Qualification Outline
Date retreived
22/07/2026 1:44 PM AWST
22/07/2026 1:44 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.
Diploma of Financial Planning
Diploma of Financial Planning
Qualification
National Code:
FNS50611
FNS50611
State Code:
D719
D719
TGA Status:
Replaced
Replaced
DTWD Status:
Replaced
Replaced
National Endorsed, State Implementation and Classification
Field of Education
0811 - Banking, Finance And Related Fields
Original TGA Release Date
11/12/2013
Approved Date
19/03/2012
Stream of Study
Initial Vocational (3100 - 3600)
VET Act Classifier
C
Nominal Hours
780
Duration
2 Semesters
Current Release Number
4.00
Current Release Date
11/12/2013
VET Act Conditions
—
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 4.00 | 11/12/2013 | Current | Approved |
Description
This qualification is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services.
Schedule
Packaging Rules
15 units must be achieved:9 core units
plus 6 elective units
4 elective units must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
Note: Para-planners must select the unit marked ‘*’
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.
Core units of competency:
FNSASICZ503A Provide advice in Financial Planning
FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations
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
FNSFPL506A Determine client requirements and expectations
FNSINC401A Apply principles of professional practice to work in the financial services industry
BSBITU402A Develop and use complex spreadsheets
Elective units of competency:
BSBCUS501C Manage quality customer service
BSBINM401A Implement workplace information system
FNSIBK403A Implement an agreed insurance program for a broking client
FNSIBK506A Monitor broking clients
FNSIBK507A Review broking client service performance
FNSIBK508A Implement changes to broking client's insurance program
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
BSBSMB405B Monitor and manage small business operations
BSBSUS501A Develop workplace policy and procedures for sustainability
FNSASIC301C Establish client relationship and analyse needs
FNSASIC302C Develop, present and negotiate client solutions
FNSASICQ503A Provide advice in First Home Saver Market Linked Accounts
FNSASICU503A Provide advice in Superannuation
FNSASICX503A Provide advice in Life Insurance
FNSASICY503A Provide advice in Insurance Broking
FNSFPL507A Provide financial planning advice
FNSFPL508A Conduct complex financial planning research*
FNSIAD501A Provide appropriate services, advice and products to clients
FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
FNSCUS502A Monitor client requirements
FNSCUS503A Review business performance
FNSINC501A Conduct product research to support recommendations
1. Core Units
All nine (9) 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 |
| D4140 | FNSFPL502A | Conduct financial planning analysis and research | 50 | Unit of competency |
| D4144 | FNSFPL506A | Determine client requirements and expectations | 60 | Unit of competency |
| D4141 | FNSFPL503A | Develop and prepare financial plan | 60 | Unit of competency |
| D0793 | BSBITU402A | Develop and use complex spreadsheets | 60 | Unit of competency |
| D4142 | FNSFPL504A | Implement financial plan | 50 | Unit of competency |
| D4025 | FNSASICZ503A | Provide advice in Financial Planning | 50 | Unit of competency |
| D4143 | FNSFPL505A | Review financial plans and provide ongoing service | 40 | Unit of competency |
2. Elective Units
At least four (4) and up to six (6) units to 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 |
|---|---|---|---|
| S722 | FNS50610 | Diploma of Financial Planning | Qualification |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVX5 | FNS50615 | Diploma of Financial Planning | Qualification |
VET Info Notes
This training program is a representation of the qualification code FNS50611 taken from the FNS10 Financial Services Training Package Version 2 which should be consulted for a full description of requirements.
1. This qualification is the copyright of Department of Employment, Education and Workplace Relations.
2. Further information on this qualification is contained in the training Package available from Innovation & Business Services Skills Australian T: (03) 9815 7000.
3. This qualification was entered on to STARS by Training Curriculum Services on 19/3/2012.
1. This qualification is the copyright of Department of Employment, Education and Workplace Relations.
2. Further information on this qualification is contained in the training Package available from Innovation & Business Services Skills Australian T: (03) 9815 7000.
3. This qualification was entered on to STARS by Training Curriculum Services on 19/3/2012.
Entry Requirements
Not applicable.
Traineeships and Apprenticeships
