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Qualification details

FNS40910 - Certificate IV in Superannuation (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS40904 - Certificate IV in Financial Services (Superannuation) 23/Nov/2010
Is superseded by and equivalent to FNS40911 - Certificate IV in SuperannuationOHS unit changes in the core from BSBOHS303B to BSBOHS201A to better reflect workplace requirements - OUTCOMES EQUIVALENT 15/Jan/2012

Releases:
ReleaseRelease date
1 1 (this release) 24/Nov/2010

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
BSBATSIW416C - Obtain and manage consultancy servicesObtain and manage consultancy servicesSupersededN/A
BSBITS401A - Maintain business technologyMaintain business technologySupersededN/A
FNSSMS401A - Process self-managed superannuation contributionProcess self-managed superannuation contributionSupersededN/A
FNSSUP301A - Process superannuation fund paymentsProcess superannuation fund paymentsSupersededN/A
FNSINC401A - Apply principles of professional practice to work in the financial services industryApply principles of professional practice to work in the financial services industrySupersededN/A
FNSINC402A - Develop and maintain in-depth knowledge of products and services used by an organisation or sectorDevelop and maintain in-depth knowledge of products and services used by an organisation or sectorSupersededN/A
FNSSUP401A - Process complex superannuation benefit or insurance claimProcess complex superannuation benefit or insurance claimSupersededN/A
BSBSUS301A - Implement and monitor environmentally sustainable work practicesImplement and monitor environmentally sustainable work practicesSupersededN/A
BSBCCO402A - Gather, collate and record informationGather, collate and record informationSupersededN/A
BSBCUS403A - Implement customer service standardsImplement customer service standardsSupersededN/A
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 552312 Insurance Consultant 
ASCO (occupation type) Identifier 3212-19 Insurance Broker 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 511 Certificate IV 
Taxonomy - Industry Sector N/A Superannuation,Financial Services 
Taxonomy - Occupation N/A Superannuation Funds Administrator,Superannuation Officer 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 552312 Insurance Consultant 24/Nov/2010 
ASCO (occupation type) Identifier 3212-19 Insurance Broker 24/Nov/2010 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 24/Nov/2010 
Qualification/Course Level of Education Identifier 511 Certificate IV 24/Nov/2010 
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Modification History

Not applicable.

Description

This qualification reflects the role of individuals who use a developed skills and knowledge base in a variety of contexts in the superannuation industry. It involves applying solutions to a defined range of superannuation problems, and analysing and evaluating information from a variety of relevant sources. Possible work functions may include:

  • administering income streams
  • assisting with meeting industry compliance requirements
  • establishing and maintaining employer accounts
  • processing benefits claims and payments.

Pathways Information

Qualification Pathway 

The primary pathway from this qualification is employment in roles in a superannuation fund

such as:

  • a team member or leader in a large organisation
  • an outsourced service provider

This qualification may be suited to an Australian Apprenticeship pathway.

A further learning pathway utilising qualifications such as FNS50710 Diploma of Superannuation would support career progression.

Licensing/Regulatory Information

Not applicable.

Entry Requirements

Not applicable.

Employability Skills Summary

EMPLOYABILITY SKILLS QUALIFICATION SUMMARY 

Employability Skill 

Industry /enterprise requirements for this qualification include :

Communication

  • developing and writing reports to specifications
  • negotiating solutions with clients
  • preparing and presenting correspondence in appropriate electronic formats
  • questioning, listening and clarifying clients' requirements
  • using effective telephone techniques and having the ability to negotiate solutions with clients and colleagues

Teamwork

  • coaching and mentoring staff on new skills
  • contributing to team cohesion
  • making constructive contributions to group decision making processes
  • participating in the process of monitoring and reviewing team performance
  • providing feedback, support and encouragement to team members
  • referring matters to a higher authority as required and outsourcing tasks to internal and external specialists

Problem solving

  • applying analytical skills, data interpretation skills and conducting comparative analyses
  • checking claim applications for errors and inconsistencies
  • checking the accuracy of calculations
  • conducting data integrity checks
  • identifying OHS hazards and risk control

Initiative and enterprise

  • identifying opportunities for further improvement and effectively managing change by integrating new information into work practices
  • implementing continuous improvement practices
  • seeking specialist advice as required

Planning and organising

  • contributing to the planning process by researching and validating information relating to claims
  • ensuring the integrity of systems, records and reporting procedures are maintained
  • implementing internal monitoring/audit program to ensure ongoing compliance
  • planning work considering resources, time and other constraints

Self-management

  • defining and understanding own work role
  • managing own time and priorities and dealing with contingencies
  • taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
  • understanding and acting upon compliance implications
  • working ethically and complying with industry professional code of practice and legislative requirements

Learning

  • acquiring and applying knowledge of legislation, products, services and organisational policies and procedures
  • coaching and mentoring others to acquire new knowledge and skills
  • developing and maintaining personal competency
  • identifying opportunities for professional development
  • understanding and following workplace safety procedures
  • using online help for self-learning purposes

Technology

  • conducting web searches and using corporate templates
  • operating computers and using word processing, spreadsheet and database skills to produce workplace documentation
  • using business technology to access, organise and monitor information
  • using research data devices and telecommunication devices and equipment

Packaging Rules

Packaging Rules 

13 units  must be achieved.

3 core units 

plus 10 elective units 

  • A maximum of 5 of the required elective units of competency must be selected from Group A and other required electives may be selected from Group B
  • A maximum of 2 electives in addition to the 5 required from Group A must be selected from units aligned to Certificate IV qualifications in the FNS10 Financial Services or another endorsed Training Package or accredited course
  • One (1) elective can be selected from units aligned to Certificate III qualifications in any endorsed Training Package or accredited course

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.

Core units of competency :

  • BSBOHS404B Contribute to the implementation of strategies to control OHS risk
  • FNSCUS402A Resolve disputes
  • FNSINC401A Apply principles of professional practice to work in the financial services industry

Elective units of competency :

Group A 

  • FNSSUP301A Process superannuation fund payments
  • FNSSUP401A Process complex superannuation benefit or insurance claim
  • FNSSUP402A Assist in meeting superannuation compliance requirements
  • FNSSUP403A Administer retirement income streams
  • FNSSUP404A Establish and customise complex employer accounts
  • FNSSUP405A Implement fund review practices
  • FNSSUP406A Establish and maintain fund or plan
  • FNSSUP407A Assess complex superannuation benefit or insurance claim
  • FNSSUP508A Provide effective information to members

Group B  (General )

  • BSBATSIW416C Obtain and manage consultancy services
  • BSBCCO402A Gather, collate and record information
  • BSBCUS301A Deliver and monitor a service to customers
  • BSBCUS403A Implement customer service standards
  • BSBITS401A Maintain business technology
  • BSBSUS301A Implement and monitor environmentally sustainable work practices
  • FNSINC402A Develop and maintain in-depth knowledge of products and services used by an organisation or sector
  • FNSSMS401A Process self-managed superannuation contribution