FNS51820 Diploma of Financial Services

Supersededtraining.gov.au: supersededEquivalent

The currency period for FNS51820 ended on 13 June 2022 — 4 years ago. It names one replacement below, with the equivalence it declares for each.

Transition clockClosed to new enrolments

New enrolments are not permitted from 15 June 2023 — one year from the date the replacement was included on the National Register (s 14(1)(a)(i) of the National VET Regulator (Compliance Standards for NVR RTOs and Fit and Proper Person Requirements) Instrument 2025 (F2025L00355, in force 1 July 2025)), or from a later date if ASQA has approved otherwise for your organisation.

Learners already enrolled have no fixed deadline: they complete the product and are issued their AQF certification, or transfer to the replacement, in a timely manner (ASQA guidance, read live 25 August 2026).

The same date closes a second obligation: under s 7(2)(c) of the same instrument, advertising may refer to a superseded product only while it is on scope and new enrolments are permitted. When enrolments stop, the course page advertising it stops being permitted too — and if ASQA approves a later enrolment date, that moves with it.

Sector-wide: the item 14 cut-off, measured across every live scope · the repealed 12-month rule

Product type
Qualification
Training package
FNS — Financial Services Training Package
Currency period ends
13 June 2022
Latest release
Release 4 · 27 January 2022 · 4 releases in all
Supersedes
FNS51815
Superseded by
FNS51822 equivalent

Where the register points next

Each step below is one supersession training.gov.au publishes between two products. The label on the rail is the equivalence the register declares for that step — not our reading of it.

  1. FNS51820Superseded — equivalentDiploma of Financial Services
  2. equivalent
  3. FNS51822CurrentDiploma of Financial Services

What the register says changed

These are the mapping notes training.gov.au attaches to each supersession, quoted as the register writes them. They are the only public record of what actually changed between two versions.

  • FNS51815FNS51820not equivalent30 June 2020

    The register records this supersession but attaches no note on what changed.

  • FNS51820FNS51822equivalent14 June 2022

    The register records this supersession but attaches no note on what changed.

Is FNS51820 on your scope?

This page is the register's record of one product. What it cannot tell you is whether FNS51820 sits on your own scope today, or what else on that scope has moved without anyone noticing. Enter your RTO number and we read every product on your live scope against training.gov.au and tell you which ones are superseded and which replacements the register flags not equivalent.

Public code, nothing else. We read your live scope from training.gov.au and answer here — nothing is stored unless you ask us to watch it.

Whether a supersession requires anything of you, and what, sits with you and your regulator. This page maps what the register records; it does not make that judgement. If the difference between an equivalent and a non-equivalent replacement is the question, we wrote it up in equivalent vs not equivalent.

What FNS51820 is made of

training.gov.au lists 82 units for FNS51820: 3 core and 79 elective. The register does not publish a completion rule in units for this product, so we do not state one. How many of the electives are required is in the packaging rules on training.gov.au.

Core units 3 listed

CodeUnitIn this product
FNSINC411Conduct work according to professional practices in the financial services industrycurrent
FNSINC503Identify situations requiring complex ethical decision makingnot current
FNSRSK411Apply risk management strategies to own workcurrent

