Modification History
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Release |
Comments |
|
Release 3 |
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 2 |
This version first released with FNS Financial Services Training Package Version 3.0. Upates to elective unit list |
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Release 1 |
This version first released with FNS Financial Services Training Package Version 2.0. |
Qualification Description
This qualification reflects the job role of individuals working in organisations offering personal trustee services. At this level individuals are expected to apply theoretical and specialised skills in a range of situations and to display initiative and judgement in completing activities. They have autonomy in performing complex technical work and can be responsible for planning, coordinating and evaluating the work of others within broad but generally well defined parameters.
Licensing/Regulatory Information
No licensing, legislative or certification requirements apply to this qualification at the time of publication.
Entry Requirements
Nil.
Packaging Rules
Total number of units = 13
5 core units plus
8 elective units
The elective units must consist of:
- 4 from Group A electives below
- 2 from Group B electives below
Of the remaining 2 units:
- up to 2 may be from the electives
- up to 2 may be from Certificate IV 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
FNSPRT504 Apply knowledge of the regulatory environment relevant to trustee organisations
FNSPRT505 Develop and maintain knowledge of financial services and assets
FNSPRT506 Develop understanding of traditional trustee services
FNSPRT507 Apply principles of fiduciary duty, substituted decision making and ethical decision making
Group A Elective Units
FNSACC413 Make decisions in a legal context
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
FNSPRT407 Investigate and substantiate entitlement in an intestate estate
FNSPRT501 Advise clients on trust structures
FNSPRT502 Advise clients in estate planning
FNSPRT503 Assess, allocate and supervise work within the personal trustee sector
FNSPRT508 Administer a charitable trust
Group B Elective Units
BSBCOM501 Identify and interpret compliance requirements
BSBCUS501 Manage quality customer service
BSBMGT502 Manage people performance
BSBLDR803 Develop and cultivate collaborative partnerships and relationships
BSBRSK501 Manage risk
BSBWOR502 Lead and manage team effectiveness
BSBWOR501 Manage personal work priorities and professional development
FNSCUS506 Record and implement client instructions
FNSFPL401 Extract and analyse information on specified financial strategies and products
FNSINC503 Identify situations requiring complex ethical decision making
FNSINC504 Apply ethical frameworks and principles to make and act upon decisions
FNSORG601 Negotiate to achieve goals and manage disputes
FNSPIM510 Implement informed decision-making
Qualification Mapping Information
|
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
FNS52015 Diploma of Personal Trusts (Release 2) |
FNS52015 Diploma of Personal Trusts (Release 1) |
Updates to elective unit list |
Equivalent qualification |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
