Unit of competency Outline

Date retreived
23/07/2026 4:39 AM AWST

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Meet industry and legislative guidelines and organisational procedures relating to insurance broking

Meet industry and legislative guidelines and organisational procedures relating to insurance broking

Unit of competency
National Code
FNSIBK405
State Code
AUR42
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
22/04/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
16/09/2015
Nominal Hours
35
Description
This unit describes skills and knowledge required to apply industry and organisational procedures, guidelines, policy and standards in a daily work context within an insurance broking business to meet compliance requirements in line with industry regulations and legislation.It applies to individuals who use learning opportunities to maintain and transfer knowledge into practice to carry out roles in organisations of various sizes and across a range of customer bases. 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. Manage information
  • 1.1 Collect and analyse information on relevant legislation, regulations and codes of practice and other relevant industry guidelines and standards
  • 1.2 Maintain and observe an up-to-date checklist of legislative and regulatory operational requirements
  • 1.3 Update reference material on a regular basis as amendments to legislative and regulatory requirements occur
2. Apply professional work practices
  • 2.1 Clarify and refine work practices regularly in light of up-to-date information on relevant legislation, regulations and codes of practice
  • 2.2 Apply knowledge of organisational philosophy, values, standards and objectives to work practices
  • 2.3 Use relevant codes of practice to guide an ethical approach to workplace practice and decisions
  • 2.4 Obtain assistance from appropriate personnel to clarify work practices and obtain relevant information whenever necessary
3. Meet brokerage work requirements
  • 3.1 Follow established work health and safety procedures, and contribute to eliminating work hazards and reducing risk in work environment
  • 3.2 Use information management systems and software appropriately to complete work tasks
  • 3.3 Participate in and facilitate work team activities
  • 3.4 Plan work to be completed taking into consideration time, resources and other constraints
  • 3.5 Develop and maintain personal competency in job role
  • 3.6 Apply sustainability principles to work practices in accordance with organisational policy
No information
No information
Replaces
State Code National Code Title Type
D4183 FNSIBK405A Meet industry and legislative guidelines and organisational procedures relating to insurance broking Unit of competency
Replaced By
State Code National Code Title Type
OCI22 FNSIBK415 Meet compliance requirements relating to insurance broking Unit of competency
State Code National Code Title Type
AWG0 FNS41715 Certificate IV in Insurance Broking Qualification