Qualification Outline
22/07/2026 3:29 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.
Diploma of Personal Trustees
Diploma of Personal Trustees
FNS50515
AVY3
Replaced
Replaced
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 22/04/2015 | Current | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification reflects the job role of individuals working in organisations offering personal trustee services. At this level individuals are expected to apply theoretical and specialised skills in a range of situations and to display initiative and judgement in completing activities. They have autonomy in performing complex technical work and can be responsible for planning, coordinating and evaluating the work of others within broad but generally well-defined parameters.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Registered trustee services are licensed. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Schedule
Packaging Rules
Total number of units = eleven (11)- six (6) core units plus
- five (5) elective units
The elective units consist of:
- three (3) from the electives below.
Of the remaining two (2) units:
- up to two (2) may be from the electives
- up to two (2) may be from Certificate IV, 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.
1. Core Units
All six (6) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUS90 | FNSPRT502 | Advise clients in estate planning | 60 | Unit of competency |
| AUS77 | FNSPRT501 | Advise clients on trust structures | 60 | Unit of competency |
| AUR82 | FNSINC401 | Apply principles of professional practice to work in the financial services industry | 20 | Unit of competency |
| AUS80 | FNSPRT503 | Assess, allocate and supervise work within the personal trustee sector | 60 | Unit of competency |
| AUI60 | BSBINM401 | Implement workplace information system | 40 | Unit of competency |
| AUQ82 | FNSCUS502 | Monitor client requirements | 40 | Unit of competency |
2. Elective Units
At least three (3) units must 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 |
|---|---|---|---|---|
| AUR24 | FNSFPL506 | Determine client financial requirements and expectations | 60 | Unit of competency |
| AUL89 | BSBLED501 | Develop a workplace learning environment | 50 | Unit of competency |
| AUI86 | BSBSUS501 | Develop workplace policy and procedures for sustainability | 50 | Unit of competency |
| AUI00 | BSBMKG501 | Identify and evaluate marketing opportunities | 50 | Unit of competency |
| AUI44 | BSBMGT502 | Manage people performance | 50 | Unit of competency |
| AUG94 | BSBMGT605 | Provide leadership across the organisation | 60 | Unit of competency |
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D718 | FNS50511 | Diploma of Personal Trustees | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AZJ5 | FNS52015 | Diploma of Personal Trusts | Qualification |
No information
Entry Requirements
Nil
Traineeships and Apprenticeships