Qualification details

FNS60515 - Advanced Diploma of Superannuation (Release 4)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to FNS60513 - Advanced Diploma of SuperannuationUpdated to meet Standards for Training Packages. Clarification of packaging rules and removal of duplicated electives. 24/Mar/2015

Release Status:
Current
Releases:
ReleaseRelease date
4 (this release) 13/Feb/2018
(View details for release 3) 14/Jan/2016
(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
BSBCOM602 - Develop and create compliance requirementsDevelop and create compliance requirements Elective
BSBCOM603 - Plan and establish compliance management systemsPlan and establish compliance management systems Elective
BSBINN501 - Establish systems that support innovationEstablish systems that support innovation Elective
BSBITB501 - Establish and maintain a workgroup computer networkEstablish and maintain a workgroup computer network Elective
BSBMGT605 - Provide leadership across the organisationProvide leadership across the organisation Elective
BSBSUS501 - Develop workplace policy and procedures for sustainabilityDevelop workplace policy and procedures for sustainability Elective
FNSACC505 - Establish and maintain accounting information systemsEstablish and maintain accounting information systems Elective
FNSASICU503 - Provide advice in superannuationProvide advice in superannuation Elective
FNSCUS505 - Determine client requirements and expectationsDetermine client requirements and expectations Elective
FNSCUS506 - Record and implement client instructionsRecord and implement client instructions 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 411 Advanced Diploma 
Taxonomy - Industry Sector N/A Superannuation 
Taxonomy - Occupation N/A Superannuation Funds Manager 

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 411 Advanced Diploma 25/Mar/2015 
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Modification History

Release 

Comments 

Release 4

This version released with FNS Financial Services Training Package version 3.0

Release 4 created to update elective unit list

Release 3

This version released with FNS Financial Services Training Package version 2.0

Release 3 created to correct typographical error

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 flexibly reflect job roles with team and business result responsibilities in superannuation environments. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues relating to business systems, compliance and working with trustees and/or outsourced service providers. They work across a broad range of technical or management functions with accountability for personal outputs and for team outcomes.

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

The entry requirement for this qualification is completion of 5 units of competency, comprising:

FNSINC402A Develop and maintain in-depth knowledge of products and services used by an organisation or sector (from FNS50715 or FNS50711 Diploma of Superannuation, or equivalent)

and 

4 superannuation elective units (SUP code) from:

  • FNS50715 Diploma of Superannuation, or
  • FNS50711 Diploma of Superannuation, or
  • FNS50904 Diploma of Finance (Superannuation) (SUPR code), or equivalent.

Packaging Rules

Total number of units = 12 

2 core units  plus

10 elective  units

The elective units consist of:

  • 2 from Group B
  • 5 from Group A, Group B, Group C or Group D

Of the remaining 3 units:

  • 3 may be from the electives below
  • 2 may be from a Diploma in any endorsed training package or accredited course
  • 1 may be from an Advanced Diploma in any endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Units selected from other training packages or accredited courses must not duplicate units selected from or available within the Financial Services or Business Services Training Packages.

Core Units 

FNSCUS601 Establish, manage and monitor key relationships

FNSINC401 Apply principles of professional practice to work in the financial services industry

Elective Units 

Group A 

Superannuation advice 

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

Group B 

Fund trustee 

FNSSUP601 Liaise with and support trustees

FNSSUP602 Manage official complaints procedures and proceedings

FNSSUP603 Integrate investment strategy with fund operations

Group C 

Self-managed superannuation funds 

FNSSMS601 Provide advice in self-managed superannuation funds

FNSSMS602 Apply taxation requirements to advising in self-managed superannuation funds

FNSSMS603 Apply legislative and operational requirements when advising in self-managed superannuation funds

Group D 

Organisational support 

BSBCOM602 Develop and create compliance requirements

BSBCOM603 Plan and establish compliance management systems

BSBMGT605 Provide leadership across the organisation

FNSORG602 Develop and manage financial systems

FNSORG603 Establish and prepare operational guidelines in a financial services organisation

FNSORG604 Establish outsourced services and monitor performance

FNSPRM605 Establish or review marketing, client services and supplier relationships

FNSPRM606 Establish or review human resources, administration and information support

FNSRSK601 Develop and implement risk mitigation plan

FNSSAM602 Identify and evaluate marketing opportunities in the financial services industry

FNSSAM603 Tailor financial products to meet customer needs

FNSSAM604 Establish agreements with intermediaries for product distribution

Group E 

General 

BSBINN501 Establish systems that support innovation

BSBITB501 Establish and maintain a workgroup computer network

BSBSUS501 Develop workplace policy and procedures for sustainability

FNSACC505 Establish and maintain accounting information systems

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

FNSINC503 Identify situations requiring complex ethical decision making

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

FNSORG501 Develop and manage a budget

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

FNSSMS501 Invest self-managed superannuation funds assets

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

FNSSUP501 Supervise complaints procedures

FNSSUP504 Provide advanced customer service to superannuation clients

*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 

FNS60515 Advanced Diploma of Superannuation (Release 4)

FNS60515 Advanced Diploma of Superannuation (Release 3)

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