Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSCNV506A Mapping and Delivery Guide
Establish and manage a trust account
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSCNV506A - Establish and manage a trust account |
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Description | This unit describes the performance outcomes, skills and knowledge required to establish, manage and administer a trust or controlled money account in a conveyancing practice.It encompasses reviewing for compliance with trust accounts requirements, establishing and managing trust accounts, maintaining records of trust transactions, and monitoring and reviewing of trust accounts.This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | The unit has application to job roles involving establishing and managing a trust account in a conveyancing practice. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Review trust account for compliance with trust account requirements |
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Element: Establish and manage trust accounts |
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Element: Manage and control trust accounts |
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Element: Monitor and review trust accounts |
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Element: Authorise and verify trust accounts |
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