement decisions relating to the management of funds.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine trustee requirements

1.1 Establish communication and documentation requirements of trustees

1.2 Determine support requirements of trustees

1.3 Establish legislative and regulatory requirements in trustee liaisons

1.4 Implement operational procedure for working with trustees

2. Provide support to trustees

2.1 Provide support to trustees in a range of areas

2.2 Update trustees on progress in relevant areas

2.3 Provide trustees with required information to implement trustee responsibilities

2.4 Resolve fund issues within limits of own responsibility

2.5 Manage according to organisational procedures

3. Make recommendations to trustees

3.1 Report on performance regarding standards achieved

3.2 Document recommendations clearly and logically

3.3 Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate

4. Implement trustee decisions

4.1 Clearly define trustee decisions and identify implications

4.2 Communicate trustee decisions to appropriate personnel

4.3 Initiate, supervise and monitor implementation of trustee decisions

4.4 Provide confirmation of implementation to trustees

Evidence of the ability to:

determine trustee requirements and provide support to trustees

make recommendations to trustees and implement their decisions

monitor specialist services and make recommendations for improvement to fund service and performance.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify the communication and documentation requirements of trustees

outline documentation management requirements

explain the key compliance and reporting requirements of legislation and regulation relating to:

superannuation

taxation

corporations

compare and contrast industry products and services

outline key features of organisational procedures for:

ensuring compliance

managing specialist services

performance management

explain risk management strategies

discuss the role and responsibilities of trustees

identify and outline timeframe requirements for compliance reports for specialist services.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the superannuation field of work and include access to:

common office equipment, technology, software and consumables

organisational financial records

organisational policy and procedures

legislation and regulatory information.

Assessors must satisfy NVR/AQTF assessor requirements.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine trustee requirements

1.1 Establish communication and documentation requirements of trustees

1.2 Determine support requirements of trustees

1.3 Establish legislative and regulatory requirements in trustee liaisons

1.4 Implement operational procedure for working with trustees

2. Provide support to trustees

2.1 Provide support to trustees in a range of areas

2.2 Update trustees on progress in relevant areas

2.3 Provide trustees with required information to implement trustee responsibilities

2.4 Resolve fund issues within limits of own responsibility

2.5 Manage according to organisational procedures

3. Make recommendations to trustees

3.1 Report on performance regarding standards achieved

3.2 Document recommendations clearly and logically

3.3 Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate

4. Implement trustee decisions

4.1 Clearly define trustee decisions and identify implications

4.2 Communicate trustee decisions to appropriate personnel

4.3 Initiate, supervise and monitor implementation of trustee decisions

4.4 Provide confirmation of implementation to trustees

Evidence of the ability to:

determine trustee requirements and provide support to trustees

make recommendations to trustees and implement their decisions

monitor specialist services and make recommendations for improvement to fund service and performance.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify the communication and documentation requirements of trustees

outline documentation management requirements

explain the key compliance and reporting requirements of legislation and regulation relating to:

superannuation

taxation

corporations

compare and contrast industry products and services

outline key features of organisational procedures for:

ensuring compliance

managing specialist services

performance management

explain risk management strategies

discuss the role and responsibilities of trustees

identify and outline timeframe requirements for compliance reports for specialist services.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the superannuation field of work and include access to:

common office equipment, technology, software and consumables

organisational financial records

organisational policy and procedures

legislation and regulatory information.

Assessors must satisfy NVR/AQTF assessor requirements.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Establish communication and documentation requirements of trustees 
Determine support requirements of trustees 
Establish legislative and regulatory requirements in trustee liaisons 
Implement operational procedure for working with trustees 
Provide support to trustees in a range of areas 
Update trustees on progress in relevant areas 
Provide trustees with required information to implement trustee responsibilities 
Resolve fund issues within limits of own responsibility 
Manage according to organisational procedures 
Report on performance regarding standards achieved 
Document recommendations clearly and logically 
Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate 
Clearly define trustee decisions and identify implications 
Communicate trustee decisions to appropriate personnel 
Initiate, supervise and monitor implementation of trustee decisions 
Provide confirmation of implementation to trustees 

Forms

Assessment Cover Sheet

FNSSUP601 - Liaise with and support trustees
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSSUP601 - Liaise with and support trustees

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: