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Qualification details

FNS50715 - Diploma of Superannuation (Release 3)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS50711 - Diploma of SuperannuationUpdated to meet Standards for Training Packages. 24/Mar/2015

Release Status:
Current
Releases:
ReleaseRelease date
3 (this release) 13/Feb/2018
(View details for release 2) 22/Apr/2015
(View details for release 1) 25/Mar/2015


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 columnEssentialSort Table listing Units of Competency by the Essential column
BSBCUS501 - Manage quality customer serviceManage quality customer service Elective
BSBITS401 - Maintain business technologyMaintain business technology Elective
BSBMGT403 - Implement continuous improvementImplement continuous improvement Elective
BSBMGT605 - Provide leadership across the organisationProvide leadership across the organisation Elective
BSBMKG501 - Identify and evaluate marketing opportunitiesIdentify and evaluate marketing opportunities Elective
BSBPMG411 - Apply project quality management techniquesApply project quality management techniques Elective
BSBPMG522 - Undertake project workUndertake project work Elective
BSBRES401 - Analyse and present research informationAnalyse and present research information Elective
BSBSUS501 - Develop workplace policy and procedures for sustainabilityDevelop workplace policy and procedures for sustainability Elective
FNSASICU503 - Provide advice in superannuationProvide advice in superannuation Elective
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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 421 Diploma 
Taxonomy - Industry Sector N/A Financial Services,Superannuation 
Taxonomy - Occupation N/A Superannuation Advisor,Superannuation Funds Administrator 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 222312 Financial Investment Manager 30/Jul/2015 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 30/Jul/2015 
Qualification/Course Level of Education Identifier 421 Diploma 25/Mar/2015 
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Modification History

Release 

Comments 

Release 3

This version released with FNS Financial Services Training Package version 3.0

Release 3 created to update elective unit list

Release 2

This version released with FNS Financial Services Training Package version 1.1

Release 2 created to correct typographical error

Release 1

This qualification first released with FNS Financial Services Training Package version 1.0

Qualification Description

This qualification is designed to reflect a range of the job roles with team and business result responsibilities in superannuation industry environments. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Entry Requirements

Nil.

Packaging Rules

Total number of units = 12 

2 core units  plus

10 elective  units

The elective units consist of:

  • 8 from the electives below

Of the remaining 2 units:

  • up to 2 may be from the electives
  • up to 2 may be from a Certificate IV, Diploma or Advanced Diploma 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

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

Elective Units 

ASIC Compliance 

FNSASICU503* Provide advice in superannuation

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

FNSIAD501 Provide appropriate services, advice and products to clients

FNSINC501 Conduct product research to support recommendations

Superannuation 

FNSSUP407 Assess complex superannuation benefit or insurance claim

FNSSUP502 Supervise insurer liaison

FNSSUP503 Develop client relationships with employers and establish superannuation systems

FNSSUP504 Provide advanced customer service to superannuation clients

FNSSUP505 Produce reports for superannuation

FNSSUP506 Supervise and monitor operational guidelines in a superannuation organisation

FNSSUP507 Review compliance with regulatory and contractual requirements

FNSSUP508 Provide effective information to members

FNSSUP509 Work within a defined benefit fund

FNSSUP510 Supervise insurance tender process.

Self-managed superannuation 

FNSSMS501 Invest self-managed superannuation funds assets

FNSSMS502 Manage changes to fund structure

FNSSMS503 Manage administration activities of a superannuation fund

FNSSMS504 Meet self-managed superannuation funds compliance requirements

FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services

General  

BSBITS401 Maintain business technology

BSBMGT403 Implement continuous improvement

BSBMGT605 Provide leadership across the organisation

BSBMKG501 Identify and evaluate marketing opportunities

BSBPMG411 Apply project quality-management techniques

BSBPMG522 Undertake project work

BSBRES401 Analyse and present research information

BSBSUS501 Develop workplace policy and procedures for sustainability

FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers

FNSFMK505 Comply with financial services legislation and industry codes of practice

FNSINC503 Identify situations requiring complex ethical decision making

FNSINC504 Apply ethical frameworks and principles to make and act upon decisions

FNSORG503 Develop a resource plan

FNSORG504 Monitor and supervise work practices to meet financial services regulatory requirements

FNSORG604 Establish outsourced services and monitor performance

FNSSUP501 Supervise complaints procedures

*Note the following prerequisite unit requirements:

Unit in this qualification

Prerequisite unit

FNSASICU503 Provide advice in superannuation

FNSINC501 Conduct product research to support recommendations

FNSIAD501 Provide appropriate services, advices and products to clients

FNSCUS505 Determine client requirements and expectations

FNSCUS506 Record and implement client instructions

Qualification Mapping Information

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNS50715 Diploma of Superannuation (Release 3)

FNS50715 Diploma of Superannuation (Release 2)

Updates to elective unit list

Equivalent qualification

Links

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