Unit of competency Outline

Date retreived
23/07/2026 6:58 AM AWST

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Invest self-managed superannuation funds assets

Invest self-managed superannuation funds assets

Unit of competency
National Code
FNSSMS501
State Code
AUT09
TGA Status
Replaced
DTWD Status
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
60
Description
This unit describes the skills and knowledge required to assist trustees (the client) with devising investment objectives and strategies, investing self-managed superannuation fund assets, selecting investment services, compliance and monitoring. Importantly, this unit does not involve financial dealing or specific financial product advising.It applies to individuals who use specialised knowledge and systematic approaches to prepare and analyse detailed information that supports investment and compliance activities.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. Assist trustees to devise investment objectives
  • 1.1 Establish investment objectives to meet financial requirements of client
  • 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
2. Assist trustees to devise investment strategy
  • 2.1 Compare asset allocation to appropriate strategic variables
  • 2.2 Develop investment strategy in accordance with organisational and legislative investment requirements
  • 2.3 Document investment strategy in accordance with organisational and legislative requirements
3. Assist trustees in selection of investment services providers
  • 3.1 Establish range of performance criteria for service providers
  • 3.2 Establish preferred list of service providers for clients
  • 3.3 Review service providers against established performance criteria to ensure correct selection
  • 3.4 Appoint suitable service providers that meet established performance criteria
  • 3.5 Explain investment objectives and strategy to investment service providers so they may invest assets into products that are in accordance with legislated and trust deed requirements
4. Assist trustees to monitor investment services provider activities
  • 4.1 Gather and interpret reports provided by relevant service providers
  • 4.2 Compare results against documented investment objectives and strategies
  • 4.3 Ensure reallocation of assets according to results achieved or strategy direction
5. Assist trustees to comply with ongoing management of fund
  • 5.1 Provide member communication and disclosure requirements in accordance with legislative requirements
  • 5.2 Ensure reports produced by service providers are received by trustees
  • 5.3 Manage liquidity requirements of fund, taking into consideration current and future liabilities
No information
No information
Replaces
State Code National Code Title Type
D4327 FNSSMS501A Invest self-managed superannuation funds assets Unit of competency
Replaced By
State Code National Code Title Type
OCI47 FNSSMS511 Invest self-managed superannuation fund assets Unit of competency
State Code National Code Title Type
AWD2 FNS50715 Diploma of Superannuation Qualification
AWA9 FNS60515 Advanced Diploma of Superannuation Qualification