Unit of competency Outline
Date retreived
23/07/2026 9:32 AM AWST
23/07/2026 9:32 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.
Implement complex loan structures
Implement complex loan structures
Unit of competency
National Code
FNSFMB504A
FNSFMB504A
State Code
D4108
D4108
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
29/07/2014
Field of Education
080101 - Accounting
Original Release Date
29/07/2014
Nominal Hours
50
Description
This unit describes the performance outcomes, skills and knowledge required to establish actions, timings and priorities needed to implement complex loans and supervise the implementation process.This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body.
Notes
Elements and Performance Criteria
1. Organise implementation actions
- 1.1. Special or complex features of the client's situation are reviewed for implementation implications including high asset, income or expenditure requirements, complex taxation, the complex nature of the securities to be taken, forms of security to be taken for complex transactions and other legal or complex issues
- 1.2. Implementation actions are prioritised, timing for each action is planned, and activities are confirmed to be consistent with client needs and specifications
- 1.3. Implementation actions required by the client are clearly explained, written agreement to actions is obtained, and implementation records are established
- 1.4. Implementation actions including timing and priority are carried out to maximum advantage for the client
2. Establish appropriate procedures for implementation
- 2.1. Personnel to implement each action for the loan structure are identified and briefed and internal and external documentation requirements completed
- 2.2. Implementation actions that depend on, or involve actions by, other professional such as accountants and lawyers are coordinated with these professionals
- 2.3. Monitoring procedures are established for critical implementation timing and priorities
3. Undertake and/or supervise implementation
- 3.1. Client is briefed on actions to be undertaken and assistance is provided where needed
- 3.2. Instructions are issued to internal and external personnel as per loan structure
- 3.3. Consultation and monitoring is maintained with other professionals where joint implementation action is required and checks and follow-ups are made on lodgement of documentation to ensure plan timings are met
- 3.4. Fees and charges are obtained and processed according to organisation and legislative requirements
- 3.5. Client is debriefed and any concerns are addressed
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.
The complex nature of the securities to be taken may include:
implications of borrowing against leased premises
multiple securities of differing kinds
rural land
specialised securities such as hotels.
Forms of security to be taken for complex transactions may include:
assignment of rental income to the lender
joint and several personal or related company guarantees
multiple mortgages
registered company charges
second mortgages
the involvement of unit or family trusts as either borrower or guarantors.
Documentation may include, but is not limited to:
computer and manual applications
disclaimers
disclosures
insurance policies
prospectus
receipts
written advice.
Relevant legislative requirements may include:
Australian Securities and Investments Commission (ASIC) Act, policy and guidelines
Consumer Affairs Act
Consumer Credit Code
contract law
Corporations Act
industry codes of practice
Privacy Act
State and Territory legislation
Taxation Acts
Trade Practices Act
trust 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.
The complex nature of the securities to be taken may include:
implications of borrowing against leased premises
multiple securities of differing kinds
rural land
specialised securities such as hotels.
Forms of security to be taken for complex transactions may include:
assignment of rental income to the lender
joint and several personal or related company guarantees
multiple mortgages
registered company charges
second mortgages
the involvement of unit or family trusts as either borrower or guarantors.
Documentation may include, but is not limited to:
computer and manual applications
disclaimers
disclosures
insurance policies
prospectus
receipts
written advice.
Relevant legislative requirements may include:
Australian Securities and Investments Commission (ASIC) Act, policy and guidelines
Consumer Affairs Act
Consumer Credit Code
contract law
Corporations Act
industry codes of practice
Privacy Act
State and Territory legislation
Taxation Acts
Trade Practices Act
trust 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:
prepare materials and personnel to effectively implement complex loan structures
interpret and comply with industry regulations and codes of practice
work effectively with associated financial advisers
assess impacts of taxation, social security, economic and other government policies on client investment and financial requirements
establish appropriate audit trails and effectively document records and data.
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
access to financial services product information
access to specialist software and data.
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
setting and reviewing workplace projects and business simulations or scenarios
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:
prepare materials and personnel to effectively implement complex loan structures
interpret and comply with industry regulations and codes of practice
work effectively with associated financial advisers
assess impacts of taxation, social security, economic and other government policies on client investment and financial requirements
establish appropriate audit trails and effectively document records and data.
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
access to financial services product information
access to specialist software and data.
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
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUR03 | FNSFMB504 | Implement complex loan structures | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D716 | FNS50311 | Diploma of Finance and Mortgage Broking Management | Qualification |