Unit of competency Outline

Date retreived
23/07/2026 2:19 AM AWST

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Develop and provide knowledge of aged care to superannuation clients

Develop and provide knowledge of aged care to superannuation clients

Unit of competency
National Code
FNSSUP434
State Code
OCI24
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
04/11/2020
View on TGA
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
11/03/2021
Nominal Hours
45
Description
This unit describes the skills and knowledge required to provide assistance to superannuation clients in understanding aged care options and how they work. It involves the provision of general information relating to broad financial and family issues affecting clients.The unit applies to those who use knowledge of aged care services and options to manage communications with clients or relatives of clients in planning for or requiring the use of aged care services. It does not include the provision of personal financial advice.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Research the aged care system in Australia
  • 1.1 Research scope of market for aged care accommodation services
  • 1.2 Analyse types of aged care accommodation and services available in Australia
  • 1.3 Determine options for independent living services and impact on individual’s expenses
  • 1.4 Review structure of aged care system in Australia and identify processes for gaining access to aged care services
2. Provide information about aged care to clients
  • 2.1 Communicate with client regarding aged care according to professional protocols, regulatory requirements, and organisational policies and procedures
  • 2.2 Explain to client the user pays principles underlying aged care fees based on an individual’s assets and income
  • 2.3 Identify relevant categories of fees and how they are calculated
  • 2.4 Communicate options available to client in paying aged care fees and considerations involved in the decision
  • 2.5 Describe how the former home decision affects aged care fees
  • 2.6 Outline process to access government care subsidies
  • 2.7 Describe opportunities to manage cash flow and reduce fees
  • 2.8 Refer client to sources of specialist information or advice to address specific personal needs
3. Outline the effect of aged care on social security payments and estate planning in a superannuation context
  • 3.1 Explain Centrelink or Department of Veterans’ Affairs (DVA) assessment of aged care fees and the impact on a client’s Centrelink and DVA entitlements
  • 3.2 Explain process of moving to aged care accommodation and the impacts on a client’s Centrelink or DVA pension
  • 3.3 Describe the effect of moving into aged care on superannuation assets
  • 3.4 Outline treatment of superannuation and income streams in the means testing arrangements
  • 3.5 Describe financial and emotional decisions that need to be made in relation to the former home and the impact this may have on Centrelink or DVA pension entitlements
  • 3.6 Explain to client estate planning considerations affecting aged care decisions and funding the fees
No information
No information
Replaces
State Code National Code Title Type
AWF05 FNSSUP414 Develop and apply knowledge of aged care Unit of competency