Unit of competency Outline

Date retreived
22/07/2026 12:43 PM AWST

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Establish and customise employer accounts

Establish and customise employer accounts

Unit of competency
National Code
FNSSUP404
State Code
AUP43
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081105 - Investment And Securities
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to set up accounts for corporate clients of master trusts and clients within industry funds, using a computerised information management system or database.It applies to individuals who use specialised industry knowledge and systematic approaches to structure and organise a range of complex information and data, and meet organisational quality assurance requirements.Work functions in the occupational areas where this unit 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.
Notes
Elements and Performance Criteria
1. Obtain information for new employer records
  • 1.1 Obtain comprehensive briefing of details for new employer record from field representative or employer relationship manager
  • 1.2 Check information for completion, accuracy, inconsistencies and authenticity
  • 1.3 Obtain further details from fund representative or employer, as required
2. Set up new file for employer
  • 2.1 Enter data accurately into organisational information system
  • 2.2 Activate new employer file, following organisational procedures
  • 2.3 Establish employer contribution mechanism, including processes for communication and financial transactions
  • 2.4 Enter details of schedules, exceptions, rules, insurance details and categories
3. Set up account systems
  • 3.1 Set up insurance arrangements as required
  • 3.2 Enter details of account options
  • 3.3 Establish facility for bulk load transfers if required
4. Implement quality assurance procedures
  • 4.1 Follow organisational procedures to ensure work is completed accurately
  • 4.2 Establish employer details and maintain in accordance with organisational requirements
  • 4.3 Check data entry according to organisational procedures
No information
No information
Replaces
State Code National Code Title Type
D4339 FNSSUP404A Establish and customise complex employer accounts Unit of competency
Replaced By
State Code National Code Title Type
OCI27 FNSSUP424 Establish and customise employer accounts in superannuation Unit of competency
State Code National Code Title Type
AVZ0 FNS40915 Certificate IV in Superannuation Qualification