Qualification Outline
22/07/2026 5:38 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.
Advanced Diploma of Financial Licensing Management
Advanced Diploma of Financial Licensing Management
FNS60715
AVY8
Replaced
Transition (Replaced)
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 4.00 | 13/02/2018 | Current | Approved |
| 3.00 | 14/01/2016 | Replaced | Approved |
| 2.00 | 22/04/2015 | Replaced | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification is designed for individuals occupying the position of responsible manager in a financial services organisation. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs and for team outcomes.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification 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.
Schedule
Packaging Rules
Total number of units = ten (10)- five (5) core units plus
- five (5) elective units
The elective units consist of:
- up to five (5) from the electives below
- up to three (3) may be from a Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
In packaging these units for qualifications it is important to note that each of the FNSASIC503 series units can only be counted once towards the issuance of a Diploma qualification, although they may be assessed and issued as Statements of Attainment as often as is required for industry compliance and participants' need.
In practice this means that should a participant achieve accreditation for say, FNSASICV503 Provide advice in derivatives, any future accreditation (and Statements of Attainment) they receive for any other units in this FNSASIC503 series cannot be counted towards a Diploma qualification.
1. Core Units
All five (5) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUR11 | FNSFMK505 | Comply with financial services regulation and industry codes of practice | 40 | Unit of competency |
| AUP51 | FNSPRM606 | Establish or review human resources, administration and information support | 80 | Unit of competency |
| AUS64 | FNSPRM601 | Establish, supervise and monitor practice systems to conform with legislation and regulations | 60 | Unit of competency |
| AUJ27 | BSBCOM603 | Plan and establish compliance management systems | 50 | Unit of competency |
| AUG94 | BSBMGT605 | Provide leadership across the organisation | 60 | Unit of competency |
2. Elective Units
Up to five (5) 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 |
|---|---|---|---|
| D727 | FNS60711 | Advanced Diploma of Financial Licensing Management | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFE3 | FNS60720 | Advanced Diploma of Financial Licensing Management | Qualification |
No information
Entry Requirements
Nil.
Traineeships and Apprenticeships