Modification History
Release |
Comments |
Release 2 |
This version first released with FNS10 Financial Services Training Package version 5.0. FNSASIC301C and FNSASIC302C added to the elective bank Update imported units: Qualification outcomes remain unchanged. |
Release 1 |
This Qualification first released with FNS10 Financial Services Training Package version 2.0. Replaced BSBWOR204A Use business technology BSBITU306A Design and produce business documents. This is considered a more appropriate unit for this qualification. Replaces BSBCOM501B Identify and interpret compliance requirements with FNSFMK505 Comply with financial services legislation and industry codes of practices – this is considered a more appropriate unit for this qualification. Replaces FNS40810 Certificate IV in Finance and Mortgage Broking. |
Description
This qualification reflects the job roles of individuals working in finance broking (including mortgage broking).
Pathways Information
Pathways from the qualification
The primary pathway from this qualification is employment in the finance and mortgage broking sector.
A further learning pathway utilising qualifications such as Diploma of Finance and Mortgage Broking Management would support career progression.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. You should refer to the IBSA website (www.ibsa.org.au) or the relevant regulator for specific guidance on requirements.
Entry Requirements
Not applicable.
Employability Skills Summary
The following table contains a summary of the employability skills required by industry for this qualification. The employability skills facets described here are broad industry requirements that may vary depending on qualification packaging options.
Employability Skill |
Industry/enterprise requirements for this qualification include: |
Communication |
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Teamwork |
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Problem solving |
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Initiative and enterprise |
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Planning and organising |
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Self-management |
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Learning |
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Technology |
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Packaging Rules
12 units must be achieved:
8 core units
plus 4 elective units
1 elective unit must be selected from the elective units listed below.
The remaining 3 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate III, Certificate IV or Diploma qualification.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
- FNSCRD301A Process applications for credit
- FNSFMB401A Prepare loan application on behalf of finance or mortgage broking clients
- FNSFMB402A Provide finance and mortgage broking services
- FNSFMB403A Present broking options to client
- FNSFMK505A Comply with financial services legislation and industry codes of practice
- FNSINC401A Apply principles of professional practice to work in the financial services industry
- FNSINC402A Develop and maintain in-depth knowledge of products and services used by an organisation or sector
- BSBITU306A Design and produce business documents
Elective units of competency:
- FNSASIC301C Establish client relationship and analyse needs
- FNSASIC302C Develop, present and negotiate client solutions
- FNSFMB501A Settle applications and loan arrangements in the finance and mortgage broking industry
- FNSSAM403A Prospect for new clients
- FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
- BSBCUS301A Deliver and monitor a service to customers
- BSBWOR501B Manage personal work priorities and professional development