Qualification Outline
Date retreived
22/07/2026 8:07 AM AWST
22/07/2026 8:07 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 Trustees
Diploma of Personal Trustees
Qualification
National Code:
FNS50511
FNS50511
State Code:
D718
D718
TGA Status:
Replaced
Replaced
DTWD Status:
Replaced
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
16/01/2012
Approved Date
29/07/2014
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
530
Duration
2 Semesters
Current Release Number
1.00
Current Release Date
16/01/2012
VET Act Conditions
—
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 1.00 | 16/01/2012 | Current | Approved |
Description
This qualification reflects the job role of individuals working in organisations offering personal trustee services. Registered trustee services are licensed.
Schedule
Packaging Rules
11 units must be achieved:6 core units
plus5 elective units.
3 elective units must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSCUS502A Monitor client requirements
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSPRT501A Advise clients on trust structures
FNSPRT502A Advise clients in estate planning
FNSPRT503A Allocate, assess and supervise work within the personal trustee sector
BSBINM401A Implement workplace information system
Elective units of competency:
FNSFPL506A Determine client requirements and expectations
BSBLED501A Develop a workplace learning environment
BSBMGT502B Manage people performance
BSBMGT605B Provide leadership across the organisation
BSBMKG501B Identify and evaluate marketing opportunities
BSBSUS501A Develop workplace policy and procedures for sustainability
1. Core Units
All six (6) units must be completed
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D4302 | FNSPRT502A | Advise clients in estate planning | 60 | Unit of competency |
| D4301 | FNSPRT501A | Advise clients on trust structures | 60 | Unit of competency |
| D4303 | FNSPRT503A | Allocate, assess and supervise work within the personal trustee sector | 60 | Unit of competency |
| D4168 | FNSINC401A | Apply principles of professional practice to work in the financial services industry | 20 | Unit of competency |
| D0754 | BSBINM401A | IMPLEMENT WORKPLACE INFORMATION SYSTEM | 40 | Unit of competency |
| D4096 | FNSCUS502A | Monitor client requirements | 40 | Unit of competency |
2. Elective Units
At least three (3) of the five (5) units required 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 |
|---|---|---|---|---|
| D4144 | FNSFPL506A | Determine client requirements and expectations | 60 | Unit of competency |
| D0798 | BSBLED501A | Develop a workplace learning environment | 50 | Unit of competency |
| D1023 | BSBSUS501A | Develop workplace policy and procedures for sustainability | 50 | Unit of competency |
| D0866 | BSBMKG501B | Identify and evaluate marketing opportunities | 50 | Unit of competency |
| D0846 | BSBMGT502B | Manage people performance | 50 | Unit of competency |
| D0849 | BSBMGT605B | Provide leadership across the organisation | 60 | Unit of competency |
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| S721 | FNS50510 | Diploma of Personal Trustees | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVY3 | FNS50515 | Diploma of Personal Trustees | Qualification |
No information
Entry Requirements
Not applicable.
Traineeships and Apprenticeships