Unit of competency Outline
Date retreived
22/07/2026 3:20 PM AWST
22/07/2026 3:20 PM 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.
Implement and manage the distribution plan
Implement and manage the distribution plan
Unit of competency
National Code
FNSILD504A
FNSILD504A
State Code
D4211
D4211
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
29/07/2014
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
29/07/2014
Nominal Hours
50
Description
This unit describes the performance outcomes, skills and knowledge required to communicate and action the distribution plan, monitor actions that arise from the plan, review and revise the plan, and measure ongoing results.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. Communicate the plan
- 1.1. Stakeholders with whom to communicate are identified according to enterprise strategies and policies
- 1.2. Methods of communication are determined which are appropriate to the audience
- 1.3. Feedback processes are established and communication processes are undertaken within timeframes
2. Action the plan
- 2.1. Project steps are established according to plan
- 2.2. Enterprise structure is established
- 2.3. Plan is actioned within established parameters
3. Monitor the actions
- 3.1. Feedback on plan results is analysed within timeframes and following enterprise procedures
- 3.2. Problems and opportunities are identified from analysed feedback and corrective action undertaken expediently on any divergence from plan
4. Review and revise the plan
- 4.1. Review process is established and feedback on all elements of the plan is secured
- 4.2. Discrepancies between performance required and the plan are identified so change actions can be prioritised
- 4.3. Revisions to plan are communicated to stakeholders according to enterprise strategies and policies
5. Measure ongoing results
- 5.1. Key Performance Indicators (KPIs) are monitored
- 5.2. Performance reports are prepared and communicated to relevant stakeholders
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.
Stakeholders may include:
advisers
distribution channel management
employees
prospective and existing policy owners
shareholders.
Methods of communication may include:
electronic
group
individual
meetings
verbal
in writing.
Parameters may include:
budget timeframes
distribution channels
outcomes procedures
resources.
Feedback may include information about:
competitors
customers
environment
internal comparisons
markets
politics
product
regulations
results
social trends
the economy.
Review may include:
contingency plans
internal and external comparisons.
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.
Stakeholders may include:
advisers
distribution channel management
employees
prospective and existing policy owners
shareholders.
Methods of communication may include:
electronic
group
individual
meetings
verbal
in writing.
Parameters may include:
budget timeframes
distribution channels
outcomes procedures
resources.
Feedback may include information about:
competitors
customers
environment
internal comparisons
markets
politics
product
regulations
results
social trends
the economy.
Review may include:
contingency plans
internal and external comparisons.
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:
effectively communicate the distribution plan
action the plan and monitor the actions
review and revise the plan after measuring ongoing results.
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 records
access to organisational 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 projects and 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:
effectively communicate the distribution plan
action the plan and monitor the actions
review and revise the plan after measuring ongoing results.
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 records
access to organisational 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 projects and business simulations or scenarios.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUR68 | FNSILD504 | Implement and manage the distribution plan | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D776 | FNS51312 | Diploma of Life Insurance | Qualification |