Qualification Outline

Date retreived
22/07/2026 4:24 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Diploma of Personal Trusts

Diploma of Personal Trusts

Qualification
National Code:
FNS52015
State Code:
AZJ5
TGA Status:
Replaced
DTWD Status:
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
14/01/2016
Approved Date
13/08/2021
Stream of Study
Subsequent to Initial Vocational (4000)
VET Act Classifier
C
Nominal Hours
640
Duration
2 Semesters
Current Release Number
3.00
Current Release Date
09/07/2021
VET Act Conditions
—
Releases
Release Version Release Date TGA Status DTWD Status
3.00 09/07/2021 Current Approved
2.00 13/02/2018 Replaced Approved
1.00 14/01/2016 Replaced Approved
Description

This qualification reflects the job 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/Regulatory Information
No licensing, legislative or certification requirements apply to this qualification at the time of publication.

Schedule
Packaging Rules
Total number of units = thirteen (13)
- five (5) core units plus
- eight (8) elective units

The elective units must consist of:
- four (4) from Group A electives below
- two (2) from Group B electives below

Of the remaining two (2) units:
- up to two (2) may be from the electives
- up to two (2) may be from Certificate IV or above in any currently endorsed training package or accredited course.

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

All five (5) units must be completed.

State Code National Code Title Hours Type
AWF14 FNSPRT504 Apply knowledge of the regulatory environment relevant to trustee organisations 45 Unit of competency
AWF10 FNSPRT507 Apply principles of fiduciary duty, substituted decision-making and ethical decision-making 45 Unit of competency
AUR82 FNSINC401 Apply principles of professional practice to work in the financial services industry 20 Unit of competency
AWF13 FNSPRT505 Develop and maintain knowledge of financial services and assets 55 Unit of competency
AWF12 FNSPRT506 Develop understanding of traditional trustee services 45 Unit of competency
2. Group A Elective Units

At least four (4) units must be completed.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
AWF11 FNSPRT508 Administer a charitable trust 55 Unit of competency
AUS78 FNSPRT403 Administer a complex estate 60 Unit of competency
AUS71 FNSPRT404 Administer a trust dealing with complex matters 60 Unit of competency
AUS72 FNSPRT406 Administer powers of attorney or financial administration orders 50 Unit of competency
AUS90 FNSPRT502 Advise clients in estate planning 60 Unit of competency
AUS77 FNSPRT501 Advise clients on trust structures 60 Unit of competency
AUS80 FNSPRT503 Assess, allocate and supervise work within the personal trustee sector 60 Unit of competency
AUS69 FNSPRT405 Establish powers of attorney or financial administration orders 50 Unit of competency
AWF15 FNSPRT407 Investigate and substantiate entitlement in an intestate estate 35 Unit of competency
BBH99 FNSACC413 Make decisions in a legal context 60 Unit of competency
AUS83 FNSPRT402 Prepare a will 60 Unit of competency
3. Group B Elective Units

At least two (2) units must be completed.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
BBH69 FNSINC504 Apply ethical frameworks and principles to make and act upon decisions 35 Unit of competency
AUH61 BSBLDR803 Develop and cultivate collaborative partnerships and relationships 40 Unit of competency
AUX20 FNSFPL401 Extract and analyse information on specified financial strategies and products 50 Unit of competency
AUH23 BSBCOM501 Identify and interpret compliance requirements 20 Unit of competency
BBH97 FNSINC503 Identify situations requiring complex ethical decision making 35 Unit of competency
AWF19 FNSPIM510 Implement informed decision-making 45 Unit of competency
AUH47 BSBWOR502 Lead and manage team effectiveness 50 Unit of competency
AUI44 BSBMGT502 Manage people performance 50 Unit of competency
AUK69 BSBWOR501 Manage personal work priorities and professional development 50 Unit of competency
AUM47 BSBCUS501 Manage quality customer service 50 Unit of competency
AUM52 BSBRSK501 Manage risk 50 Unit of competency
AUS45 FNSORG601 Negotiate to achieve goals and manage disputes 40 Unit of competency
AUQ89 FNSCUS506 Record and implement client instructions 60 Unit of competency
Replaces
State Code National Code Title Type
AVY3 FNS50515 Diploma of Personal Trustees Qualification
Replaced By
State Code National Code Title Type
BHX2 FNS52022 Diploma of Personal Trusts Qualification
No information
Entry Requirements

Nil.

Traineeships and Apprenticeships
No information