Unit of competency Outline

Date retreived
22/07/2026 3:14 PM AWST

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Establish and customise employer accounts in superannuation

Establish and customise employer accounts in superannuation

Unit of competency
National Code
FNSSUP424
State Code
OCI27
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
04/11/2020
View on TGA
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081105 - Investment And Securities
Original Release Date
11/03/2021
Nominal Hours
30
Description
This unit describes the skills and knowledge required to set up accounts for corporate clients of master trusts and clients within industry funds, using a computerised information management system or database.It applies those who use specialised industry knowledge and systematic approaches to structure and organise a range of complex information and data and meet organisational quality assurance requirements.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Obtain information for new employer records
  • 1.1 Obtain details for new employer record from field representative and employer relationship manager
  • 1.2 Check information for completeness, accuracy, inconsistencies and authenticity
  • 1.3 Obtain further details from fund representative and employer, as required
2. Set up new file for employer
  • 2.1 Enter data into organisational information system
  • 2.2 Activate new employer file according to organisational policies and procedures
  • 2.3 Establish employer contribution mechanism, including processes for communication and financial transactions
  • 2.4 Enter details of schedules, exceptions, rules, insurance details and categories
3. Set up account systems
  • 3.1 Set up insurance arrangements
  • 3.2 Enter details of account options
  • 3.3 Establish facility for bulk load transfers if required
  • 3.4 Establish employer details and maintain according to organisational requirements
  • 3.5 Check data entry according to organisational policies and procedures
No information
No information
Replaces
State Code National Code Title Type
AUP43 FNSSUP404 Establish and customise employer accounts Unit of competency
State Code National Code Title Type
BFX1 FNS40920 Certificate IV in Superannuation Qualification