Qualification Outline
22/07/2026 8:06 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 Insurance Broking
Diploma of Insurance Broking
FNS51215
AWB4
Replaced
Transition (Replaced)
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 3.00 | 13/02/2018 | Current | Approved |
| 2.00 | 22/04/2015 | Replaced | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification is designed for individuals working as insurance brokers within a range of organisations. It supports the role of the professional insurance broking adviser who assists individuals and businesses identify their risks and recommends how these can be managed using insurance and other risk management strategies.
Individuals in these roles may specialise in providing advice services to retail, business or large corporate consumers and may deal with a variety of types of insurances provided by the general and life insurance sectors in servicing client needs. They 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.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Schedule
Packaging Rules
Total number of units = ten (10)- seven (7) core units plus
- three (3) elective units
The elective units consist of:
- two (2) from the electives below
The remaining unit may be from:
- the electives below, or
- a Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
1. Core Units
All seven (7) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUR44 | FNSIBK406 | Deliver professional insurance broking services | 35 | Unit of competency |
| AUR45 | FNSIBK508 | Implement changes to broking client's insurance program | 55 | Unit of competency |
| AUR62 | FNSIBK514 | Manage a complex risk portfolio for a broking client | 70 | Unit of competency |
| AUR53 | FNSIBK515 | Monitor broking client requirements and establish loss control programs | 70 | Unit of competency |
| AUR52 | FNSIBK512 | Negotiate complex claims settlement for insurance broking client | 40 | Unit of competency |
| AUR50 | FNSIBK513 | Prepare a submission for new business | 55 | Unit of competency |
| AUR54 | FNSIBK507 | Review service performance | 55 | Unit of competency |
2. Elective Units
At least two (2) units must 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 |
|---|---|---|---|
| S728 | FNS51210 | Diploma of Insurance Broking | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFX7 | FNS51220 | Diploma of Insurance Broking | Qualification |
No information
Entry Requirements
Nil.
Traineeships and Apprenticeships