Unit of competency Outline
Date retreived
22/07/2026 2:35 PM AWST
22/07/2026 2:35 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.
Provide technical and professional guidance
Provide technical and professional guidance
Unit of competency
National Code
FNSFPL601
FNSFPL601
State Code
AUR49
AUR49
TGA Status
Current
Current
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
40
Description
This unit describes the skills and knowledge required to provide technical and professional guidance in a financial planning practice. It encompasses mentoring staff in the practice, providing technical information to staff and peers, and acting as a practice reference for any special areas of expertise.It applies to experienced individuals with specialised knowledge of the sector and well-developed communication skills who provide leadership and guidance to others, making judgements within their level of responsibility.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. Provide technical guidance to other staff in the practice
- 1.1 Provide technical guidance and advice, appropriate to skill level and need, to other financial planners, trainee financial planners and para-planners to assist in development of financial plans
- 1.2 Provide technical advice and assistance to administrative and processing staff when required
- 1.3 Use specialists with appropriate advanced technical competency as point of reference when required
- 1.4 Recognise potential problems before they develop and take precautionary steps to prevent them
- 1.5 Model and communicate ethical behaviour requirements to staff and peers
2. Provide technical and professional information to staff and peers
- 2.1 Circulate information obtained by representatives that is relevant to staff and peers for development purposes
- 2.2 Provide opportunities to staff for feedback and queries on circulated information
3. Act as practice reference for any special areas of expertise
- 3.1 Establish staff briefings or training sessions in representative’s area of expertise
- 3.2 Develop and deliver skill development exercises for individual staff as required
- 3.3 Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes
- 3.4 Monitor and address practice information and skill requirements in special areas of expertise
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D4147 | FNSFPL601A | Provide technical and professional guidance | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| OCI08 | FNSFPL611 | Provide technical and professional financial planning guidance | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWD6 | FNS60415 | Advanced Diploma of Financial Planning | Qualification |