Qualification Outline
22/07/2026 7:51 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.
Advanced Diploma of Financial Licensing Management
Advanced Diploma of Financial Licensing Management
FNS60711
D727
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 18/07/2013 | Current | Approved |
Description
This qualification is designed for individuals occupying the position of responsible manager in a financial services organisation. It provides individuals with the knowledge and skill compliance requirements for identification as responsible managers for organisational licensing under the Australian Securities and Investments Commission (ASIC) Regulatory Guide 105 (RG105): Licensing: Organisational Compliance.
An organisation’s obligation to ensure their representatives are trained and competent to provide financial services are set out in Section E of Regulatory Guide 104 (RG 104) Licensing: Meeting the general obligations (RG 104). If representatives provide financial product advice to retail clients also Regulatory Guide 146 (RG 146) Licensing: Training of financial product advisers (RG 146).
Schedule
Packaging Rules
10 units must be achieved:5 core units
plus 5 elective units
The 5 elective units of competency may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units must be selected from an Advanced Diploma qualification.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSFMK505A Comply with financial services legislation and industry codes of practice
FNSPRM601A Establish, supervise and monitor practice systems to conform with legislation and regulations
FNSPRM606A Establish or review human resources, administration and information support
BSBCOM603C Plan and establish compliance management systems
BSBMGT605B Provide leadership across the organisation
Elective units of competency:
Financial risk management
FNSRSK501A Undertake risk identification
FNSRSK502A Assess risks
FNSRSK601A Develop and implement risk mitigation plan
FNSRSK602A Determine and manage risk exposure strategies
Financial markets
FNSFMK510A Prepare trading strategies for clients
FNSFMK601A Price financial transactions
FNSFMK602A Hedge financial products
ASIC units
FNSASICS503A Provide advice in Foreign Exchange
FNSASICV503A Provide advice in Derivatives
FNSASICW503A Provide advice in Securities
General financial services units
FNSIAD501A Provide appropriate services, advice and products to clients
FNSIAD502A Provide appropriate and timely information and advice to clients
FNSCUS504A Manage premium customer relationships
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
FNSFMK502A Analyse financial market products for client
FNSFMK503A Advise clients on financial risk
FNSINC501A Conduct product research to support recommendations
1. Core Units
All five (5) units must be completed
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D4127 | FNSFMK505A | Comply with financial services legislation and industry codes of practice | 40 | Unit of competency |
| D4309 | FNSPRM606A | Establish or review human resources, administration and information support | 80 | Unit of competency |
| D4304 | FNSPRM601A | Establish, supervise and monitor practice systems to conform with legislation and regulations | 60 | Unit of competency |
| S8069 | BSBCOM603C | Plan and establish compliance management systems | 50 | Unit of competency |
| D0849 | BSBMGT605B | Provide leadership across the organisation | 60 | 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 |
|---|---|---|---|
| S740 | FNS60710 | Advanced Diploma of Financial Licensing Management | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVY8 | FNS60715 | Advanced Diploma of Financial Licensing Management | Qualification |
No information
Entry Requirements
Not applicable.
Traineeships and Apprenticeships