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									               Summary of proposed Qualification changes in FNS10

                                     March 2010

 FNS20110 Certificate II in Financial Services
     o Replaced BSBOHS303B Contribute to OHS hazard identification and risk with
        BSBOHS201A Participate in OHS processes. This is considered a more appropriate
        unit for this qualification
 FNS30110 Certificate III in Financial Services
     o Replaced BSBOHS303B Contribute to OHS hazard identification and risk with
        BSBOHS201A Participate in OHS processes. This is considered a more appropriate
        unit for this qualification
     o Two (2) new units included for the life insurance sector:
             FNSILF301A Process a life insurance application
             FNSILF302A Issue a life insurance policy
     o Elective units included to meet the needs of the credit management sector:
             BSBWOR301A Organise personal work priorities and development
             BSBCMM301A Process customer complaints
             BSBCUS301A Deliver and monitor a service to customers
             BSBCUS403A Implement customer service standards
             FNSACC301A Process financial transactions and extract interim reports
             FNSCRD301A Process applications for credit
             FNSCRD302A Monitor and control accounts receivable
             FNSCRD405A Manage overdue customer accounts
             FSNCUS402A Resolve disputes
     o Replaced PSPGOV414A Provide workplace mentoring with TAEDEL404A Mentor in
        the workplace. This is considered a more appropriate unit for this qualification
 FNS30310 Certificate III in Accounts Administration
     o Replaced BSBOHS303B Contribute to OHS hazard identification and risk assessment
        with BSBOHS201A Participate in OHS processes. This is considered a more
        appropriate unit for this qualification
     o Replaced BSBWOR204A Use business technology with BSBITU306A Design and
        produce business documents. This is considered a more appropriate unit for this
        qualification
 FNS40110 Certificate IV in Credit Management
     o Replaced BSBCOM405A Promote compliance with legislation with FNSCMP401A
        Conduct individual work within a compliance framework. This is considered a more
        appropriate unit for this qualification
     o Replaced BSBOHS303B Contribute to OHS hazard identification and risk assessment
        with BSBOHS201A Participate in OHS processes. This is considered a more
        appropriate unit for this qualification
 FNS40610 Certificate IV in Accounting
       o  Replaced BSBOHS303B Contribute to OHS hazard identification and risk assessment
          with BSBOHS201A Participate in OHS processes. This is considered a more
          appropriate unit for this qualification
       o Replace BSBPMG403A Apply cost management techniques with FNSACC407A
          Produce job costing information. This is considered a more appropriate unit for this
          qualification
   FNS40810 Certificate IV in Finance Broking
       o Change the title of the qualification from “Finance and Mortgage Broking” to
          “Finance Broking” at the request of industry because mortgage broking is considered
          a subset of finance broking
       o Replaced BSBWOR204A Use business technology BSBITU306A Design and produce
          business documents. This is considered a more appropriate unit for this qualification
       o Replaced BSBCOM501B Identify and interpret compliance requirements with
          FNSFMK505A Comply with financial services legislation and industry codes of
          practice – this is considered a more appropriate unit for this qualification
   FNS41310 Certificate IV in Personal Trust Administration
       o This qualification has undergone significant restructure:
               FNSPRT406A Administer powers of attorney or financial administration
                   orders has been moved from elective to core
               BSBWOR204A Use business technology has been removed from the
                   qualification
               Electives have been completely replaced and specific credit allowance for
                   units acquired at Certificate III level defined
   FNS41610 Certificate IV in Loss Adjusting
       o BSBITS401A Maintain business technology has been removed from the qualification
       o Replaced BSBOHS404B Contribute to the implementation of strategies to control
          OHS risk with BSBOHS201A Participate in OHS processes. This is considered a more
          appropriate unit for this qualification
       o Additional electives have been added to provide pathways for claims technicians:
               FNSISV306A Receive and record or register a claim
               BSBWOR404B Develop work priorities
   FNS50310 Diploma of Finance Broking Management
       o Change the title of the qualification from “Finance and Mortgage Broking” to
          “Finance Broking” at the request of industry because mortgage broking is considered
          a subset of finance broking
       o Replaced BSBCOM501B Identify and interpret compliance requirements with
          FNSFMK505A Comply with financial services legislation and industry codes of
          practice
   FNS50410 Diploma of Conveyancing
       o FNSACC403A Make decisions in a legal context has been moved from the elective
          pool for the Advanced Diploma to the core
       o Moved BSBLEG415A Apply the principles of contract law from the elective pool into
          the core
       o BSBITS401A Maintain business technology has been removed as not required
       o  FNSCNV601A Identify and conduct searches has been moved from the core to
          electives
       o BSBOHS303B Contribute to OHS hazard identification and risk assessment has been
          moved from the core to electives
       o BSBWOR401A Establish effective workplace relationships has been moved from the
          core to electives
       o Packaging rule for this qualification have been changed to 9 core units and 4
          electives
   FNS50510 Diploma of Personal Trustees
       o BSBOHS303B Contribute to OHS hazard identification and risk assessment has been
          removed as not required
       o Packaging rule for this qualification have been changed to 6 core units and 5
          electives
   FNS50610 Diploma of Financial Planning
       o BSBOHS303B Contribute to OHS hazard identification and risk assessment has been
          removed as not required
       o Packaging rule for this qualification have been changed to 9 core units and 6
          electives
   FNS50710 Diploma of Superannuation
       o BSBOHS404B Contribute to the implementation of strategies to control OHS risk has
          been removed as not required
       o Packaging rule for this qualification have been changed to 2 core units and 10
          electives
   FNS51010 Diploma of Financial Markets
       o Replaced FNSFMK505A Comply with financial services legislation and industry codes
          of practice with BSBCOM406A Conduct work within a compliance framework
       o Removed units as not required:
               BSBOHS303B Contribute to OHS hazard identification and risk assessment
               BSBSUS501A Develop workplace policy and procedures for sustainability
       o Removed the restrictive stream requirements to support freedom of selection while
          providing advice on selection associated with specific roles
       o Packaging rule for this qualification have been changed to 5 core units and 5
          electives
   FNS51510 Diploma of Credit Management
       o Replaced BSBCOM405A with FNSCMP401A Conduct individual work within a
          compliance framework which will be migrated from the FNS04 training package
   FNS51610 Diploma of Securitisation
       o FNSCMP401A Conduct individual work within a compliance framework has been
          removed as not required
       o Packaging rule for this qualification have been changed to 8 core units and 4
          electives
   FNS60310 Advanced Diploma of Conveyancing
       o FNSBLEG415A Apply the principles of contract law has been moved from the
          electives to the core
       o Units have been removed from the core as not required:
                     BSBITS401A Maintain business technology
                     BSBOHS303B Contribute to OHS hazard identification and risk assessment
            o   FNSACC403A Make decisions in a legal context has been moved from the electives
                to the core of the Certificate IV in Conveyancing
            o   BSBWOR401A Establish effective workplace relationships has been moved from the
                core to electives
            o   Packaging rule for this qualification have been changed to 9 core units and 9
                electives

Qualifications for the life insurance industry have undergone major restructure in line with guidance
provided by the sector. Refer to the specific qualification structures for details of the proposed
content.
     Removal of FNS30710 Certificate III in Life Insurance as a generic financial services
        qualification with specific electives is seen as more appropriate.
            o Relevant units of competency included in the elective pool of the Certificate III in
                 Financial Services in line with industry recommendations
     FNS41510 Certificate IV in Life Insurance – refer to the accompanying qualification structure
        document
     FNS51310 Diploma of Life Insurance – refer to the accompanying qualification structure
        document

								
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