Assessment Requirements for FNSPRT301 Establish entitlements to an intestate estate

Release: 1

Assessment Requirements for FNSPRT301 Establish entitlements to an intestate estate

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:

conduct a search for a will complying with legislative, industry and organisational requirements

document external specialists and resources contacted or used to establish entitlements to an intestate estate

determine beneficiaries and their entitlements in accordance with legislative, industry and organisational requirements

develop an application for letters of administration.

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:

summarise key requirements of relevant state and territory legislation and regulations relating to:

administration and probate

intestate succession

other related legislation

outline the roles, responsibilities and powers of the personal trust officer including:

organisational expectations

limitation of personal authority

discuss the professional code of conduct in the personal trustee sector including:

ethics

integrity

professionalism

confidentiality

summarise techniques for liaising with key organisational personnel with expertise in specialised areas relating to the personal trustee sector

outline relevant organisational policy and procedures in regards to establishing entitlements to an intestate estate.

Assessment Conditions

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

common office equipment, technology, software and consumables

the internet for searches.

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