Unit of competency Outline
Date retreived
23/07/2026 9:35 PM AWST
23/07/2026 9:35 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 member investment instructions
Implement member investment instructions
Unit of competency
National Code
FNSSUP305
FNSSUP305
State Code
AUT26
AUT26
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081105 - Investment And Securities
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to implement and confirm investment instructions from fund members. The unit encompasses determining and documenting member investment instructions, implementing member instructions and confirming investment arrangements with the member and the fund.It applies to individuals who, within their level of authority, apply specialised organisational knowledge and follow defined procedures to process and update information.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Determine and document member investment instructions
- 1.1 Accurately and promptly document all member investment instructions, whether via authorised form or verbal authority
- 1.2 Clarify instructions with members when necessary and check they are in accordance with trust deed
2. Implement member instructions
- 2.1 Implement instructions without amendment or interpretation according to company procedures
- 2.2 Fulfil requirements according to company procedures and within required timeframes
- 2.3 Accurately maintain all investment documentation according to company procedures
3. Confirm investment arrangements with member
- 3.1 Confirm and document member investment instructions
- 3.2 Prepare regular reports on investments in accordance with instructions and relevant legislative requirements
- 3.3 Communicate change or amendment of member instructions according to organisational procedures
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D9453 | FNSSUP305A | Implement member investment instructions | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| OCI10 | FNSSUP315 | Implement superannuation fund member investment instructions | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFE7 | FNS30120 | Certificate III in Financial Services | Qualification |
| AWA5 | FNS30115 | Certificate III in Financial Services | Qualification |