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Evidence Guide: FNSSUP601 - Liaise with and support trustees

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSSUP601 - Liaise with and support trustees

What evidence can you provide to prove your understanding of each of the following citeria?

Determine trustee requirements

  1. Establish communication and documentation requirements of trustees
  2. Determine support requirements of trustees
  3. Establish legislative and regulatory requirements in trustee liaisons
  4. Implement operational procedure for working with trustees
Establish communication and documentation requirements of trustees

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine support requirements of trustees

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish legislative and regulatory requirements in trustee liaisons

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement operational procedure for working with trustees

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide support to trustees

  1. Provide support to trustees in a range of areas
  2. Update trustees on progress in relevant areas
  3. Provide trustees with required information to implement trustee responsibilities
  4. Resolve fund issues within limits of own responsibility
  5. Manage according to organisational procedures
Provide support to trustees in a range of areas

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update trustees on progress in relevant areas

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide trustees with required information to implement trustee responsibilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Resolve fund issues within limits of own responsibility

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage according to organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make recommendations to trustees

  1. Report on performance regarding standards achieved
  2. Document recommendations clearly and logically
  3. Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate
Report on performance regarding standards achieved

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document recommendations clearly and logically

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement trustee decisions

  1. Clearly define trustee decisions and identify implications
  2. Communicate trustee decisions to appropriate personnel
  3. Initiate, supervise and monitor implementation of trustee decisions
  4. Provide confirmation of implementation to trustees
Clearly define trustee decisions and identify implications

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate trustee decisions to appropriate personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Initiate, supervise and monitor implementation of trustee decisions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide confirmation of implementation to trustees

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine trustee requirements

1.1 Establish communication and documentation requirements of trustees

1.2 Determine support requirements of trustees

1.3 Establish legislative and regulatory requirements in trustee liaisons

1.4 Implement operational procedure for working with trustees

2. Provide support to trustees

2.1 Provide support to trustees in a range of areas

2.2 Update trustees on progress in relevant areas

2.3 Provide trustees with required information to implement trustee responsibilities

2.4 Resolve fund issues within limits of own responsibility

2.5 Manage according to organisational procedures

3. Make recommendations to trustees

3.1 Report on performance regarding standards achieved

3.2 Document recommendations clearly and logically

3.3 Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate

4. Implement trustee decisions

4.1 Clearly define trustee decisions and identify implications

4.2 Communicate trustee decisions to appropriate personnel

4.3 Initiate, supervise and monitor implementation of trustee decisions

4.4 Provide confirmation of implementation to trustees

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine trustee requirements

1.1 Establish communication and documentation requirements of trustees

1.2 Determine support requirements of trustees

1.3 Establish legislative and regulatory requirements in trustee liaisons

1.4 Implement operational procedure for working with trustees

2. Provide support to trustees

2.1 Provide support to trustees in a range of areas

2.2 Update trustees on progress in relevant areas

2.3 Provide trustees with required information to implement trustee responsibilities

2.4 Resolve fund issues within limits of own responsibility

2.5 Manage according to organisational procedures

3. Make recommendations to trustees

3.1 Report on performance regarding standards achieved

3.2 Document recommendations clearly and logically

3.3 Provide trustees with recommendations for decisions on outsourced services and fund personnel, where appropriate

4. Implement trustee decisions

4.1 Clearly define trustee decisions and identify implications

4.2 Communicate trustee decisions to appropriate personnel

4.3 Initiate, supervise and monitor implementation of trustee decisions

4.4 Provide confirmation of implementation to trustees

Evidence of the ability to:

determine trustee requirements and provide support to trustees

make recommendations to trustees and implement their decisions

monitor specialist services and make recommendations for improvement to fund service and performance.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify the communication and documentation requirements of trustees

outline documentation management requirements

explain the key compliance and reporting requirements of legislation and regulation relating to:

superannuation

taxation

corporations

compare and contrast industry products and services

outline key features of organisational procedures for:

ensuring compliance

managing specialist services

performance management

explain risk management strategies

discuss the role and responsibilities of trustees

identify and outline timeframe requirements for compliance reports for specialist services.