Unit of competency Outline

Date retreived
22/07/2026 3:39 PM AWST

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Meet compliance requirements relating to insurance broking

Meet compliance requirements relating to insurance broking

Unit of competency
National Code
FNSIBK415
State Code
OCI22
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
081103 - Insurance And Actuarial Studies
Original Release Date
11/03/2021
Nominal Hours
35
Description
This unit describes skills and knowledge required to apply industry and legislative requirements, guidelines and standards, and organisational policies and procedures in a daily work context in an insurance broking business.The unit applies to those working with retail products or retail clients in an insurance broking environment.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Manage client and regulatory information
  • 1.1 Collect and analyse information according to required legislation, regulations and codes of practice and other relevant industry guidelines and standards
  • 1.2 Monitor changes to operational and regulatory requirements and update reference material according to organisational policies and procedures
2. Apply professional work practices
  • 2.1 Clarify and refine work practices in regard to legislation, regulations and codes of practice within required timeframes
  • 2.2 Guide ethical approach to workplace practices and decisions applying required codes of practice
  • 2.3 Obtain assistance from appropriate personnel to clarify work practices and obtain required information when necessary and according to organisational policies and procedures
3. Meet regulatory requirements
  • 3.1 Follow established work, health and safety procedures and contribute to eliminating work hazards and reducing risk in work environment
  • 3.2 Comply with legislative requirements and codes of practice relating to retail clients and retail products when completing work tasks and documentation
  • 3.3 Confirm compliance with codes of practice in respect to retail clients and retail products
No information
No information
State Code National Code Title Type
BFX7 FNS51220 Diploma of Insurance Broking Qualification
BFX3 FNS41720 Certificate IV in Insurance Broking Qualification