Unit of competency Outline
Date retreived
23/07/2026 10:34 AM AWST
23/07/2026 10:34 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.
Administer an intestate estate
Administer an intestate estate
Unit of competency
National Code
FNSPRT401A
FNSPRT401A
State Code
D4295
D4295
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
29/07/2014
Field of Education
090907 - Family Law
Original Release Date
29/07/2014
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to administer an intestate estate, including identifying and distributing assets in intestacy and finalising the estate.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Identify assets and liabilities of the intestate estate
- 1.1. The existence of assets and liabilities of the intestate estate are researched, established and confirmed
- 1.2. Accurate valuation is obtained of assets and weighed against liabilities with creditors sought through statutory advertising notices
- 1.3. Accurate statements of assets and liabilities are prepared
- 1.4. Relevant legal and statutory requirements are considered and adhered to and intestate succession confirmed
- 1.5. More complex issues are identified and appropriate action taken based on the administrator's skills and experience
2. Collect and distribute assets
- 2.1. Beneficiaries are notified in a timely and appropriate manner and advised of any Capital Gains Tax (CGT) implications
- 2.2. After death administration liabilities are paid and assets distributed promptly in accordance with relevant laws of the relevant State or Territory
- 2.3. Arrangements are made for a tax return to be lodged to date of death
- 2.4. Internal audit requirements are completed
3. Finalise the intestate estate
- 3.1. Final taxation return is prepared for submission to Australian Taxation Office (ATO)
- 3.2. If required, fees or commissions are calculated and charged and final distribution cheques and final Statements are prepared and sent to beneficiaries
- 3.3. If required, a clearance to Date of Death (DOD) from the ATO office is confirmed
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Legal and statutory requirements may include:
Australian Accounting Standards
Financial Services Reform Act (FSRA)
Financial Transaction Reports Act
Income Tax Assessment Act
industry codes of practice
law of intestate succession
Privacy Act
taxation law.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Legal and statutory requirements may include:
Australian Accounting Standards
Financial Services Reform Act (FSRA)
Financial Transaction Reports Act
Income Tax Assessment Act
industry codes of practice
law of intestate succession
Privacy Act
taxation law.
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and comply with legislation and procedures relevant to intestate estates
apply taxation requirements relating to intestate estates
identify and manage distribution of assets and liabilities
work within relevant lines of authority.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and comply with legislation and procedures relevant to intestate estates
apply taxation requirements relating to intestate estates
identify and manage distribution of assets and liabilities
work within relevant lines of authority.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUS86 | FNSPRT401 | Administer an intestate estate | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D712 | FNS41311 | Certificate IV in Personal Trust Administration | Qualification |