Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSCRD501A Mapping and Delivery Guide
Respond to personal insolvency situations
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSCRD501A - Respond to personal insolvency situations |
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Description | This unit describes the performance outcomes, skills and knowledge required to respond to personal insolvency and its impact on creditors, and determine actions to be undertaken in an insolvency situation.This unit has application to a variety of financial services sectors and is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements so the varying Commonwealth, State or Territory requirements should be confirmed with the relevant body. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit may be adapted to meet the specific needs of debt recovery and credit management in all financial sectors and work environments. | ||
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: Monitor the status of the insolvency and analyse potential risk |
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Element: Determine appropriate action |
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Element: Review the circumstances which led to the personal insolvency situation |
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