Unit of competency Outline

Date retreived
23/07/2026 6:24 AM AWST

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Establish, maintain and process superannuation records

Establish, maintain and process superannuation records

Unit of competency
National Code
FNSSUP312
State Code
OCI42
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
25
Description
This unit describes the skills and knowledge required to establish member and employer superannuation records in an information management system, as well as to ensure records are maintained and changes are processed as required.The unit applies to those who, within their level of authority, apply specialised organisational knowledge and follow defined procedures to process and update information.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Set up new member and employer records
  • 1.1 Collect information required to set up new member or employer records according to organisational policies and procedures
  • 1.2 Check information, confirm it is complete, identify errors and make changes within limits of own responsibility
  • 1.3 Enter data into organisational information system according to organisational procedures
  • 1.4 Activate new member or employer record according to regulatory requirements and organisational policies and procedures
  • 1.5 Send confirmation of new record to required stakeholders, according to regulatory requirements and organisational policies and procedures
2. Maintain up-to-date records
  • 2.1 Confirm all transactions are reflected in records
  • 2.2 Identify and rectify inconsistencies within limits of own responsibility and according to organisational policies and procedures
  • 2.3 Update records as new information is received
  • 2.4 Add enquiries and communications to records
  • 2.5 Send confirmation of updated records to required stakeholders, according to organisational procedures
3. Identify charges and insurance premiums and produce statements as required
  • 3.1 Identify process of determining interest entitlements
  • 3.2 Identify administrative charges and insurance premiums on records
  • 3.3 Identify elements of member benefit statements and calculation processes
  • 3.4 Produce statements as required and according to organisational procedures
No information
No information
Replaces
State Code National Code Title Type
AUT30 FNSSUP302 Establish, maintain and process superannuation records Unit of competency
State Code National Code Title Type
BFE7 FNS30120 Certificate III in Financial Services Qualification
BHT6 FNS30122 Certificate III in Financial Services Qualification