Unit of competency Outline

Date retreived
22/07/2026 5:37 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Administer a non-complex estate

Administer a non-complex estate

Unit of competency
National Code
FNSPRT302A
State Code
D4293
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
24/11/2010
View on TGA
State Implementation and Classification
Approved Date
29/07/2014
Field of Education
090907 - Family Law
Original Release Date
29/07/2014
Nominal Hours
50
Description
This unit describes the performance outcomes, skills and knowledge required to administer a non-complex estate including proving the will, confirming assets and entitlements and distributing the estate assets.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Initiate the process of proving the will of the non-complex estate
  • 1.1. Estate file is opened promptly at time of notification of client's death
  • 1.2. Preliminary reading of the will is undertaken to establish parameters and instructions previously given
2. Prove the will
  • 2.1. Identification of formal administration of estate is obtained where required
  • 2.2. If required, a notice of intention to apply for probate is advertised and probate documents are prepared or their preparation arranged
  • 2.3. Probate documents are executed or their execution arranged
3. Identify assets and liabilities and confirm beneficiaries
  • 3.1. The existence and value of assets specifically dealt with in the will are established
  • 3.2. If required, more complex issues are identified and appropriate action based on the administrator's skills and experience are taken
  • 3.3. Creditors are sought through statutory advertising notices and accurate statements of assets and liabilities prepared
  • 3.4. Beneficiaries are located and their identity established
4. Collect assets and confirm entitlement
  • 4.1. Liquid assets are collected and deposited into appropriate funds with cash receipted according to organisational requirements
  • 4.2. All creditors and administration costs are paid
  • 4.3. Schedule of beneficiaries and their entitlements is prepared and approved
5. Distribute and finalise estate
  • 5.1. If required, arrangements are made for final tax return to be prepared and lodged with Australian Taxation Office (ATO)
  • 5.2. Corpus commission is calculated and charged and final fees and charges determined
  • 5.3. Final distribution cheques and final statements are prepared and sent to beneficiaries
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Probate documents include:
the will
death certificate
application for probate
list of assets and liabilities.
More complex issues may include:
companies
family trusts
international and interstate assets and liabilities
partnerships
pastoral properties
other unusual requests or circumstances.
Appropriate action may include:
additional research
input from a supervisor
redistributing the responsibility of the estate to a senior level person within the organisation
working with internal or external contacts with the needed area of expertise.
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
assist clients in administering non-complex estates
apply appropriate customer services strategies
prepare and interpret simple financial statements and perform financial calculations
apply basic investigation skills including genealogical research.

Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to the internet for searches.

Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.

Guidance information for assessment
Replaces
State Code National Code Title Type
C9882 FNSPERT302B Administer a non-complex Estate Unit of competency
Replaced By
State Code National Code Title Type
AUX18 FNSPRT302 Administer a non-complex estate Unit of competency