Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSPRT403 Mapping and Delivery Guide
Administer a complex estate
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSPRT403 - Administer a complex estate |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to apply for administration, identify assets, liabilities and beneficiaries to distribute and finalise a complex estate.It applies to individuals who are senior level personal trust officers and may be required to identify and manage complex matters of, and administer, an estate. They may also locate beneficiaries, identify estate assets and liabilities and prepare and lodge tax returns and financial statements to distribute and finalise the estate. 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. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the personal trustee field of work and include access to: common office equipment, technology, software and consumables appropriate legislation and regulations relevant to administering a complex estate organisational reference materials such as policies, procedures, manuals and checklists the internet for searches. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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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: Initiate estate administration process |
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Element: Identify, collect and distribute assets |
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Element: Ensure legal and financial requirements are finalised |
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Element: Identify estate assets, liabilities and beneficiaries |
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Element: Distribute and finalise estate |
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