Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSSUP406A Mapping and Delivery Guide
Establish and maintain fund or plan
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSSUP406A - Establish and maintain fund or plan |
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Description | This unit describes the performance outcomes, skills and knowledge required to establish and maintain a superannuation fund or plan. It encompasses interpreting fund or plan details, seeking specialist advice when necessary, establishing systems and administrative procedures to meet requirements, creating client records and updating plan designs.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC). | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to job roles establishing and maintaining a fund or plan consistent with small Australian Prudential Regulation Authority (APRA) funds and has application to employers, Trustees and advisory roles. It may include relevant insurance or other enhancements, which may be separately tendered. | ||
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: Interpret fund or plan details |
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Element: Obtain specialist advice as appropriate |
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Element: Establish systems and administrative procedures to meet requirements |
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Element: Create client records |
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Element: Update plan design |
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