Unit of competency Outline

Date retreived
22/07/2026 6:12 AM AWST

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Apply knowledge of emissions markets

Apply knowledge of emissions markets

Unit of competency
National Code
FNSFMK512
State Code
AUR23
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
16/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to participate in and provide specialist advice on defined financial products in the emissions markets.It applies to individuals who use specialised knowledge (including the mandatory knowledge outlined in ASIC RG146 Appendix A2.11), analytical skills and systematic approaches to manage the provision of advice to clients.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. Comply with regulatory framework unique to emissions markets
  • 1.1 Identify domestic and international regulatory framework within which emissions reduction schemes are placed
  • 1.2 Identify key legislation, regulation and industry codes of practice relevant to operating within Australian emissions markets
  • 1.3 Comply with relevant legal and regulatory principles when operating in emissions markets
  • 1.4 Discuss regulatory risk for both voluntary and regulated emissions markets, and determine possible impacts of pending regulatory or legislative change
2. Evaluate scope and impact of emissions markets
  • 2.1 Identify regulated and voluntary carbon markets and outline how they operate
  • 2.2 Distinguish respective supply and demand drivers for voluntary and regulated markets
  • 2.3 Describe price drivers for emissions products
  • 2.4 Differentiate participants in carbon markets and motivations for their participation
  • 2.5 Distinguish functions of primary and secondary emissions markets
  • 2.6 Discuss auction types and processes
  • 2.7 Describe functions, requirements and rules for registries
3. Identify types of emissions products, their characteristics and liabilities
  • 3.1 Compare different types of emissions products and instruments traded in compliance and voluntary markets
  • 3.2 Identify key features of compliance market products
  • 3.3 Describe risks inherent within each product and their potential impact in given context
  • 3.4 Describe transactional processes for each product, including acquiring, transferring and surrendering
  • 3.5 Describe tax treatment of emissions products, including deductibility of costs where relevant
4. Apply knowledge of emissions products
  • 4.1 Determine relevant information influencing the market
  • 4.2 Analyse relevant information when selecting products for emissions markets transaction
  • 4.3 Devise strategies for using emissions market products
  • 4.4 Seek advice, guidance and specialist expertise when required
  • 4.5 Apply knowledge of financial market transactional processes when operating in emissions markets
  • 4.6 Complete relevant documentation and complete any additional organisational processes
5. Maintain emissions market knowledge
  • 5.1 Review relevant emissions trading markets sources regularly and apply any changes in daily work
  • 5.2 Maintain professional competence in market knowledge in accordance with codes of conduct and/or organisational requirements
  • 5.3 Implement processes for maintaining up-to-date knowledge of relevant aspects of emissions trading markets
No information
No information
Replaces
State Code National Code Title Type
WE877 FNSFMK512A Apply knowledge of emissions markets Unit of competency