Modification History
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Release |
Comments |
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Release 1 |
This version first released with the FNS Financial Services Training Package Version 8.0. Supersedes and is equivalent to FNS52015 Diploma of Personal Trusts. |
Qualification Description
This qualification reflects the 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, legislative, regulatory or certification considerations
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 , of which:
- at least 4 must be from Group A Estate management below
- at least 2 must be from Group B Organisational management below
- of the remaining elective units:
- up to 2 may be from the elective units listed below
- up to 2 may be from any currently endorsed Certificate IV or above training package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.
Core units
FNSINC411 Conduct work according to professional practices in the financial services industry
FNSPRT514 Develop and maintain knowledge of the regulatory environment relevant to trustee organisations
FNSPRT515 Develop and maintain knowledge of financial services and assets
FNSPRT516 Develop understanding of traditional trustee services
FNSPRT517 Apply principles of fiduciary duty, substituted decision making and ethical decision making
Elective units
Group A – Estate management
FNSACC413 Make decisions in a legal context
FNSPRT412 Prepare wills
FNSPRT413 Administer complex estates
FNSPRT414 Administer complex trusts
FNSPRT415 Prepare and establish powers of attorney
FNSPRT416 Administer powers of attorney and financial administration orders
FNSPRT417 Investigate and substantiate entitlement in intestate estates
FNSPRT511 Advise clients on trust structures
FNSPRT512 Advise clients in estate planning
FNSPRT513 Assess, allocate and supervise work within the personal trustee sector
FNSPRT518 Administer charitable trusts
Group B – Organisational management
BSBAUD514 Interpret compliance requirements
BSBLDR522 Manage people performance
BSBLDR812 Develop and cultivate collaborative partnerships and relationships
BSBOPS504 Manage business risk
BSBOPS505 Manage organisational customer service
BSBPEF501 Manage personal and professional development
BSBTWK502 Manage team effectiveness
FNSCUS516 Record and implement client instructions
FNSFPL401 Extract and analyse information on specified financial strategies and products
FNSINC513 Identify and apply complex ethical decision making to workplace situations
FNSINC514 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
Supersedes and is equivalent to FNS52015 Diploma of Personal Trusts.
Links
https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe
