Modification History
|
Release |
Comments |
|
Release 4 |
This version released with FNS Financial Services Training Package version 6.2. The following elective unit of competency has been reinstated as directed by the AISC:
|
|
Release 3 |
This version released with FNS Financial Services Training Package version 3.0. |
|
Release 2 |
This version released with FNS Financial Services Training Package version 2.1. 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
FNSPRT301 Establish entitlements to an intestate estate
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
