Unit of competency Outline
Date retreived
23/07/2026 4:57 AM AWST
23/07/2026 4:57 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.
Provide rural financial counselling services
Provide rural financial counselling services
Unit of competency
National Code
CHCFIN004
CHCFIN004
State Code
AWA84
AWA84
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
04/05/2016
Field of Education
090513 - Counselling
Original Release Date
04/05/2016
Nominal Hours
60
Description
This unit describes the skills and knowledge required to adapt practice to a rural context, targeting the specific needs of rurally based clients using a structured strengths-based and client-focused financial counselling process.This unit applies to financial counsellors. In order to qualify for the Australian Securities and Investments Commission (ASIC) exemption from the delivery of financial service contained in the Financial Services Reform Amendment Act 2003, a financial counsellor must be eligible for membership of the financial counselling association recognised in their State or Territory, or the national financial counselling body. The skills in this unit must be applied in accordance with Commonwealth and State/Territory legislation, Australian/New Zealand Standards and industry codes of practice.
Notes
Elements and Performance Criteria
1. Adapt practice to rural context
- 1.1 Identify and respond to the current philosophies, framework and issues that apply in a rural context, including specific work health and safety issues
- 1.2 Identify and use models of work that may be applied in the rural sector
- 1.3 Recognise and respond to the impact of current and historical social, economic and political factors on clients in the rural sector
2. Target services to the needs of clients in the rural sector
- 2.1 Use approaches that reflect understanding of a farms as both business and family enterprises
- 2.2 Apply knowledge of financial aspects relating to planning and management of a rural enterprise
- 2.3 Collect and review information from key stakeholders and representatives
- 2.4 Make appropriate referrals using knowledge of local support networks
- 2.5 Advocate on behalf of clients in the rural sector where appropriate
- 2.6 Support clients in mediation and negotiation with third parties
3. Ensure personal approach aligns with client needs
- 3.1 Demonstrate a commitment to access and equity principles in all work undertaken
- 3.2 Reflect on and take account of own values and attitudes regarding rural financial counselling
- 3.3 Adapt own approach to meet individual social, cultural and linguistic needs of clients
- 3.4 Respond with sensitivity to clients experiencing stress
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| WC916 | CHCFIN504B | Work effectively in rural financial counselling | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| OEO53 | CHCFIN011 | Provide rural financial counselling services | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| AYZ5 | CHC51115 | Diploma of Financial Counselling | Qualification |