Unit of competency Outline
Date retreived
23/07/2026 4:36 PM AWST
23/07/2026 4:36 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.
Establish powers of attorney
Establish powers of attorney
Unit of competency
National Code
FNSPRT405A
FNSPRT405A
State Code
D4299
D4299
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
29/07/2014
Field of Education
081105 - Investment And Securities
Original Release Date
29/07/2014
Nominal Hours
50
Description
This unit describes the performance outcomes, skills and knowledge required to establish an attorneyship or accept appointment under a financial administration order in accordance with relevant organisational and legal requirements.This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body.
Notes
Elements and Performance Criteria
1. Take instructions on behalf of client in relation to attorneyship
- 1.1. The capacity of the client is correctly assessed or confirmed, and a legal or medical opinion is obtained if required
- 1.2. Instructions of client or authority are accurately recorded and essential details about the client established
- 1.3. Client is provided with accurate information, ethical advice and recommendations about options and informed of legislative requirements related to powers of attorney
- 1.4. Board hearings are attended on behalf of the client where appointed as financial administrator by guardianship tribunal or equivalent
2. Prepare, confirm and execute the attorneyship
- 2.1. Drafts of documents are prepared according to statutory requirements and consistent with client's instructions
- 2.2. Documentation is discussed and verified with client and execution of documentation arranged and confirmed
- 2.3. Financial administration order is reviewed to determine parameters of appointment
3. Store attorneyship documentation
- 3.1. Record keeping and safe storage of relevant documentation is organised according to organisational requirements
- 3.2. Where appropriate, an attorneyship or financial administration file is created according to organisational 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.
Capacity of the client may include:
client having unreasonable expectations
client not having full capacity
existence of family conflicts of interest.
Essential details may include:
details concerning assets and liabilities
details of the will and any relevant trusts
personal and family details.
Legislative requirements may include:
court orders
Commonwealth legislation and regulations include Income Tax Assessment Act and Trade Practices Act
State and Territory legislation and regulation relating to attorneyship or guardianship.
Organisational requirements may include:
professional code of conduct in the personal trustee industry including:
ethical practices
integrity
professionalism
confidentiality.
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.
Capacity of the client may include:
client having unreasonable expectations
client not having full capacity
existence of family conflicts of interest.
Essential details may include:
details concerning assets and liabilities
details of the will and any relevant trusts
personal and family details.
Legislative requirements may include:
court orders
Commonwealth legislation and regulations include Income Tax Assessment Act and Trade Practices Act
State and Territory legislation and regulation relating to attorneyship or guardianship.
Organisational requirements may include:
professional code of conduct in the personal trustee industry including:
ethical practices
integrity
professionalism
confidentiality.
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:
undertake relevant tasks associated with establishing parameters of attorneyship or financial administration order
apply conflict resolution skills to recognise potential conflict, and use strategies to defuse the situation
recognise and use standard and non-standard clauses, and conventions in drafting letters and documents
prepare and interpret financial statements
use investigation skills such as genealogical research.
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 appropriate legislation and regulations relevant to powers of attorney, workplace manuals and reference material such as company policy, procedural manuals and checklists.
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
verbal or written questioning on underpinning knowledge and skills
setting and reviewing simulations or scenarios
accessing and validating third party reports.
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:
undertake relevant tasks associated with establishing parameters of attorneyship or financial administration order
apply conflict resolution skills to recognise potential conflict, and use strategies to defuse the situation
recognise and use standard and non-standard clauses, and conventions in drafting letters and documents
prepare and interpret financial statements
use investigation skills such as genealogical research.
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 appropriate legislation and regulations relevant to powers of attorney, workplace manuals and reference material such as company policy, procedural manuals and checklists.
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
verbal or written questioning on underpinning knowledge and skills
setting and reviewing simulations or scenarios
accessing and validating third party reports.
Guidance information for assessment
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUS69 | FNSPRT405 | Establish powers of attorney or financial administration orders | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D712 | FNS41311 | Certificate IV in Personal Trust Administration | Qualification |