Qualification Outline
Date retreived
22/07/2026 8:29 AM AWST
22/07/2026 8:29 AM 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.
Certificate IV in Financial Practice Support
Certificate IV in Financial Practice Support
Qualification
National Code:
FNS40710
FNS40710
State Code:
S706
S706
TGA Status:
Replaced
Replaced
DTWD Status:
Replaced
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0801 - Accounting
Original TGA Release Date
18/07/2013
Approved Date
30/05/2011
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
B
Nominal Hours
430
Duration
1 Semester
Current Release Number
2.00
Current Release Date
18/07/2013
VET Act Conditions
—
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 18/07/2013 | Current | Approved |
Description
This qualification is for individuals performing a support role to qualified financial planners and para-planners. The core units meet Tier 2 status Australian Securities and Investments Commission (ASIC) accreditation requirements for providing limited financial products advice. Conditions relating to this should be obtained from ASIC.
Schedule
Packaging Rules
11 units must be achieved:7 core units
plus 4 elective units
the required elective units of competency can be selected from the elective bank below or from units aligned to other Certificate IV qualificationsin theFNS10 Financial Services Training Package
One (1) elective may be selected from units aligned to Certificate III 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 another 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:
FNSASIC301C Establish client relationship and analyse needs
FNSASIC302C Develop, present and negotiate client solutions
FNSFPL401A Extract and analyse information on specified financial strategies and products
FNSFPL402A Prepare financial plans to set strategies and guidelines
FNSFPL403A Implement financial plans to predetermined guidelines
FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations
FNSINC401A Apply principles of professional practice to work in the financial services industry
Elective units of competency:
BSBCUS402B Address customer needs
BSBOHS303B Contribute to OHS hazard identification and risk assessment
BSBREL402A Build client relationships and business networks
BSBWOR204A Use business technology
FNSASICQ503A Provide advice in First Home Saver Market Linked Accounts
FNSFPL502A Conduct financial planning analysis and research
FNSFPL503A Develop and prepare financial plan
FNSFPL504A Implement financial plan
FNSFPL505A Review financial plans and provide ongoing service
FNSIAD501A Provide appropriate services, advice and products to clients
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
FNSINC501A Conduct product research to support recommendations
1. Core Units
All seven (7) 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 |
| D4139 | FNSFPL501A | Comply with financial planning practice ethical and operational guidelines and regulations | 50 | Unit of competency |
| D4014 | FNSASIC302C | Develop, present and negotiate client solutions | 40 | Unit of competency |
| D4013 | FNSASIC301C | Establish client relationship and analyse needs | 40 | Unit of competency |
| D4136 | FNSFPL401A | Extract and analyse information on specified financial strategies and products | 50 | Unit of competency |
| D4138 | FNSFPL403A | Implement financial plans to predetermined guidelines | 40 | Unit of competency |
| D4137 | FNSFPL402A | Prepare financial plans to set strategies and guidelines | 50 | Unit of competency |
2. Elective Units
Four (4) units may be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C702 | FNS40704 | Certificate IV in Financial Services (Financial Practice Support) | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWC4 | FNS40715 | Certificate IV in Financial Practice Support | Qualification |
No information
Entry Requirements
Not applicable.
Traineeships and Apprenticeships
(TR10930) FINANCIAL PRACTICE SUPPORT (LEVEL 4)
Traineeship