Unit of competency Outline

Date retreived
23/07/2026 12:53 PM AWST

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Process benefit payments

Process benefit payments

Unit of competency
National Code
FNSPIM301
State Code
AUS66
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to generate and process benefit related payments. It encompasses accessing and processing payment information and entering it in the correct format on a data management system to ensure timeframes for payment information are met and appropriate records are maintained.It applies to individuals who use specialised knowledge and follow structured approaches, using limited discretion and judgement within the claims management function.Work functions in the occupational areas where this unit 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.
Notes
Elements and Performance Criteria
1. Process payments
  • 1.1 Identify classification types in accordance with organisational criteria, industry best practices, and relevant Acts and regulatory requirements
  • 1.2 Identify, check and accurately record payment information in accordance with organisational guidelines, and Acts and regulatory requirements
  • 1.3 Authorise payments in accordance with payment authority and organisational operating procedures
  • 1.4 Generate payments as directed with reference to Acts, regulations, organisational policy and operating procedures and codes of practice, if applicable, within timeframes
  • 1.5 Complete payment documents identifying relevant details in accordance with legislation and regulatory requirements
  • 1.6 Adhere to payment authority delegations and limits in accordance with organisational policy and procedures
2. Finalise claims payment information to facilitate payment
  • 2.1 Finalise and enter payment information on system to prompt payment where required
  • 2.2 Despatch claims payment data and/or payments within required timeframes
  • 2.3 Copy and file electronic and/or hard copy documents for auditing purposes according to organisational operating procedures
No information
No information
Replaces
State Code National Code Title Type
D4274 FNSPIM301A Process benefit payments Unit of competency