Assessment Requirements for FNSISV516 Allocate authorities and guidelines for distribution

Release: 1

Assessment Requirements for FNSISV516 Allocate authorities and guidelines for distribution

Modification History

Release	Comments
Release 1	This version first released with FNS Financial Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

accurately apply the criteria for selection of distribution authorities

negotiate and determine the allocation of authorities

document and implement changes to allocated authorities

monitor, review and evaluate the effectiveness of the distribution authorities based on organisational goals and policies

rectify non-compliance issues with distribution authorities

conduct market testing to identify optimal choices of distribution authorities.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

describe relevant organisational products and services

explain organisational distribution requirements and channels

outline organisational income and expenditure forecasting

describe organisational marketing, administration, systems, performance measures and training needs

explain organisational resources and budgeting

outline key features of relevant legislation, regulatory guidelines and industry sector codes of practice.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the insurance services field of work and include access to:

organisational records

organisational policy, procedures, legislation and regulations as they relate to contracts of insurance

a range of common technology and software.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

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