Unit of competency Outline

Date retreived
23/07/2026 4:45 PM AWST

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Assess superannuation benefits and insurance claims under special conditions of release

Assess superannuation benefits and insurance claims under special conditions of release

Unit of competency
National Code
FNSSUP417
State Code
OCI35
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
04/11/2020
View on TGA
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081105 - Investment And Securities
Original Release Date
11/03/2021
Nominal Hours
50
Description
This unit describes the skills and knowledge required to assess superannuation benefits and insurance claims made before a client reaches preservation age. Conditions would include claims for death, total and permanent disability (TPD), income protection, terminal illness payment, situations of severe financial hardship, or situations warranting early release on compassionate grounds.The unit applies to those who use specialised industry knowledge and analytical skills to evaluate and process complex information and data following defined procedures.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 state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Review request for payment
  • 1.1 Identify request for payment
  • 1.2 Review validity of request against fund entitlements within legislative and operating guidelines, and operational authorities
  • 1.3 Use suitable checklist and instruments to ensure accuracy of request content
2. Review documentation and evidence
  • 2.1 Establish payment criteria to enable compliance to be determined within terms and conditions of trust, relevant legislation and operating guidelines
  • 2.2 Obtain additional evidence where required from appropriate parties to confirm that request complies with fund’s conditions of entitlement
  • 2.3 Review documentation and confirm accuracy and completeness
3. Determine entitlement and communicate decision
  • 3.1 Determine level of entitlement based on reviewed information and within own authority levels
  • 3.2 Obtain sign-off from required personnel according to organisational policies and procedures
  • 3.3 Make decision on payment according to trustee instructions, legislative requirements, and operating guidelines
  • 3.4 Communicate decision to relevant parties according to organisational policies and procedures
No information
No information
Replaces
State Code National Code Title Type
AUT31 FNSSUP407 Assess complex superannuation benefit or insurance claims Unit of competency
State Code National Code Title Type
BFX5 FNS50720 Diploma of Superannuation Qualification
BHW8 FNS50722 Diploma of Superannuation Qualification
BFX1 FNS40920 Certificate IV in Superannuation Qualification