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.

Advanced Diploma of Insurance Broking

Advanced Diploma of Insurance Broking

Qualification
National Code:
FNS60115
State Code:
AWE0
TGA Status:
Deleted
DTWD Status:
Deleted
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
650
Duration
2 Semesters
Current Release Number
3.00
Current Release Date
13/02/2018
VET Act Conditions
Releases
Release Version Release Date TGA Status DTWD Status
3.00 13/02/2018 Current Approved
2.00 22/04/2015 Replaced Approved
1.00 25/03/2015 Replaced Approved
Description

This qualification is for those undertaking senior client management and/or business operational management job roles within an insurance broking business. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs, team outcomes. and business performance

Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. The qualification can meet Australian Securities and Investments Commission (ASIC) requirements for licensees and responsible managers in life or general broking organisations. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Schedule
Packaging Rules
Total number of units = ten (10)
- four (4) core units plus
- six (6) elective units

The elective units consist of:
- one (1) must be from Group A..

Of the remaining five (5) units:
- five (5) may be from Group A and B below
- one (1) may be from an Advanced Diploma in the Financial Services Training Package or any currently endorsed training package or accredited course.

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

Units selected from other training packages or accredited courses must not duplicate units selected from or available within the Financial Services or Business Services Training Packages.
1. Core Units

All four (4) units must be completed.

State Code National Code Title Hours Type
AUR51 FNSIBK601 Develop guidelines for broking services 70 Unit of competency
AUR61 FNSIBK607 Lead ethical work practices in an insurance brokerage 70 Unit of competency
AUR64 FNSIBK604 Manage a sales plan for insurance broking services 70 Unit of competency
AUR47 FNSIBK602 Manage implementation of broking service support systems 80 Unit of competency
2. Group A Elective Units

At least one (1) unit must be chosen from Group A.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
AUR71 FNSIBK608 Establish and maintain strategic networks and collaborative relationships 70 Unit of competency
AUR65 FNSIBK606 Manage compliance requirements for an insurance broking business 60 Unit of competency
AUR58 FNSIBK603 Manage contractual, legislative and code of practice obligations and requirements 70 Unit of competency
3. Group B Elective Units

Up to five (5) units may be chosen from Group B.
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
AUS97 FNSSAM502 Assess market needs 60 Unit of competency
AUS93 FNSRSK602 Determine and manage risk exposure strategies 50 Unit of competency
AUK16 BSBMGT617 Develop and implement a business plan 60 Unit of competency
AUS79 FNSRSK601 Develop and implement risk mitigation plan 50 Unit of competency
AUL97 BSBMGT616 Develop and implement strategic plans 60 Unit of competency
AUS52 FNSORG602 Develop and manage financial systems 60 Unit of competency
AUT15 FNSSAM604 Establish agreements with intermediaries for product distribution 80 Unit of competency
AUS65 FNSPRM605 Establish or review marketing, client services and supplier relationships 80 Unit of competency
AUP50 FNSORG604 Establish outsourced services and monitor performance 40 Unit of competency
AUQ92 FNSCUS601 Establish, manage and monitor key relationships 50 Unit of competency
AUS70 FNSPRM603 Grow the practice 60 Unit of competency
AUT04 FNSSAM602 Identify and evaluate marketing opportunities in the financial services industry 80 Unit of competency
BBH97 FNSINC503 Identify situations requiring complex ethical decision making 35 Unit of competency
AUS63 FNSPRM602 Improve the practice 60 Unit of competency
AUG95 BSBLED503 Maintain and enhance professional practice 30 Unit of competency
AUK56 BSBINM601 Manage knowledge and information 60 Unit of competency
AUJ03 BSBMGT517 Manage operational plan 50 Unit of competency
AUQ95 FNSCUS504 Manage premium customer relationships 60 Unit of competency
AUG94 BSBMGT605 Provide leadership across the organisation 60 Unit of competency
AUT02 FNSSAM603 Tailor financial products to meet customer needs 50 Unit of competency
Replaces
State Code National Code Title Type
S734 FNS60110 Advanced Diploma of Insurance Broking Qualification
No information
Entry Requirements

Nil.

Traineeships and Apprenticeships
No information