Modification History
Not applicable.
Description
This qualification reflects the job role of individuals working in organisations offering personal trustee services. Registered trustee services are licensed. More information and contact details for the registration authorities and industry bodies are provided in the FNS10 Information Kit available from the IBSA website.
Pathways Information
Qualification Pathway
Preferred pathways for candidates entering this qualification include:
- FNS41310 Certificate IV in Personal Trust Administration
The primary pathway from this qualification is employment in personal trustee job roles performing duties such as:
- advising clients on estates and trust structures
- acting as a financial administrator under a guardianship order
- supervising and managing teams or staff
- delegating work and responsibilities as needed
- working on complex types of financial plans relevant to the personal trustees sector.
An Australian Apprenticeship pathway may be possible for this qualification depending on the State or Territory training authority declaration policy.
A further learning pathway in other specialist financial services qualifications such as financial planning or higher education programs would support career progression.
Licensing/Regulatory Information
Not applicable.
Entry Requirements
Not applicable.
Employability Skills Summary
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EMPLOYABILITY SKILLS QUALIFICATION SUMMARY |
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Employability Skill |
Industry /enterprise requirements for this qualification include : |
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Communication |
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Teamwork |
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Problem solving |
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Initiative and enterprise |
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Planning and organising |
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Self-management |
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Learning |
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Technology |
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Packaging Rules
Packaging Rules
11 units must be achieved:
7 core units
plus 4 elective units .
- the required elective units of competency may be selected from the elective bank below
- a maximum of 2 electives may be selected from units aligned to other Diploma qualifications in the FNS10 Financial Services Training Package
- one (1) elective may be selected from units aligned to Advanced Diploma qualifications in the FNS10 Financial Services Training Package
- a maximum of 2 electives may be selected from units aligned to Diploma or Advanced Diploma qualifications in another 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 :
- BSBINM401A Implement workplace information system
- BSBOHS303B Contribute to OHS hazard identification and risk assessment
- FNSCUS502A Monitor client requirements
- FNSINC401A Apply principles of professional practice to work in the financial services industry
- FNSPRT501A Advise clients on trust structures
- FNSPRT502A Advise clients in estate planning
- FNSPRT503A Allocate, assess and supervise work within the personal trustee sector
Elective units of competency :
- BSBLED501A Develop a workplace learning environment
- BSBMGT502B Manage people performance
- BSBMGT605B Provide leadership across the organisation
- BSBMKG501B Identify and evaluate marketing opportunities
- BSBSUS501A Develop workplace policy and procedures for sustainability
- FNSFPL506A Determine client requirements and expectations
Note : Certain elective units may be required to progress to membership of professional organisations, meet licensing requirements or articulate with defined credit into further study in FNS10 qualifications or higher education programs. Learners should establish such requirements or credit arrangements where they apply in order to make appropriate choices.