Elective units 79 listed

CodeUnitIn this product
BSBCNV501Take instructions in relation to a transactionnot current
BSBCNV502Read and interpret a legal document and provide advicenot current
BSBCNV503Analyse and interpret legal requirements for a transactionnot current
BSBCOM501Identify and interpret compliance requirementsnot current
BSBCOM503Develop processes for the management of breaches in compliance requirementsnot current
BSBCUS501Manage quality customer servicenot current
BSBHRM506Manage recruitment selection and induction processesnot current
BSBINN502Build and sustain an innovative work environmentnot current
BSBLEG513Apply legal principles in corporation law mattersnot current
BSBMGT502Manage people performancenot current
BSBMGT516Facilitate continuous improvementnot current
BSBMGT517Manage operational plannot current
BSBMKG501Identify and evaluate marketing opportunitiesnot current
BSBPMG517Manage project risknot current
BSBPMG521Manage project integrationnot current
BSBPMG522Undertake project worknot current
BSBSLS502Lead and manage a sales teamnot current
BSBSUS501Develop workplace policy and procedures for sustainabilitynot current
BSBWHS504Manage WHS riskscurrent
BSBWHS513Lead WHS risk managementcurrent
BSBWHS517Contribute to managing a WHS information systemcurrent
BSBWOR501Manage personal work priorities and professional developmentnot current
FNSASICM503Provide Tier 1 personal advice in life insurancenot current
FNSBNK502Manage services in a Business Transaction Centrenot current
FNSBNK503Provide business advisory services within a financial services contextnot current
FNSBNK511Manage banking and service strategy for small business customerscurrent
FNSBNK512Assess complex loanscurrent
FNSCMP501Comply with financial services legislationcurrent
FNSCRD503Promote understanding of the role and effective use of consumer creditnot current
FNSCRD504Manage the credit relationshipnot current
Show the remaining 49 elective units
CodeUnitIn this product
FNSCRD511Respond to personal insolvency situationscurrent
FNSCRD515Respond to corporate insolvency situationscurrent
FNSCUS504Manage premium customer relationshipscurrent
FNSCUS512Monitor clients' financial requirementscurrent
FNSCUS513Review business performancecurrent
FNSCUS515Determine client financial requirements and expectationscurrent
FNSCUS516Record and implement client instructionscurrent
FNSFLT511Assist customers to budget and manage own financescurrent
FNSFLT512Facilitate customer awareness of the Australian financial system and marketscurrent
FNSFLT513Promote basic financial literacy in clientscurrent
FNSFLT514Facilitate customer knowledge of personal financial statementscurrent
FNSFLT515Facilitate knowledge of superannuation as an investment toolcurrent
FNSFMK509Process transaction documentationcurrent
FNSFMK515Comply with financial services regulation and industry codes of practicecurrent
FNSFMK520Develop and monitor risk management strategies for clientcurrent
FNSFMK521Analyse financial markets and informationcurrent
FNSFMK524Conduct work within financial markets organisational risk management frameworkcurrent
FNSIAD501Provide appropriate services, advice and products to clientsnot current
FNSIAD502Provide appropriate and timely information and advice to clientsnot current
FNSILD504Implement and manage the distribution plancurrent
FNSILF512Underwrite complex riskscurrent
FNSILF514Manage complex life insurance claimscurrent
FNSILF515Manage ongoing disability claimscurrent
FNSILF516Manage group life insurance claimscurrent
FNSINC412Apply and maintain knowledge of financial products and servicescurrent
FNSINC504Apply ethical frameworks and principles to make and act upon decisionsnot current
FNSINC511Conduct financial product research to support product recommendationscurrent
FNSISV417Use medical terminology in an insurance contextcurrent
FNSISV519Analyse financial, medical and psychological claims assessmentscurrent
FNSISV537Review claims settlement policies and procedurescurrent
FNSORG501Develop and manage a budgetcurrent
FNSORG503Develop a resource plancurrent
FNSORG506Prepare financial forecasts and projectionscurrent
FNSORG507Manage client service and business informationcurrent
FNSORG508Analyse and comment on management reportscurrent
FNSORG512Develop, implement and monitor policy and procedurescurrent
FNSORG514Develop, monitor and supervise work practices to meet financial services regulatory requirementscurrent
FNSORG515Prepare financial reports to meet statutory requirementscurrent
FNSORG613Establish and implement operational guidelines in financial services organisationscurrent
FNSORG614Establish and manage outsourced servicescurrent
FNSRSK511Undertake risk identificationcurrent
FNSRSK512Assess riskscurrent
FNSRSK611Develop and implement risk mitigation plancurrent
FNSSAM502Assess market needsnot current
FNSSAM503Monitor market opportunitiescurrent
FNSSAM511Apply advanced techniques to sell financial products and servicesnot current
FNSSAM612Identify and evaluate marketing opportunities in the financial services industrycurrent
FNSSAM613Tailor financial products to meet client needscurrent
FNSSAM614Establish agreements with intermediaries for product distributioncurrent

Core and elective are the register's own flags on the unit grid of the release read here. "Not current" means training.gov.au no longer recommends that unit for use inside this product — it does not say anything about the product itself.

Source: this product on training.gov.au, Australia's national training register — or go straight to the units it requires. The rule itself is item 14 of F2025L00355, and ASQA publishes the extensions it has granted. Read on 28 August 2026 UTC. Every code, title, date, status and equivalence flag on this page is the register's; nothing here is estimated or inferred, and where the register publishes nothing we say so.

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