Qualification Outline
22/07/2026 7:33 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
FNS60720
BFE3
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 12/02/2021 | Current | Approved |
| 1.00 | 01/07/2020 | Replaced | Approved |
Description
This qualification is designed for individuals occupying the position of responsible manager in a financial services organisation. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs and for team outcomes.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification is used may be subject to regulatory requirements. Refer to the relevant regulator for specific guidance on requirements.
Schedule
Packaging Rules
Total number of units = ten (10)- five (5) core units plus
- five (5) elective units of which:
- three (3) units must be selected from the electives listed below,
- up to two (2) units may be selected from the electives listed below, or from a Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
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
All five (5) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| BBH69 | FNSINC504 | Apply ethical frameworks and principles to make and act upon decisions | 35 | Unit of competency |
| OBR57 | FNSFMK523 | Comply with requirements of licence and regulatory framework | 70 | Unit of competency |
| OBR76 | FNSFMK619 | Develop and implement policies and procedures to support organisational values and culture | 65 | Unit of competency |
| BBH97 | FNSINC503 | Identify situations requiring complex ethical decision making | 35 | Unit of competency |
| OBR85 | FNSFMK516 | Review and confirm human resources and IT systems satisfy requirements of licence | 65 | Unit of competency |
2. Elective Units
At least three (3) units must be chosen from the elective units listed below.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVY8 | FNS60715 | Advanced Diploma of Financial Licensing Management | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHU3 | FNS60722 | Advanced Diploma of Financial Licensing Management | Qualification |
No information
Entry Requirements
Nil
Traineeships and Apprenticeships