Unit of competency Outline

Date retreived
23/07/2026 6:56 AM AWST

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Identify situations requiring complex ethical decision making

Identify situations requiring complex ethical decision making

Unit of competency
National Code
FNSINC503
State Code
BBH97
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
09/05/2018
Field of Education
080301 - Business Management
Original Release Date
09/05/2018
Nominal Hours
35
Description
This unit describes the skills and knowledge required to identify situations requiring complex ethical decision making in a variety of industries and organisational settings. It applies to individuals who use ethical principles and apply ethical frameworks to make decisions in workplace situations. The skills in this unit must be applied according to commonwealth, state and territory legislation, and applicable national standards and industry codes of practice or similar instruments.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
Notes
Elements and Performance Criteria
1. Identify ethical principles
  • 1.1 Identify personal and professional ethical principles relevant to own role, and their effect on actions and behaviour in the workplace
  • 1.2 Analyse the impact that financial rewards and other incentives may have on an individual’s actions
  • 1.3 Analyse the impact of context, group dynamics, and cognitive biases on conduct and behaviour
  • 1.4 Analyse how psychological tendencies and decision-making biases can prevent individuals from perceiving ethical issues in the decisions that they make
  • 1.5 Analyse the difference between ethical conduct and compliant or legal conduct
2. Apply ethical frameworks in the workplace
  • 2.1 Identify workplace situation where complex ethical decisions are required
  • 2.2 Source and access ethical frameworks that can be applied to workplace situation
  • 2.3 Assess factors that may prevent application of ethical frameworks to workplace situation
3. Analyse legal and organisational protection that apply to ethical decision making
  • 3.1 Identify legal protection for ethical actions in workplace situation
  • 3.2 Identify organisational and industry policies and procedures for escalating ethical issues
  • 3.3 Identify sources of advice and guidance that can be used to apply ethical frameworks in the workplace
No information
No information
Replaced By
State Code National Code Title Type
OED09 FNSINC513 Identify and apply complex ethical decision making to workplace situations Unit of competency
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