Unit of competency Outline

Date retreived
22/07/2026 6:52 AM AWST

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Resource a distribution plan

Resource a distribution plan

Unit of competency
National Code
FNSILD502
State Code
AUR67
TGA Status
Current
DTWD Status
Approved
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
081103 - Insurance And Actuarial Studies
Original Release Date
16/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to identify and allocate adequate resources for distribution plans. It encompasses satisfying human resource requirements, providing technology requirements and providing infrastructure requirements.It applies to individuals who use specialised knowledge and organisational skills to plan and implement strategic organisational activity.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. Satisfy human resource requirements
  • 1.1 Determine human resource needs and requirements according to plan requirements
  • 1.2 Develop role specifications according to enterprise format and procedures
  • 1.3 Consider internal and external options with staff selected according to enterprise policy, role descriptions, procedures and legislative requirements
  • 1.4 Appoint staff following enterprise procedures
  • 1.5 Implement performance management systems
2. Provide technology requirements
  • 2.1 Determine technology specifications within enterprise policy and budgets
  • 2.2 Install or contract technology within budget and timelines, and meet all legal requirements
  • 2.3 Regularly review technology performance against specifications and establish contingency plans
3. Provide infrastructure needs
  • 3.1 Specify infrastructure needs and source within budget and timeframes, and according to enterprise’s purchasing policies
  • 3.2 Revise needs to continuously support distribution plan
No information
No information
Replaces
State Code National Code Title Type
D4209 FNSILD502A Resource a distribution plan Unit of competency
State Code National Code Title Type
BHU8 FNS51822 Diploma of Financial Services Qualification
AWB9 FNS51315 Diploma of Life Insurance Qualification