Qualification Outline

Date retreived
22/07/2026 6:26 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 Superannuation

Diploma of Superannuation

Qualification
National Code:
FNS50720
State Code:
BFX5
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
04/11/2020
Approved Date
11/03/2021
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
520
Duration
2 Semesters
Current Release Number
1.00
Current Release Date
04/11/2020
VET Act Conditions
Releases
Release Version Release Date TGA Status DTWD Status
1.00 04/11/2020 Current Approved
Description

This qualification reflects a range of job roles with specialist responsibilities in the superannuation industry. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.
Licensing, legislative, regulatory or certification considerations
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the qualification.

Schedule
Packaging Rules
Total number of units = twelve (12)
- two (2) core units plus
- ten (10) elective units, of which:
- at least four (4) must be from Group A and/or Group B
- at least four (4) must be from any elective group below
- up to two (2) may be from any currently endorsed training package or accredited course at AQFLevel4 or above, provided they do not duplicate the outcome of another unit chosen for the qualification.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, and contribute to a valid vocational outcome.
1. Core Units

Two (2) core units must be completed.

State Code National Code Title Hours Type
OBR53 FNSINC411 Conduct work according to professional practices in the financial services industry 25 Unit of competency
AUR86 FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector 40 Unit of competency
2. Group A Superannuation

At least four (4) units must be chosen from Group A and/or Group B.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
OCI35 FNSSUP417 Assess superannuation benefits and insurance claims under special conditions of release 50 Unit of competency
OCI17 FNSSUP513 Develop client relationships with employers and establish superannuation systems 60 Unit of competency
OCI03 FNSSUP516 Manage compliance with operational guidelines in superannuation organisations 50 Unit of competency
OCI21 FNSSUP511 Manage customer complaints in superannuation 35 Unit of competency
ODJ74 FNSSUP512 Manage insurer liaison within a superannuation organisation 45 Unit of competency
OCI33 FNSSUP515 Produce reports for superannuation 80 Unit of competency
OCI15 FNSSUP514 Provide information or general advice to superannuation clients 25 Unit of competency
OCI11 FNSSUP518 Provide information to superannuation fund members in writing 60 Unit of competency
OCI13 FNSSUP517 Review performance of superannuation funds against regulatory and contractual requirements 80 Unit of competency
AUT35 FNSSUP509 Work within a defined benefit fund 50 Unit of competency
3. Group B Self-managed Superannuation

At least four (4) units must be chosen from Group A and/or Group B.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
OCI46 FNSSMS513 Manage administration activities of self-managed superannuation funds 70 Unit of competency
OCI19 FNSSMS512 Manage changes to memberships in self-managed superannuation funds 45 Unit of competency
OCI04 FNSSMS514 Meet self-managed superannuation fund compliance requirements 50 Unit of competency
OCI49 FNSSMS411 Process self-managed superannuation contributions 40 Unit of competency
4. Group C General

The remaining units may be chosen from Group C.
Please refer to the packaging rules for the full details of available options.

State Code National Code Title Hours Type
OAE86 BSBRES411 Analyse and present research information 40 Unit of competency
BBH69 FNSINC504 Apply ethical frameworks and principles to make and act upon decisions 35 Unit of competency
OCE94 BSBPMG422 Apply project quality management techniques 30 Unit of competency
OBR52 FNSFMK515 Comply with financial services regulation and industry codes of practice 40 Unit of competency
AUS31 FNSORG503 Develop a resource plan 50 Unit of competency
OCI62 FNSCUS511 Develop and maintain professional relationships in financial services industry 45 Unit of competency
OCE07 BSBSUS511 Develop workplace policies and procedures for sustainability 50 Unit of competency
OBR69 FNSORG514 Develop, monitor and supervise work practices to meet financial services regulatory requirements 55 Unit of competency
AUP50 FNSORG604 Establish outsourced services and monitor performance 40 Unit of competency
OCF41 BSBMKG541 Identify and evaluate marketing opportunities 65 Unit of competency
BBH97 FNSINC503 Identify situations requiring complex ethical decision making 35 Unit of competency
OCE26 BSBSTR402 Implement continuous improvement 35 Unit of competency
OAE70 BSBITS411 Maintain and implement digital technology 30 Unit of competency
OCD43 BSBLDR602 Provide leadership across the organisation 60 Unit of competency
OCE84 BSBPMG430 Undertake project work 55 Unit of competency
Replaces
State Code National Code Title Type
AWD2 FNS50715 Diploma of Superannuation Qualification
Replaced By
State Code National Code Title Type
BHW8 FNS50722 Diploma of Superannuation Qualification
No information
Entry Requirements

Nil

Traineeships and Apprenticeships
No information