Qualification Outline
22/07/2026 8:10 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.
Advanced Diploma of Insurance Broking
Advanced Diploma of Insurance Broking
FNS60110
S734
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 18/07/2013 | Current | Approved |
Description
This qualification is designed to reflect role roles in insurance broking in a range of organisations as a team member or leader in a large organisation/small business practice or as a sole operator. The qualification can meet Australian Securities and Investments Commission (ASIC) requirements for licensees and responsible managers in life or general broking organisations.
Possible work functions include:
developing and implementing business plans
managing compliance for the business
developing work processes in broking
developing marketing plans and growth strategies
managing business performance.
Schedule
Packaging Rules
12 units must be achieved4 core units
plus 8 elective units
at least 4 of the required elective units of competency must be selected from the elective bank below containing recommended units for a manager of a broking business or business unit
Two (2) or more electives may be selected from units aligned to Advanced Diploma qualifications in the FNS10 Financial Services or another endorsed Training Package or accredited course
One (1) elective may be selected from units aligned to Diploma qualifications in the FNS10 Financial Services or other endorsed Training Package or accredited course.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS10 Financial Services or BSB07 Business Services Training Packages.
Core units of competency:
FNSINC401A Apply principles of professional practice to work in the financial services industry
FNSIBK601A Develop guidelines for insurance broking services
FNSIBK602A Implement insurance broking service support systems
FNSIBK605A Manage insurance brokerage service performance
Elective units of competency:
BSBCOM603C Plan and establish compliance management systems
BSBMGT515A Manage operational plan
BSBMGT616A Develop and implement strategic plans
BSBSUS501A Develop workplace policy and procedures for sustainability
FNSSAM602A Identify and evaluate marketing opportunities in the financial services industry
FNSIBK603A Manage contractual obligations for insurance and insurance broking products
FNSIBK604A Develop and manage marketing plans for an insurance broking business
FNSIBK606A Manage compliance requirements for an insurance broking business
FNSPRM602A Improve the practice
NOTE Certain elective units may be required to progress to membership of relevant professional organisations. Learners should establish such requirements where they apply in order to make appropriate choices.
1. Core Units
All four (4) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D4168 | FNSINC401A | Apply principles of professional practice to work in the financial services industry | 20 | Unit of competency |
| D4196 | FNSIBK601A | Develop guidelines for broking services | 80 | Unit of competency |
| D4197 | FNSIBK602A | Implement broking service support systems | 80 | Unit of competency |
| D4200 | FNSIBK605A | Manage insurance brokerage service performance | 60 | Unit of competency |
2. Elective Units
At least four (4) and up to eight (8) units to be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| D0852 | BSBMGT616A | Develop and implement strategic plans | 60 | Unit of competency |
| D4199 | FNSIBK604A | Develop and manage marketing plans for an insurance broking business | 70 | Unit of competency |
| D1023 | BSBSUS501A | Develop workplace policy and procedures for sustainability | 50 | Unit of competency |
| D4323 | FNSSAM602A | Identify and evaluate marketing opportunities in the financial services industry | 80 | Unit of competency |
| D4305 | FNSPRM602A | Improve the practice | 60 | Unit of competency |
| D4201 | FNSIBK606A | Manage compliance requirements for an insurance broking business | 60 | Unit of competency |
| D4198 | FNSIBK603A | Manage contractual obligations for insurance and insurance broking products | 70 | Unit of competency |
| D0847 | BSBMGT515A | Manage operational plan | 50 | Unit of competency |
| S8069 | BSBCOM603C | Plan and establish compliance management systems | 50 | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWE0 | FNS60115 | Advanced Diploma of Insurance Broking | Qualification |
No information
Entry Requirements
Not applicable.
Traineeships and Apprenticeships