Unit of competency Outline
Date retreived
22/07/2026 1:57 PM AWST
22/07/2026 1:57 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.
Provide business advisory services within a financial services context
Provide business advisory services within a financial services context
Unit of competency
National Code
FNSBNK513
FNSBNK513
State Code
OEC05
OEC05
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
081101 - Banking And Finance
Original Release Date
07/12/2022
Nominal Hours
60
Description
This unit describes the skills and knowledge required to provide advisory services to small businesses with the intent of stimulating community and business development. It involves the provision of business advice, including the business planning, marketing and opportunity seeking processes required to identify and capitalise on business opportunities and develop financing proposals.The unit applies to individuals who provide specialised knowledge and services and have managerial responsibilities for building business and clients.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Contribute to identification of business opportunities
- 1.1 Foster business relationships with community members and business developers
- 1.2 Identify attributes, and service needs and wants, of business clients as basis for tailoring communications and services
- 1.3 Provide support and advice to potential client in evaluating potential business opportunities and in identifying market potential of business opportunity
- 1.4 Provide support and advice to potential client in identifying financial, infrastructure and human resources required to realise business opportunity
2. Provide advice about development of business plans and financing proposals
- 2.1 Explain requirements and structure of business plan to client
- 2.2 Provide advice regarding development of comprehensive business plan and its implementation
- 2.3 Provide advice regarding development of proposal for financing of business initiative that meets guidelines and requirements of organisation
- 2.4 Provide advice about benefits of accessing other relevant business professionals regarding appropriate business venture structure and compliance with relevant legislation
3. Provide high level and tailored business banking solutions and service
- 3.1 Analyse potential or current usage patterns of business and identify effective service and product options
- 3.2 Determine and evaluate business banking needs to identify products to manage business cash flow, and negotiate rates
- 3.3 Identify, model and sell products to support range of business needs and financial transactions, borrowing and leasing needs
- 3.4 Identify and implement banking services that assist with efficient management and statutory reporting of business
- 3.5 Coordinate service delivery to client by other departments or units across organisation
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUQ70 | FNSBNK503 | Provide business advisory services within a financial services context | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHX4 | FNS50922 | Diploma of Banking Services Management | Qualification |
| BHU8 | FNS51822 | Diploma of Financial Services | Qualification |