Unit of competency Outline

Date retreived
22/07/2026 8:41 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.

Process authorised payments

Process authorised payments

Unit of competency
National Code
FNSACM313
State Code
OCZ37
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
02/02/2021
View on TGA
State Implementation and Classification
Approved Date
22/04/2021
Field of Education
080101 - Accounting
Original Release Date
22/04/2021
Nominal Hours
15
Description
This unit describes the skills and knowledge required to process business financial payments such as paying suppliers, and to initiate non-cash payment services and facilities on the behalf of customers.The unit applies to those who may work under supervision but have responsibility for ensuring the prompt and accurate processing of business expense payments, or initiating non-cash payment facilities on behalf of customersNo licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Verify payment facility requirements
  • 1.1 Confirm payment has been correctly authorised
  • 1.2 Obtain and update data required to facilitate payment
  • 1.3 Identify and adhere to payment system security requirements
2. Create payment facility
  • 2.1 Process payment facility according to organisational policies and procedures
  • 2.2 Create payment records and provide payment receipts as required according to organisational policies and procedures
3. Address routine enquiries and issues about payments made
  • 3.1 Respond to queries about payments made according to organisational policies and procedures
  • 3.2 Investigate concerns about incorrect payments
  • 3.3 Update payment details as advised according to organisational policies and procedures
4. Complete documentation process
  • 4.1 Update and maintain documentation and authorisations required according to organisational policies and procedures and legislative obligations
  • 4.2 Provide copies of payment facility documentation to others as required
No information
No information
Replaces
State Code National Code Title Type
AUQ28 FNSACM303 Process payment documentation Unit of competency