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Qualification details

FNS40920 - Certificate IV in Superannuation (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes FNS40915 - Certificate IV in Superannuation 03/Nov/2020

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 04/Nov/2020


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
BSBCUE405 - Survey stakeholders to gather and record informationSurvey stakeholders to gather and record informationSupersededElective
BSBOPS404 - Implement customer service strategiesImplement customer service strategiesCurrentElective
FNSSUP421 - Process superannuation benefits and insurance claims under special conditions of releaseProcess superannuation benefits and insurance claims under special conditions of releaseCurrentElective
FNSSUP518 - Provide information to superannuation fund members in writingProvide information to superannuation fund members in writingCurrentElective
FNSSUP422 - Assist organisation to meet regulatory superannuation compliance requirementsAssist organisation to meet regulatory superannuation compliance requirementsCurrentElective
BSBSUS411 - Implement and monitor environmentally sustainable work practicesImplement and monitor environmentally sustainable work practicesCurrentElective
FNSSUP419 - Provide retirement income stream information to superannuation clientsProvide retirement income stream information to superannuation clientsCurrentElective
BSBITS411 - Maintain and implement digital technologyMaintain and implement digital technologySupersededElective
FNSSUP423 - Provide knowledge of retirement planning issues when dealing with superannuation clientsProvide knowledge of retirement planning issues when dealing with superannuation clientsCurrentElective
FNSSUP424 - Establish and customise employer accounts in superannuationEstablish and customise employer accounts in superannuationCurrentElective
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 222312 Financial Investment Manager 
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 Financial Services,Superannuation 
Taxonomy - Occupation N/A Superannuation Officer,Superannuation Funds Administrator 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222312 Financial Investment Manager 17/Dec/2020 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 17/Dec/2020 
Qualification/Course Level of Education Identifier 511 Certificate IV 04/Nov/2020 
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Modification History

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 5.0.

Qualification Description

This qualification reflects administration and customer service job roles in the superannuation industry. Individuals in these roles apply specialist skills and knowledge to work autonomously and exercise judgement in completing routine and non-routine activities, including administering income streams, assisting with meeting industry compliance requirements, establishing and maintaining employer accounts and processing benefits, claims and payments. They apply solutions to a defined range of superannuation problems and analyse and evaluate information from a variety of relevant sources.

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 = 10

1 core unit  plus

9 elective units , of which:

  • at least 3 must be from Groups A, B, C and/or D
  • at least 4 must be from any elective group below
  • up to 2 may be from any currently endorsed training package qualification or accredited course at AQF Level 3 or above, provided they do not duplicate the outcome of another unit chosen for the qualification.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, and contribute to a valid vocational outcome.

Core unit

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

Elective units

Group A General superannuation

FNSSUP418 Participate in superannuation fund reviews

FNSSUP422 Assist organisation to meet regulatory superannuation compliance requirements

Group B Superannuation contributions

FNSSUP313 Process superannuation fund contributions

FNSSUP416 Establish and maintain superannuation accumulation funds

FNSSUP424 Establish and customise employer accounts in superannuation

Group C Superannuation benefits

FNSSUP311 Process superannuation fund payments

FNSSUP417 Assess superannuation benefits and insurance claims under special conditions of release

FNSSUP420 Establish and administer retirement income streams

FNSSUP421 Process superannuation benefits and insurance claims under special conditions of release

FNSSUP431 Terminate retirement income streams

FNSSUP432 Determine impact of social security entitlements on retirement income

Group D Superannuation customer service

FNSSUP419 Provide retirement income stream information to superannuation clients

FNSSUP423 Provide knowledge of retirement planning issues when dealing with superannuation clients

FNSSUP434 Develop and provide knowledge of aged care to superannuation clients

FNSSUP514 Provide information or general advice to superannuation clients

FNSSUP518 Provide information to superannuation fund members in writing

Group E General business

BSBCUE405 Survey stakeholders to gather and record information

BSBITS411 Maintain business technology

BSBOPS304 Deliver and monitor a service to customers

BSBOPS404 Implement customer service strategies

BSBSMB411 Manage specialist external advisory services

BSBSUS411 Implement and monitor environmentally sustainable work practices

FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector

Qualification Mapping Information

No equivalent qualification. Supersedes and is not equivalent to FNS40915 Certificate IV in Superannuation.

Links

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