Unit of competency Outline

Date retreived
22/07/2026 7:56 AM AWST

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Facilitate knowledge of superannuation as an investment tool

Facilitate knowledge of superannuation as an investment tool

Unit of competency
National Code
FNSFLT515
State Code
OCZ56
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
02/02/2021
View on TGA
State Implementation and Classification
Approved Date
22/04/2021
Field of Education
081105 - Investment And Securities
Original Release Date
22/04/2021
Nominal Hours
55
Description
This unit describes the skills and knowledge required to educate customers, or other people in or entering the workforce, about the role of superannuation as a long-term investment device to assist with their preparation for retirement. This includes the purpose of superannuation, statutory requirements for employer contributions, and the role of a range of investment vehicles in the building of a superannuation portfolio and the monitoring of a superannuation scheme’s performance over time.The unit applies to those who use specialised knowledge and interpersonal skills to mentor and educate others in financial literacy matters.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Facilitate individual’s knowledge of superannuation environment in Australia
  • 1.1 Identify and analyse with individual purposes and benefits of superannuation as part of a long-term investment strategy to support people in retirement
  • 1.2 Identify and assess with individual characteristics of superannuation in Australia
  • 1.3 Identify and discuss with individual the role of regulators and trustees in the regulation and management of superannuation funds in the Australian superannuation industry
  • 1.4 Identify and discuss with individual sources for obtaining information about superannuation in Australia
2. Outline investment vehicles used in superannuation funds to individual
  • 2.1 Identify with individual types and roles of superannuation schemes and fund managers
  • 2.2 Explain to individual and analyse investment objectives and their related strategies
  • 2.3 Explain to individual role of death benefits in superannuation schemes
  • 2.4 Explain to individual and analyse costs of administering and managing superannuation funds
  • 2.5 Analyse and compare with individual cross-section of superannuation funds’ performance over time
  • 2.6 Discuss with individual variables that contributed to performance of analysed superannuation funds
3. Foster individual’s active management of superannuation funds
  • 3.1 Explain and demonstrate to individual methods for checking and analysing superannuation statements
  • 3.2 Identify and discuss with individual strategies for building superannuation savings
  • 3.3 Identify and discuss with individual mechanisms to carry out actions in relation to the individual’s own superannuation fund
4. Foster individual’s understanding of structures and strategies to deploy superannuation savings
  • 4.1 Identify and discuss with individual events, processes and requirements which prompt management or deployment of superannuation funds
  • 4.2 Explain to individual the role and nature of preserved and non-preserved components of superannuation funds
  • 4.3 Identify and explain to individual the minimum age that superannuation benefits can be accessed and the impact on the fund management
  • 4.4 Define and explain to individual the nature of accumulation funds and defined benefit funds
  • 4.5 Explain to individual structures and techniques for using superannuation funds upon retirement
No information
No information
Replaces
State Code National Code Title Type
AUQ96 FNSFLT505 Facilitate customer or employee knowledge of superannuation as an investment tool Unit of competency
State Code National Code Title Type
BHU8 FNS51822 Diploma of Financial Services Qualification
BFE8 FNS51820 Diploma of Financial Services Qualification