Qualification details

FNS50410 - Diploma of Conveyancing (Release 1)


ReleaseStatusRelease date
1 1 (this release)Current 24/Nov/2010

Usage recommendation:
Is superseded by FNS50411 - Diploma of ConveyancingQualification has been restructured to respond to better industry understanding of the emerging regulatory requirements; packaging rules adjusted to reflect a smaller core and larger elective requirement. OUTCOMES DEEMED NOT EQUIVALENT 15/Jan/2012
Supersedes and is equivalent to FNS50604 - Diploma of Financial Services (Conveyancing) 23/Nov/2010

Training packages that include this qualification

Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnEssential
BSBCUS501B - Manage quality customer serviceManage quality customer service N/A
BSBFIM501A - Manage budgets and financial plansManage budgets and financial plans N/A
BSBHRM506A - Manage recruitment selection and induction processesManage recruitment selection and induction processes N/A
BSBINM601A - Manage knowledge and informationManage knowledge and information N/A
BSBITS401A - Maintain business technologyMaintain business technology N/A
BSBLEG416A - Apply the principles of the law of tortsApply the principles of the law of torts N/A
BSBLEG417A - Apply the principles of evidence lawApply the principles of evidence law N/A
BSBLEG512A - Apply legal principles in property law mattersApply legal principles in property law matters N/A
BSBMGT502B - Manage people performanceManage people performance N/A
BSBMGT515A - Manage operational planManage operational plan N/A
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SchemeCodeClassification value
ANZSCO Identifier 599111 Conveyancer 
ASCO (occupation type) Identifier 5991-13 Law Clerk 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Financial Services 
Taxonomy - Occupation N/A Conveyancing Manager,Conveyancer 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 599111 Conveyancer 24/Nov/2010 
ASCO (occupation type) Identifier 5991-13 Law Clerk 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 421 Diploma 24/Nov/2010 
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Modification History

Not applicable.


This qualification is designed to reflect the role of persons carrying out conveyancing work in a range of environments.

Conveyancing is a licensed occupation. Licensing regimes for conveyancers differ between States and Territories in Australia. To determine the most appropriate pathway to satisfy licensing requirements within a particular State or Territory it will be necessary to contact the relevant licensing body for advice. Contact details for conveyancing licensing authorities are provided in the FNS10 Information Kit available on the IBSA website.

Pathways Information

Qualification Pathway 

The primary pathway from this qualification is conveyancing job roles including:

  • in a small business practice
  • as a team member in a larger organisation

A further learning pathway utilising qualifications such as FNS60310 Advanced Diploma of Conveyancing would support career progression.

Licensing/Regulatory Information

Not applicable.

Entry Requirements

Not applicable.

Employability Skills Summary


Employability Skill 

Industry /enterprise requirements for this qualification include :


  • accessing professional networks
  • developing a rapport with clients
  • developing and writing reports to specifications
  • liaising, consulting and negotiating solutions with a range of people
  • preparing, analysing and executing documents
  • questioning, listening and clarifying clients' requirements
  • using effective telephone techniques and having the ability to negotiate solutions with clients and colleagues


  • contributing to team cohesion
  • developing and maintaining professional networks
  • making constructive contributions to group decision making processes
  • providing feedback, support and encouragement to team members
  • receiving feedback on own performance
  • referring to other professionals as required

Problem solving

  • collecting, comparing and contrasting data
  • determining contingency strategies and options
  • ensuring audit and security arrangements are in place to protect client's interests
  • using analytical, evaluative and deductive reasoning
  • using problem solving tools and techniques

Initiative and enterprise

  • creatively presenting information and advice to clients
  • finding and securing new business relationships
  • identifying new and emerging opportunities for the business and developing strategies to capitalise on them
  • implementing continuous improvement practices
  • setting goals in respect to client follow-ups

Planning and organising

  • developing and implementing policies and procedures in respect to trust accounts
  • developing and maintaining systems, records and reporting procedures
  • processing documents, maintaining files, managing information and scheduling and coordinating competing tasks
  • using organisational skills to locate information on statutory and legislative requirements


  • acting as a role model for others
  • asking for and responding to feedback on performance
  • managing own time and priorities and dealing with contingencies
  • planning own work schedule and monitoring and evaluating own work performance
  • presenting a positive organisational image
  • taking responsibility as required by work role and ensuring all organisational policies and procedures are followed
  • understanding and acting upon compliance requirements
  • working ethically and complying with all industry codes of practice and legislative requirements


  • contributing to the learning of others through implementing team building exercises
  • developing and maintaining personal competency
  • developing and monitoring individual training plans
  • encouraging continuous education and professional development
  • following workplace safety procedures
  • identifying and documenting training needs
  • identifying opportunities for professional development
  • improving professional practice of oneself and others
  • maintaining currency of knowledge of legislation and industry codes of practice
  • setting career goals


  • operating computers and using word processing, spreadsheet and database skills to produce workplace documentation
  • reviewing and evaluating financial and IT systems for compliance with trust account requirements
  • using business technology to access, organise and monitor information
  • using custom made software to track clients and other persons
  • using research data devices and telecommunication devices and equipment

Packaging Rules

Packaging Rules 

13 units  must be achieved:

11 core units 

plus 2 elective units 

the 2 required elective units of competency must be selected from the elective bank below.

Core units of competency :

  • BSBITS401A Maintain business technology
  • BSBOHS303B Contribute to OHS hazard identification and risk assessment
  • BSBWOR401A Establish effective workplace relationships
  • FNSCNV501A Take instructions in relation to a transaction
  • FNSCNV502A Read and interpret a legal document and provide advice
  • FNSCNV503A Analyse and interpret legal requirements for a transaction
  • FNSCNV504A Prepare legal documents
  • FNSCNV505A Finalise the conveyancing transaction
  • FNSCNV506A Establish and manage a trust account
  • FNSCNV601A Identify and conduct searches
  • FNSINC401A Apply principles of professional practice to work in the financial services industry

Elective units of competency :

  • BSBCUS501B Manage quality customer service
  • BSBFIM501A Manage budgets and financial plans
  • BSBHRM506A Manage recruitment selection and induction processes
  • BSBINM601A Manage knowledge and information
  • BSBLEG416A Apply the principles of contract law
  • BSBLEG417A Apply the principles of the law of torts
  • BSBLEG512A Apply legal principles in property law matters
  • BSBMGT502B Manage people performance
  • BSBMGT515A Manage operational plan
  • BSBMGT516A Facilitate continuous improvement
  • BSBMGT605B Provide leadership across the organisation
  • BSBPMG510A Manage projects
  • BSBRSK501A Manage risk
  • BSBSUS501A Develop workplace policy and procedures for sustainability
  • BSBWOR501A Manage personal work priorities and professional development
  • BSBWOR502A Ensure team effectiveness
  • TAADEL504B Lead and coordinate training services

Note : Certain elective units may be required for licensing in a jurisdiction, progress to membership of professional organisations or articulate with defined credit into further study in the FNS60310 Advanced Diploma of Conveyancing or higher education programs. Learners should establish such requirements or credit arrangements where they apply in order to make appropriate choices.

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