Unit of competency Outline
Date retreived
23/07/2026 3:03 AM AWST
23/07/2026 3:03 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.
Integrate investment strategy with fund operations
Integrate investment strategy with fund operations
Unit of competency
National Code
FNSSUP603A
FNSSUP603A
State Code
D4354
D4354
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
31/07/2014
Field of Education
081105 - Investment And Securities
Original Release Date
31/07/2014
Nominal Hours
80
Description
This unit describes the performance outcomes, skills and knowledge required to obtain specialist advice, manage investment compliance requirements, implement investment strategies, and ti monitor, report on and evaluate investment strategies integrating the fund's investment strategies into fund administration operations.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC).
Notes
Elements and Performance Criteria
1. Obtain specialist investment advice
- 1.1. Specialist investment expertise required by the organisation is sourced and retained
- 1.2. Performance benchmarks are received from trustee
- 1.3. Specialists are provided with information required to determine strategic options for investment
- 1.4. Investment procedure is established
- 1.5. Development of investment strategy is facilitated
2. Manage investment compliance requirements
- 2.1. Legislation, regulations and compliance issues relating to investment are identified
- 2.2. Investment strategy is assessed for compliance
- 2.3. Compliance issues and procedures are incorporated into the investment strategy
- 2.4. Performance outcomes are established
- 2.5. Monitoring of compliance is undertaken on an ongoing basis
3. Implement investment strategy
- 3.1. Liaison is provided with custodian/trustees to determine procedure to implement investment strategy
- 3.2. Transfer of funds to investment manager is managed
- 3.3. Liaison is provided with banks and financial services to facilitate strategy
- 3.4. Direct fund investments are implemented
4. Monitor and report on investment strategy
- 4.1. Regular investment reports are prepared for trustee and investment managers, as required
- 4.2. Documentation of investment transactions is managed
- 4.3. Investment performance is monitored and reported on as required
- 4.4. Compliance of investment strategy is monitored
5. Evaluate investment strategy
- 5.1. Investment performance is reviewed and assessed
- 5.2. Performance is evaluated against trustee set benchmarks
- 5.3. Performance is compared with industry indices and market conditions
- 5.4. Performance evaluation is provided to trustee
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.
Information required to determine strategic options may include:
asset classes
investment strategies
organisation benchmarks
return
risk
stock selection
types of managed investments
types of superannuation funds.
Relevant legislation and regulations may include, as amended:
anti-discrimination legislation
Corporations Act
Family Law Legislation Amendment Superannuation Act
Financial Services Reform Act (FSRA)
Income Tax Assessment Act
industrial legislation
Insurance Act
Privacy Act
Retirement Savings Account Act
stamp duty legislation
Superannuation (Resolution of Complaints) Act
Superannuation (Unclaimed Moneys and Lost Members) Act
Superannuation Contributions Tax (Assessment and Collection) Act (surcharge)
Superannuation Guarantee (Administration) Act (SGAA)
Superannuation Industry (Supervision) Act (SIS)
Superannuation Industry (Supervision) Regulations
trade practices legislation
Trustee Acts or Trust Acts in each State and Territory.
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.
Information required to determine strategic options may include:
asset classes
investment strategies
organisation benchmarks
return
risk
stock selection
types of managed investments
types of superannuation funds.
Relevant legislation and regulations may include, as amended:
anti-discrimination legislation
Corporations Act
Family Law Legislation Amendment Superannuation Act
Financial Services Reform Act (FSRA)
Income Tax Assessment Act
industrial legislation
Insurance Act
Privacy Act
Retirement Savings Account Act
stamp duty legislation
Superannuation (Resolution of Complaints) Act
Superannuation (Unclaimed Moneys and Lost Members) Act
Superannuation Contributions Tax (Assessment and Collection) Act (surcharge)
Superannuation Guarantee (Administration) Act (SGAA)
Superannuation Industry (Supervision) Act (SIS)
Superannuation Industry (Supervision) Regulations
trade practices legislation
Trustee Acts or Trust Acts in each State and Territory.
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:
demonstrate knowledge of specialist investment services and source specialist investment advice
manage investment compliance requirements and implement investment strategies
liaise with custodian/trustees to determine procedure to implement investment strategy and monitor, evaluate and report on the investment strategy.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the 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 organisation financial records
access to organisation policies and procedures.
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
observing processes and procedures in workplaces
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports
setting and reviewing workplace business simulations or scenarios.
Guidance information for assessment
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:
demonstrate knowledge of specialist investment services and source specialist investment advice
manage investment compliance requirements and implement investment strategies
liaise with custodian/trustees to determine procedure to implement investment strategy and monitor, evaluate and report on the investment strategy.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the 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 organisation financial records
access to organisation policies and procedures.
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
observing processes and procedures in workplaces
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports
setting and reviewing workplace business simulations or scenarios.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUT42 | FNSSUP603 | Integrate investment strategy with fund operations | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| J604 | FNS60513 | Advanced Diploma of Superannuation | Qualification |