Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify individual compliance requirements

1.1 Research and document statutory, legislative and regulatory requirements relating to individual’s work

1.2 Research and document organisational and industry requirements relating to individual’s work

2. Interpret individual compliance requirements

2.1 Map compliance requirements against individual work practices

2.2 Discuss ethical considerations with relevant parties where appropriate

3. Develop or respond to procedures to ensure individual compliance

3.1 Consult appropriate persons to identify procedures to be followed to ensure compliance

3.2 Review and/or develop procedures to ensure compliance

3.3 Maintain appropriate records

4. Identify and adapt to changes in individual compliance requirements

4.1 Identify training programs (internal or external) that deliver against compliance requirements

4.2 Identify and discuss professional development opportunities related to individual situation with managers or supervisors

4.3 Read and understand documentation relating to compliance issues

4.4 Discuss documentation relating to compliance issues with appropriate persons to ensure ongoing compliance is maintained

Skill 

Performance Criteria 

Description 

Reading

1.1, 1.2, 3.2, 4.3

• Interprets, analyses, evaluates and reviews information from a range of structurally complex legislative and policy documents

Writing

1.1, 1.2, 2.1, 3.2, 3.3

• Produces and updates logically sequenced texts that include customised information and recommendations for individual use

Oral Communication

2.2, 3.1, 4.2, 4.4

• Participates effectively in verbal exchange with others using clear and detailed language to convey relevant information, and uses questioning and active listening to confirm understanding

Numeracy

1.1, 1.2, 3.3

• Extracts and interprets relevant financial data and terminology, numerical calculations and formula embedded in texts, and uses knowledge to maintain appropriate records

Navigate the world of work

1.1, 1.2, 2.1, 2.2, 3.1-3.3, 4.1-4.4

• Recognises and follows relevant legislation, organisational policy, procedures and practices, and meets expectations associated with own work role
• Reviews or develops policies to meet organisational goals
• Maintains knowledge required to carry out work role

Interact with others

2.2, 3.1, 4.2, 4.4

• Selects and uses appropriate conventions and protocols when communicating with diverse stakeholders
• Uses collaborate techniques to liaise with others and elicit and share information

Get the work done

1.1,1.2, 2.1, 3.1-3.3, 4.1-4.3

• Takes responsibility for planning, sequencing and prioritising tasks and own workload for efficiency and effective outcomes
• Uses the main features and functions of digital tools to complete work tasks

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSORG401 Conduct individual work within a compliance framework

FNSORG401A Conduct individual work within a compliance framework

Updated to meet Standards for Training Packages

Equivalent unit

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.