Qualification Outline
Date retreived
22/07/2026 8:08 AM AWST
22/07/2026 8:08 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 Credit Management
Diploma of Credit Management
Qualification
National Code:
FNS51511
FNS51511
State Code:
D723
D723
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
18/07/2013
Approved Date
29/07/2014
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
505
Duration
2 Semesters
Current Release Number
3.00
Current Release Date
18/07/2013
VET Act Conditions
—
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 3.00 | 18/07/2013 | Current | Approved |
Description
This qualification reflects job roles such as credit manager in a range of financial services and other industry enterprises.
Schedule
Packaging Rules
12 units must be achieved:7 core units
plus 5 elective units.
5 elective units may be selected from the elective units listed below or any other qualification at Diploma level within the FNS training package.
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:
FNSCRD501A Respond to personal insolvency situations
FNSCRD504A Manage the credit relationship
FNSCRD505A Respond to corporate insolvency situations
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSORG401A Conduct individual work within a compliance framework
FNSORG502A Develop and monitor policy and procedures
BSBRSK501B Manage risk
Elective units of competency:
FNSCNV506A Establish and manage a trust account
FNSCRD404A Utilise the legal process to recover outstanding debt
FNSCRD405A Manage overdue customer accounts
FNSCRD502A Manage factoring and invoice discounting arrangements
FNSCRD503A Promote understanding of the role and effective use of consumer credit
FNSCUS504A Manage premium customer relationships
FNSCUS505A Determine client requirements and expectations
FNSORG507A Manage client service and business information
FNSORG604A Establish outsourced services and monitor performance
FNSRSK601A Develop and implement risk mitigation plan
BSBCOM402B Implement processes for the management of a breach in compliance
BSBCUS501C Manage a quality customer service
BSBINN601A Manage organisational change
BSBMGT502B Manage people performance
BSBMGT605B Provide leadership across the organisation
BSBMGT617A Develop and implement a business plan
BSBSMB407A Manage a small team
BSBSUS501A Develop workplace policy and procedures for sustainability
BSBWOR501B Manage personal work priorities and professional development
1. Core Units
All seven (7) units must be completed
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D4168 | FNSINC401A | Apply principles of professional practice to work in the financial services industry | 20 | Unit of competency |
| D9447 | FNSORG401A | Conduct individual work within a compliance framework | 40 | Unit of competency |
| D4263 | FNSORG502A | Develop and monitor policy and procedures | 50 | Unit of competency |
| S8081 | BSBRSK501B | Manage risk | 50 | Unit of competency |
| D4091 | FNSCRD504A | Manage the credit relationship | 35 | Unit of competency |
| D4092 | FNSCRD505A | Respond to corporate insolvency situations | 35 | Unit of competency |
| D4088 | FNSCRD501A | Respond to personal insolvency situations | 30 | Unit of competency |
2. Elective Units
Five (5) units may be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| S731 | FNS51510 | Diploma of Credit Management | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWA8 | FNS51515 | Diploma of Credit Management | Qualification |
No information
Entry Requirements
Not applicable.