Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSPRM601A Mapping and Delivery Guide
Establish, supervise and monitor practice systems to conform with legislation and regulations
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSPRM601A - Establish, supervise and monitor practice systems to conform with legislation and regulations |
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Description | This unit describes the performance outcomes, skills and knowledge required to establish, supervise and monitor systems to ensure that a practice or unit of business conforms to legislative and regulatory requirements and meets standards defined in professional codes of practice.This unit has application to 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 requires the application of administrative and organisational skills and may be applied to a professional practice or to a discrete unit of a larger organisation in any sector of the financial services industry.This unit does not cover the skills and knowledge required for meeting Australian Securities and Investments Commission (ASIC) requirements of an individual financial planning licensee or authorised representative. | ||
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: Identify legislation, regulations and codes of practice relevant to the practice |
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Element: Establish and document procedures for compliance of the practice with relevant legislation, regulations and codes of practice |
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Element: Establish risk management procedures for compliance with legislation and regulations |
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Element: Identify and establish appropriate resources for ensuring the practice can meet its legislative and regulatory requirements |
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