Unit of competency Outline
Date retreived
22/07/2026 11:15 PM AWST
22/07/2026 11:15 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.
Allocate authorities and guidelines for distribution
Allocate authorities and guidelines for distribution
Unit of competency
National Code
FNSISV516A
FNSISV516A
State Code
D4254
D4254
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
29/07/2014
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
29/07/2014
Nominal Hours
80
Description
This unit describes the performance outcomes, skills and knowledge required to determine and allocate distribution authorities and guidelines. It encompasses application of criteria for selection of distribution authorities, reaching agreement, monitoring performance and evaluating the effectiveness of the agreement.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. Provide feedback on and/or confirm authorities and guidelines
- 1.1. Draft authorities and guidelines are read and interpreted
- 1.2. Practical application of authorities and guidelines are identified through market testing to determine the need for variance
- 1.3. The final form of the authorities and guidelines are negotiated with relevant parties to ensure they accommodate variations in workplace requirements and are within organisation policy and procedures
- 1.4. Authorised authorities and guidelines are obtained and confirmed in writing
2. Determine allocation of authorities and guidelines
- 2.1. Criteria to be used as a basis for allocation are determined
- 2.2. Allocation is consistent with existing or updated distribution agreements
- 2.3. Allocations are determined within industry code of practice and relevant legislative requirements
- 2.4. Allocation enables the achievement of the desired result in accordance with the business plan
3. Negotiate variations to allocated authorities and guidelines
- 3.1. Variations are negotiated where the opportunities to maximise or adjust business returns are identified
- 3.2. Negotiation is based on all relevant information
- 3.3. Outcome of negotiation is accepted by the parties
4. Allocate authorities and guidelines
- 4.1. Allocations are advised in writing in a clear, concise and timely manner
- 4.2. Training is provided as appropriate and its effectiveness assessed
- 4.3. Allocation of authorities and guidelines are recorded promptly and accurately to ensure records are current
- 4.4. Understanding of authorities and guidelines is verified and recorded where appropriate
- 4.5. Variations to authorities and guidelines are updated in accordance with organisation policy to ensure currency of operational procedures
- 4.6. Implementation procedures are undertaken within relevant industry code of practice and legislative requirements
5. Monitor and review authorities and guidelines compliance
- 5.1. Submissions received are checked for compliance with authorities and guidelines
- 5.2. Business trends and compliance variations are monitored to determine the effectiveness of authorities and guidelines
- 5.3. Non-compliance with authorities and guidelines is rectified promptly to maintain business plan objectives
6. Evaluate effectiveness of authorities and guidelines
- 6.1. Market trends are identified to ensure evaluation is based on reliable information
- 6.2. Trends are assessed to quantify the impact on expected business
- 6.3. Allocations are revised in accordance with changes to code of practice, legislative and organisation policy requirements
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.
Authorities may include:
hazard/risk limits
monetary limits.
Guidelines may include:
conditions of business
criteria and requirements
rules for acceptance.
Variance may include:
authority levels
product delivery method to underwriter
type of hazards/risk
underwriting procedures.
Allocation criteria may include:
business arrangements
focus of market
level of expertise
quality of similar existing business
relationship marketing
volume of business.
Distribution agreements may include:
agency agreements
binder agreements
broker agreements
underwriting agreements.
Legislative requirements may include:
anti-discrimination legislation
Australian Accounting Standards
Australian Prudential Regulation Authority (APRA)
business names legislation
Consumer Credit Code
Corporations Act (including Accounting Standards)
Electronic Funds Transfer (EFT) Code of Conduct
Finance Code
Financial Services Reform Act (FSRA)
Financial Transaction Reports Act
industry codes of practice
Insurance (Agents and Brokers) Act
Insurance Contracts Act
legislation covering competition, prudential regulation
occupational health and safety (OHS) legislation
Privacy Act
taxation law
Trade Practices Act.
Variations may be:
negotiated with members of the distribution channel (both internal and external) to agreed authorities and guidelines.
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.
Authorities may include:
hazard/risk limits
monetary limits.
Guidelines may include:
conditions of business
criteria and requirements
rules for acceptance.
Variance may include:
authority levels
product delivery method to underwriter
type of hazards/risk
underwriting procedures.
Allocation criteria may include:
business arrangements
focus of market
level of expertise
quality of similar existing business
relationship marketing
volume of business.
Distribution agreements may include:
agency agreements
binder agreements
broker agreements
underwriting agreements.
Legislative requirements may include:
anti-discrimination legislation
Australian Accounting Standards
Australian Prudential Regulation Authority (APRA)
business names legislation
Consumer Credit Code
Corporations Act (including Accounting Standards)
Electronic Funds Transfer (EFT) Code of Conduct
Finance Code
Financial Services Reform Act (FSRA)
Financial Transaction Reports Act
industry codes of practice
Insurance (Agents and Brokers) Act
Insurance Contracts Act
legislation covering competition, prudential regulation
occupational health and safety (OHS) legislation
Privacy Act
taxation law
Trade Practices Act.
Variations may be:
negotiated with members of the distribution channel (both internal and external) to agreed authorities and guidelines.
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:
accurately apply the criteria for selection of distribution authorities
monitor and evaluate the effectiveness of the distribution authorities based on the organisation's policies.
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 organisation 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:
accurately apply the criteria for selection of distribution authorities
monitor and evaluate the effectiveness of the distribution authorities based on the organisation's policies.
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 organisation 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 |
|---|---|---|---|
| AUS20 | FNSISV516 | Allocate authorities and guidelines for distribution | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| S727 | FNS51110 | Diploma of General Insurance | Qualification |