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Qualification details

FNS42215 - Certificate IV in Personal Trust Administration (Release 3)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes FNS41315 - Certificate IV in Personal Trust AdministrationNew core and elective units added to reflect industry requirements. 13/Jan/2016

Release Status:
Current
Releases:
ReleaseRelease date
3 (this release) 13/Feb/2018
(View details for release 2) 12/Sep/2016
(View details for release 1) 14/Jan/2016


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssentialSort Table listing Units of Competency by the Essential column
BSBLDR403 - Lead team effectivenessLead team effectivenessElective
FNSPIM510 - Implement informed decision-makingImplement informed decision-makingElective
FNSPIM409 - Maintain customer relationshipMaintain customer relationshipElective
FNSPRT302 - Administer a non-complex estateAdminister a non-complex estateElective
BSBWOR404 - Develop work prioritiesDevelop work prioritiesElective
BSBREL402 - Build client relationships and business networksBuild client relationships and business networksElective
FNSPRT505 - Develop and maintain knowledge of financial services and assetsDevelop and maintain knowledge of financial services and assetsCore
FNSPRT403 - Administer a complex estateAdminister a complex estateCore
FNSPRT405 - Establish powers of attorney or financial administration ordersEstablish powers of attorney or financial administration ordersCore
FNSPRT508 - Administer a charitable trustAdminister a charitable trustElective
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Displaying items 1 - 10 of 25

Classifications

SchemeCodeClassification value
ANZSCO Identifier 599215 Trust Officer 
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,Financial Services 
Taxonomy - Occupation N/A Trust and Estate Administrator 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 599215 Trust Officer 24/Jun/2016 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 24/Jun/2016 
Qualification/Course Level of Education Identifier 511 Certificate IV 14/Jan/2016 
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Modification History

Release 

Comments 

Release 2

This version released with FNS Financial Services Training Package version 3.0

Release 2 created to update elective unit list

Release 1

This qualification first released with FNS Financial Services Training Package Version 2.0.

Qualification Description

This qualification is designed to reflect job roles of a person working in varied contexts within personal trust administration. Individuals in these roles apply solutions to a defined range of predictable and unpredictable problems and analyse and evaluate information from a variety of sources. They work autonomously, may provide guidance to others and have limited responsibility for the output of others.

Licensing/Regulatory Information

No licensing or certification requirements apply to this qualification at the time of publication. However, some units will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit. Refer to the FNS Implementation Guide Companion Volume for guidance on requirements.

Entry Requirements

Nil

Packaging Rules

Total number of units = 11 

7 core units  plus

4 elective  units

The elective units consist of:

  • 2 from the electives below

Of the remaining 2 units:

  • up to 2 may be from the electives below
  • up to 2 may be from Certificate III or above in any currently endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units 

FNSINC401 Apply principles of professional practice to work in the financial services industry

FNSPRT402 Prepare a will

FNSPRT403 Administer a complex estate

FNSPRT404 Administer a trust dealing with complex matters

FNSPRT405 Establish powers of attorney or financial administration orders

FNSPRT406 Administer powers of attorney or financial administration orders

FNSPRT505 Develop and maintain knowledge of financial services and assets

Elective Units 

BSBCOM405 Promote compliance with legislation

BSBCUS402 Address customer needs

BSBREL402 Build client relationships and business networks

BSBRSK401 Identify risk and apply risk management processes

BSBLDR403 Lead team effectiveness

BSBWOR404 Develop work priorities

FNSACC413 Make decisions in a legal context

FNSCUS401 Participate in negotiations

FNSCUS402 Resolve disputes

FNSFPL401 Extract and analyse information on specified financial strategies and products

FNSPIM409 Maintain customer relationship

FNSPIM510 Implement informed decision-making

FNSPRT302 Administer a non-complex estate

FNSPRT303 Administer a trust with non-complex matters

FNSPRT407 Investigate and substantiate entitlement in an intestate estate

FNSPRT501 Advise clients on trust structures

FNSPRT502 Advise clients in estate planning

FNSPRT508 Administer a charitable trust

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNS42215 Certificate IV in Personal Trust Administration (Release 3)

FNS42215 Certificate IV in Personal Trust Administration (Release 2)

Updates to unit elective lise

Equivalent qualification

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe