Qualification Outline

Date retreived
23/07/2026 12:04 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 I in Basic Financial Literacy

Certificate I in Basic Financial Literacy

Qualification
National Code:
FNS10120
State Code:
BGN7
TGA Status:
Current
DTWD Status:
Approved
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
02/02/2021
Approved Date
22/04/2021
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
180
Duration
1 Semester
Current Release Number
1.00
Current Release Date
02/02/2021
VET Act Conditions
Releases
Release Version Release Date TGA Status DTWD Status
1.00 02/02/2021 Current Approved
Description

This qualification is designed to facilitate an understanding of the Australian financial services marketplace and personal financial situations to address the need of increased nationwide financial literacy. The qualification provides learners with the basic skills and knowledge to pursue further learning in a variety of sectors in the financial services industry. It has wide application and may be used in workplaces, schools, adult and community learning organisations or registered training organisations to build the financial literacy of learners. It may also be used as part of pre-vocational or new apprenticeship programs, or as part of services provided by counselling or advisory organisations. It does not have an industry employment outcome.
Licensing, legislative, regulatory or certification considerations
No licensing, legislative or certification requirements apply to this unit at the time of publication.

Schedule
Packaging Rules
Total number of units = six (6)
- six (6) core units

This qualification has no elective units.
1. Core Units

All six (6) units must be completed.

State Code National Code Title Hours Type
ODK09 FNSFLT211 Develop and use personal budgets 20 Unit of competency
ODK07 FNSFLT212 Develop and use savings plans 20 Unit of competency
OCZ59 FNSFLT213 Develop knowledge of debt and consumer credit 25 Unit of competency
OCZ77 FNSFLT214 Develop knowledge of superannuation 40 Unit of competency
OCZ79 FNSFLT216 Develop knowledge of taxation 35 Unit of competency
OCZ14 FNSFLT215 Develop knowledge of the Australian financial system and markets 40 Unit of competency
Replaces
State Code National Code Title Type
AWB1 FNS10115 Certificate I in Financial Services Qualification
No information
Entry Requirements

Nil

Traineeships and Apprenticeships
No information