Unit of competency Outline

Date retreived
23/07/2026 1:11 PM AWST

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Inspect property for saleable items and determine their value

Inspect property for saleable items and determine their value

Unit of competency
National Code
FNSIGN406
State Code
AUR55
TGA Status
Deleted
DTWD Status
Deleted
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
080503 - Real Estate
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to inspect property subject to a claim, and identify serviceable and saleable property and items to determine whether they can be sold and what their value would be.It applies to individuals who may use specialist techniques to carry out inspections within organisations of various sizes and across a range of customer bases.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. Carry out inspection of property to identify serviceable and saleable items and components
  • 1.1 Complete inspection safely without causing damage to any property, component or system
  • 1.2 Access and interpret correct information
  • 1.3 Inspect property, components and items to identify serviceable and saleable components
  • 1.4 Include planned action and expected result of sale in final loss calculation
  • 1.5 Carry out inspection activities according to industry regulations and guidelines
2. Determine property, component and item retail or salvage price
  • 2.1 Undertake valuation of identified property serviceable and saleable items and components to calculate final value
  • 2.2 Estimate retail price and salvage cost
  • 2.3 Recommend action and record according to organisational policy, legislation and regulations
No information
No information
Replaces
State Code National Code Title Type
D4207 FNSIGN406A Inspect vehicle or property for saleable items and determine their value Unit of competency
State Code National Code Title Type
AWF7 FNS51415 Diploma of Loss Adjusting Qualification