Unit of competency Outline
Date retreived
22/07/2026 7:09 PM AWST
22/07/2026 7:09 PM 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.
Invest self-managed superannuation fund assets
Invest self-managed superannuation fund assets
Unit of competency
National Code
FNSSMS511
FNSSMS511
State Code
OCI47
OCI47
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081105 - Investment And Securities
Original Release Date
11/03/2021
Nominal Hours
60
Description
This unit describes the skills and knowledge required to support an authorised representative in assisting a trustee to devise investment objectives and strategies, invest self-managed superannuation fund assets, select investment services, and ensure compliance and monitoring. Importantly, this unit does not involve financial dealing or providing specific financial product advice.The unit applies to those who use specialised knowledge and systematic approaches to prepare and analyse detailed information that supports investment and compliance activities.No licensing, regulatory requirements, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Assist authorised representative to establish objectives and strategy
- 1.1 Identify trustee’s investment objectives according to available information provided by authorised representative
- 1.2 Develop portfolio benchmarks from investment objectives
- 1.3 Determine asset allocation and mix so that portfolio benchmarks and investment objectives can be met
- 1.4 Compare asset allocation to relevant strategic variables
- 1.5 Develop and document investment strategy according to legislative, organisational and trust deed investment requirements
2. Assist authorised representative in selecting investment service providers
- 2.1 Establish performance criteria for service providers according to organisational policies and procedures
- 2.2 Determine shortlist of preferred service providers for clients according to investment objectives
- 2.3 Review and appoint service providers according to established performance criteria
- 2.4 Communicate and explain investment objectives and strategy to investment service providers so they may invest assets into products according to legislative and trust deed requirements
3. Assist in monitoring investment service provider activities
- 3.1 Gather and interpret reports provided by relevant service providers according to legislative, organisational and trust deed requirements
- 3.2 Compare results against documented investment objectives and strategy
- 3.3 Ensure reallocation of assets according to results achieved and investment strategy
- 3.4 Provide member communication and disclosure requirements to client
- 3.5 Manage fund liquidity requirements considering current and future liabilities
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUT09 | FNSSMS501 | Invest self-managed superannuation funds assets | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFX2 | FNS60920 | Advanced Diploma of Paraplanning | Qualification |