Unit of competency Outline

Date retreived
22/07/2026 10:02 PM AWST

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Liaise with and support trustees

Liaise with and support trustees

Unit of competency
National Code
FNSSUP601
State Code
AUT38
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
60
Description
This unit describes the skills and knowledge required to determine trustee requirements, provide support to trustees, make recommendations to trustees and implement trustee decisions.It applies to individuals who use specialised industry knowledge and problem-solving skills to contribute to continuous improvement and implement decisions relating to the management of funds.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. Determine trustee requirements
  • 1.1 Establish communication and documentation requirements of trustees
  • 1.2 Determine support requirements of trustees
  • 1.3 Establish legislative and regulatory requirements in trustee liaisons
  • 1.4 Implement operational procedure for working with trustees
2. Provide support to trustees
  • 2.1 Provide support to trustees in a range of areas
  • 2.2 Update trustees on progress in relevant areas
  • 2.3 Provide trustees with required information to implement trustee responsibilities
  • 2.4 Resolve fund issues within limits of own responsibility
  • 2.5 Manage according to organisational procedures
3. Make recommendations to trustees
  • 3.1 Report on performance regarding standards achieved
  • 3.2 Document recommendations clearly and logically
  • 3.3 Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate
4. Implement trustee decisions
  • 4.1 Clearly define trustee decisions and identify implications
  • 4.2 Communicate trustee decisions to appropriate personnel
  • 4.3 Initiate, supervise and monitor implementation of trustee decisions
  • 4.4 Provide confirmation of implementation to trustees
No information
No information
Replaces
State Code National Code Title Type
D4352 FNSSUP601A Liaise with and support trustees Unit of competency
State Code National Code Title Type
AWA9 FNS60515 Advanced Diploma of Superannuation Qualification