Course Title: Comply with financial planning practice ethical and operational guidelines and regulations

Part A: Course Overview

Program: C5343 Diploma of Financial Planning

Course Title: Comply with financial planning practice ethical and operational guidelines and regulations

Portfolio: BUS Portfolio Office

Nominal Hours: 50

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.


Course Code




Learning Mode

Teaching Period(s)


City Campus


650T Vocational Business Education

Face-to-Face or Internet

Term1 2016,
Term2 2016,
Term1 2017,
Term2 2017,
Term1 2018,
Term2 2018,
Term1 2019,
Term2 2019,
Term1 2020,
Term2 2020

Course Contact: Callie Harvey

Course Contact Phone: +61 3 9925 5772

Course Contact Email:

Course Description

This unit describes the skills and knowledge required to comply with ethical and operational guidelines in one’s own work.

It applies to individuals who use specialised knowledge to carefully review and check detailed information in their own work to ensure quality standards are maintained.

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.

Pre-requisite Courses and Assumed Knowledge and Capabilities


National Competency Codes and Titles

National Element Code & Title:

FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations


1. Identify and comply with legislative and regulatory requirements

2. Apply standards of ethical behaviour

3. Identify and comply with organisational operation guidelines

Learning Outcomes

Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence

Evidence of the ability to:

  • follow organisational procedures and comply with regulations relating to financial planning practice
  • demonstrate expected standards of ethical behaviour.

Knowledge Evidence

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

  • outline the key requirements of relevant legislation and regulation impacting on financial planning and explain their application to financial planning job roles
  • describe the key features and requirements of:
    • current government financial policy
    • organisational operational procedures
    • industry codes of practice
  • describe the principles and standards of ethical behaviours in financial planning
  • outline the key sources of financial planning information and expert or specialist personnel who can provide advice
  • identify and describe opportunities for professional development and learning.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial planning field of work and include access to:

  • office equipment, technology, software and consumables. 

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.


Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.