Unit of competency Outline

Date retreived
22/07/2026 6:26 PM AWST

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Implement financial plans to predetermined guidelines

Implement financial plans to predetermined guidelines

Unit of competency
National Code
FNSFPL403
State Code
AUR18
TGA Status
Deleted
DTWD Status
Deleted
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
40
Description
This unit describes the skills and knowledge required to implement financial plans where the implementation actions are routine or predetermined.It applies to individuals who work in a team and use organisational skills and specialised knowledge to establish administrative support and maintain quality standards.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. Establish administrative actions needed to implement financial plan
  • 1.1 Check financial plan to verify that implementation actions are within planner’s skills, knowledge and authority
  • 1.2 Establish implementation actions which are consistent with client needs and specifications, and prioritise timings for each action to maximise advantage to client
  • 1.3 Establish implementation diaries and other appropriate records
2. Undertake required actions for implementation of financial plan
  • 2.1 Issue implementation instructions to internal and external personnel as per plan requirements
  • 2.2 Check and follow up actions on lodgement of documentation to ensure plan timings are met
  • 2.3 Obtain and process fees and charges according to organisational and legislative requirements and codes of practice
  • 2.4 Complete and document implementation actions
3. Establish administrative actions needed to review financial plan
  • 3.1 Establish standard operating procedures for reviewing ongoing performance of plan
  • 3.2 Ensure quality of ongoing service meets organisational and regulatory requirements, with any special arrangements agreed to with client
  • 3.3 Issue review instructions to internal and external personnel as per plan requirements
  • 3.4 Establish system to monitor lodged documentation to ensure plan timings are met
  • 3.5 Establish process for ensuring fees and charges are recovered according to organisational and legislative requirements
  • 3.6 Establish audit trails to ensure financial plans are in line with client requirements and managed in accordance with organisational procedures
No information
No information
Replaces
State Code National Code Title Type
D4138 FNSFPL403A Implement financial plans to predetermined guidelines Unit of competency
State Code National Code Title Type
AWC4 FNS40715 Certificate IV in Financial Practice Support Qualification