Qualification Outline
22/07/2026 12:51 PM 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.
Certificate I in Basic Financial Literacy
Certificate I in Basic Financial Literacy
FNS10120
BGN7
Current
Approved
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 1.00 | 02/02/2021 | Current | Approved |
Description
This qualification is designed to facilitate an understanding of the Australian financial services marketplace and personal financial situations to address the need of increased nationwide financial literacy. The qualification provides learners with the basic skills and knowledge to pursue further learning in a variety of sectors in the financial services industry. It has wide application and may be used in workplaces, schools, adult and community learning organisations or registered training organisations to build the financial literacy of learners. It may also be used as part of pre-vocational or new apprenticeship programs, or as part of services provided by counselling or advisory organisations. It does not have an industry employment outcome.
Licensing, legislative, regulatory or certification considerations
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Schedule
Packaging Rules
Total number of units = six (6)- six (6) core units
This qualification has no elective units.
1. Core Units
All six (6) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| ODK09 | FNSFLT211 | Develop and use personal budgets | 20 | Unit of competency |
| ODK07 | FNSFLT212 | Develop and use savings plans | 20 | Unit of competency |
| OCZ59 | FNSFLT213 | Develop knowledge of debt and consumer credit | 25 | Unit of competency |
| OCZ77 | FNSFLT214 | Develop knowledge of superannuation | 40 | Unit of competency |
| OCZ79 | FNSFLT216 | Develop knowledge of taxation | 35 | Unit of competency |
| OCZ14 | FNSFLT215 | Develop knowledge of the Australian financial system and markets | 40 | Unit of competency |
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWB1 | FNS10115 | Certificate I in Financial Services | Qualification |
No information
Entry Requirements
Nil