Unit of competency Outline
Date retreived
22/07/2026 3:21 PM AWST
22/07/2026 3:21 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
FNSSUP305A
FNSSUP305A
State Code
D9453
D9453
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
27/02/2012
Field of Education
081105 - Investment And Securities
Original Release Date
27/02/2012
Nominal Hours
30
Description
This unit describes the performance outcomes, 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.
Notes
Elements and Performance Criteria
1. Determine and document member investment instructions
- 1.1 All member investment instructions are accurately and promptly documented
- 1.2 Instructions are clarified with member when necessary and checked that they are in accordance with the trust deed
2. Implement member instructions
- 2.1 Instructions are implemented without amendment or interpretation according to company procedures
- 2.2 Requirements are fulfilled according to company procedures and within required timeframes
- 2.3 All investment documentation is accurately maintained according to company procedures
3. Confirm investment arrangements with the member
- 3.1 Member investment instructions are confirmed and documented
- 3.2 Regular reports on investments are prepared in accordance with instructions and relevant legislative requirements
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.
Member Investment instructions may be provided by:
authorised form
verbal authority (i.e. over the phone)
Member Investment instructions may be provided by:
authorised form
verbal authority (i.e. over the phone)
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:
determine and document member instructions
implement member instructions
confirm investment arrangements with member
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services 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 financial services product information
access to information about a workplace 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 units of competency
observing processes and procedure 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 business simulations or scenarios.
Guidance information for assessment
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
determine and document member instructions
implement member instructions
confirm investment arrangements with member
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services 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 financial services product information
access to information about a workplace 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 units of competency
observing processes and procedure 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 business simulations or scenarios.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUT26 | FNSSUP305 | Implement member investment instructions | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D702 | FNS30111 | Certificate III in Financial Services | Qualification |