Unit of competency Outline

Date retreived
23/07/2026 6:26 PM AWST

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Implement complex loan structures

Implement complex loan structures

Unit of competency
National Code
FNSFMB504
State Code
AUR03
TGA Status
Replaced
DTWD Status
Replaced
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
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to establish actions, timings and priorities needed to implement complex loans and supervise the implementation process, and applies to finance brokers working with clients with complex needs. It applies to individuals who use specialised knowledge and well developed organisational skills to coordinate the implementation of complex financial processes.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. Organise implementation actions
  • 1.1 Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues
  • 1.2 Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications
  • 1.3 Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records
  • 1.4 Implement actions including timing and priority to maximise advantage for client
2. Establish appropriate procedures for implementation
  • 2.1 Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements
  • 2.2 Coordinate implementation actions that depend on or involve actions by other professionals
  • 2.3 Establish monitoring procedures for critical implementation timing and priorities
3. Undertake and/or supervise implementation
  • 3.1 Brief client on actions to be undertaken and provide assistance where needed
  • 3.2 Issue instructions to internal and external personnel as per loan structure
  • 3.3 Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met
  • 3.4 Obtain and process fees and charges according to organisational and legislative requirements
  • 3.5 Debrief client post-implementation and address any concerns
No information
No information
Replaces
State Code National Code Title Type
D4108 FNSFMB504A Implement complex loan structures Unit of competency
Replaced By
State Code National Code Title Type
OCZ66 FNSFMB514 Implement complex loan structures Unit of competency
State Code National Code Title Type
AWC1 FNS50315 Diploma of Finance and Mortgage Broking Management Qualification