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Qualification details

FNS30420 - Certificate III in Mercantile Agents (Release 2)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes FNS30415 - Certificate III in Mercantile Agents 01/Feb/2021

Release Status:
Current
Releases:
ReleaseRelease date
2 (this release) 15/Jun/2022
(View details for release 1) 02/Feb/2021


Classifications

SchemeCodeClassification value
ANZSCO Identifier 552211 Credit and Loans Officer (Aus) / Finance Clerk (NZ)  
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 514 Certificate III 
Taxonomy - Industry Sector N/A Financial Services,Financial Services 
Taxonomy - Occupation N/A Mercantile Agents Collections Officer,Process Server 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 552211 Credit and Loans Officer (Aus) / Finance Clerk (NZ)  10/Mar/2021 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 10/Mar/2021 
Qualification/Course Level of Education Identifier 514 Certificate III 02/Feb/2021 
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Modification History

Release 

Comments 

Release 2

This version first released with the FNS Financial Services Training Package Version 8.0.

Native elective units of competency were updated and/or superseded.

Release 1

This version first released with FNS Financial Services Training Package Version 6.0.

Qualification Description

This qualification is designed for individuals in job roles in the mercantile agents sector who apply a broad range of competencies. This includes using limited discretion and judgement while undertaking operations that may include debt collection, process serving and repossessions. Individuals at this level apply knowledge and skills to demonstrate autonomy and judgement and take limited responsibility in known situations under general supervision.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the qualification.

Entry Requirements

Nil

Packaging Rules

Total number of units = 12

4 core units  plus

8 elective units , of which:

  • at least 1 must be from Group A Technology
  • at least 2 must be from Group B Mercantile and credit
  • at least 2 must be from Group C General
  • up to 3 may be from this qualification or any other currently endorsed Certificate II or above training package qualification or accredited course.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.

Core units

FNSINC311 Work together in the financial services industry

FNSMCA311 Collect debts

FNSMCA314 Locate individuals

FNSMCA413 Identify and manage individuals experiencing hardship

Elective units

Group A – Technology

BSBDAT201 Collect and record data

BSBTEC201 Use business software applications

BSBTEC404 Use digital technologies to collaborate in a work environment

Group B – Mercantile and credit

FNSCRD302 Monitor and control accounts receivable

FNSCRD311 Process applications for credit

FNSCRD404 Utilise the legal process to recover outstanding debt

FNSCRD413 Manage and recover bad and doubtful debts

FNSCRD415 Manage overdue customer accounts

FNSMCA312 Repossess property

FNSMCA313 Serve legal process

FNSMCA411 Evaluate debt collection actions and develop recommendations

FNSMCA412 Undertake legal action for recovery of debts

Group C – General

BSBAUD412 Work within compliance frameworks

BSBCMM412 Lead difficult conversations

BSBFIN301 Process financial transactions

BSBPEF301 Organise personal work priorities

BSBPEF302 Develop self-awareness

BSBPEF401 Manage personal health and wellbeing

BSBPMG421 Apply project time management techniques

BSBWHS211 Contribute to the health and safety of self and others

BSBXCM301 Engage in workplace communication

BSBXTW301 Work in a team

FNSACC323 Perform financial calculations

FNSACC421 Prepare financial reports

FNSCUS311 Respond to customer enquiries

FNSCUS411 Participate in negotiations

FNSCUS412 Resolve disputes

FNSFLT213 Develop knowledge of debt and consumer credit

FNSINC411 Conduct work according to professional practices in the financial services industry

FNSORG411 Conduct individual work within a compliance framework

FNSRTS315 Process customer accounts

Qualification Mapping Information

No equivalent qualification. Supersedes and is not equivalent to FNS30415 Certificate III in Mercantile Agents.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe