Qualification Outline

Date retreived
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
State Code:
D723
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
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.

State Code National Code Title Hours Type
D4099 FNSCUS505A Determine client requirements and expectations 60 Unit of competency
D0853 BSBMGT617A Develop and implement a business plan 60 Unit of competency
D4313 FNSRSK601A Develop and implement risk mitigation plan 50 Unit of competency
D1023 BSBSUS501A Develop workplace policy and procedures for sustainability 50 Unit of competency
D4079 FNSCNV506A Establish and manage a trust account 40 Unit of competency
D4273 FNSORG604A Establish outsourced services and monitor performance 40 Unit of competency
D0634 BSBCOM402B Implement processes for the management of a breach in compliance requirements 40 Unit of competency
D1018 BSBSMB407A Manage a small team 40 Unit of competency
D4268 FNSORG507A Manage client service and business information 100 Unit of competency
D4089 FNSCRD502A Manage factoring and invoice discounting arrangements 40 Unit of competency
D0761 BSBINN601A Manage organisational change 30 Unit of competency
D4087 FNSCRD405A Manage overdue customer accounts 25 Unit of competency
D0846 BSBMGT502B Manage people performance 50 Unit of competency
WB920 BSBWOR501B Manage personal work priorities and professional development 50 Unit of competency
D4098 FNSCUS504A Manage premium customer relationships 60 Unit of competency
S8076 BSBCUS501C Manage quality customer service 50 Unit of competency
D4090 FNSCRD503A Promote understanding of the role and effective use of consumer credit 50 Unit of competency
D4086 FNSCRD404A Utilise the legal process to recover outstanding debt 25 Unit of competency
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.

Traineeships and Apprenticeships
No information