Qualification Outline

Date retreived
22/07/2026 8:27 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 Finance and Mortgage Broking Management

Diploma of Finance and Mortgage Broking Management

Qualification
National Code:
FNS50315
State Code:
AWC1
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
25/03/2015
Approved Date
16/09/2015
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
660
Duration
2 Semesters
Current Release Number
5.00
Current Release Date
13/02/2018
VET Act Conditions
—
Releases
Release Version Release Date TGA Status DTWD Status
5.00 13/02/2018 Current Approved
4.00 12/09/2016 Replaced Approved
3.00 14/01/2016 Replaced Approved
2.00 22/04/2015 Replaced Approved
1.00 25/03/2015 Replaced Approved
Description

This qualification reflects management roles in finance and mortgage broking where work is undertaken independently, through an aggregator, or involves managing a workplace team. At this level individuals are expected to apply theoretical knowledge and specialised skills in a range of situations and to display initiative and judgement in planning activities. They have autonomy in performing complex technical operations and may be responsible for the work of others within broad but generally well-defined parameters.

Licensing/Regulatory Information
No licensing or certification requirements apply to this qualification at the time of publication. However, some units will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit. Refer to the FNS Implementation Guide Companion Volume for guidance on requirements.

Schedule
Packaging Rules
Total number of units = fifteen (15)
- ten (10) core units plus
- five (5) elective units

The elective units consist of:
- three (3) from the 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, Diploma or Advanced Diploma 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 ten (10) units must be completed.

State Code National Code Title Hours Type
AUR82 FNSINC401 Apply principles of professional practice to work in the financial services industry 20 Unit of competency
AUR11 FNSFMK505 Comply with financial services regulation and industry codes of practice 40 Unit of competency
AUQ81 FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers 80 Unit of competency
AUR07 FNSFMB502 Identify and develop broking options for clients with complex needs 60 Unit of competency
AUR08 FNSFMB402 Identify client needs for broking services 20 Unit of competency
AUI64 BSBRSK401 Identify risk and apply risk management processes 40 Unit of competency
AUR03 FNSFMB504 Implement complex loan structures 50 Unit of competency
AUR04 FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients 20 Unit of competency
AUR02 FNSFMB403 Present broking options to client 20 Unit of competency
AUR10 FNSFMB503 Present broking options to client with complex needs 50 Unit of competency
2. Elective Units

At least three (3) units must be chosen from the elective units listed.
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
AUS85 FNSRSK502 Assess risks 40 Unit of competency
AUS93 FNSRSK602 Determine and manage risk exposure strategies 50 Unit of competency
AUS41 FNSORG502 Develop and monitor policy and procedures 50 Unit of competency
AUI86 BSBSUS501 Develop workplace policy and procedures for sustainability 50 Unit of competency
AUS64 FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations 60 Unit of competency
AUS70 FNSPRM603 Grow the practice 60 Unit of competency
BBH97 FNSINC503 Identify situations requiring complex ethical decision making 35 Unit of competency
AUI60 BSBINM401 Implement workplace information system 40 Unit of competency
AUS63 FNSPRM602 Improve the practice 60 Unit of competency
AUJ03 BSBMGT517 Manage operational plan 50 Unit of competency
AUI44 BSBMGT502 Manage people performance 50 Unit of competency
AUH72 BSBSMB405 Monitor and manage small business operations 50 Unit of competency
AUI52 BSBWHS303 Participate in WHS hazard identification, risk assessment and risk control 30 Unit of competency
AWY84 TAEDEL402 Plan, organise and facilitate learning in the workplace 25 Unit of competency
AUG94 BSBMGT605 Provide leadership across the organisation 60 Unit of competency
AUR01 FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry 15 Unit of competency
AUS94 FNSRSK501 Undertake risk identification 40 Unit of competency
Replaces
State Code National Code Title Type
D716 FNS50311 Diploma of Finance and Mortgage Broking Management Qualification
Replaced By
State Code National Code Title Type
BGN2 FNS50320 Diploma of Finance and Mortgage Broking Management Qualification
No information
Entry Requirements

Nil

Traineeships and Apprenticeships
No information