FNS60720 Advanced Diploma of Financial Licensing Management

Supersededtraining.gov.au: supersededEquivalent

The currency period for FNS60720 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The same date closes a second obligation: under s 7(2)(c) of the same instrument, advertising may refer to a superseded product only while it is on scope and new enrolments are permitted.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Sector-wide: the item 14 cut-off, measured across every live scope · the repealed 12-month rule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 2 · 12 February 2021 · 2 releases in all
Supersedes
FNS60715
Superseded by
FNS60722 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. FNS60720Superseded — equivalentAdvanced Diploma of Financial Licensing Management
  2. equivalent
  3. FNS60722CurrentAdvanced Diploma of Financial Licensing Management

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.

  • FNS60715FNS60720not equivalent30 June 2020

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

  • FNS60720FNS60722equivalent14 June 2022

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

Is FNS60720 on your scope?

This page is the register's record of one product. What it cannot tell you is whether FNS60720 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 FNS60720 is made of

training.gov.au lists 27 units for FNS60720: 5 core and 22 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 5 listed

CodeUnitIn this product
FNSFMK516Review and confirm human resources and IT systems satisfy requirements of licencecurrent
FNSFMK523Comply with requirements of licence and regulatory frameworkcurrent
FNSFMK619Develop and implement policies and procedures to support organisational values and culturecurrent
FNSINC503Identify situations requiring complex ethical decision makingnot current
FNSINC504Apply ethical frameworks and principles to make and act upon decisionsnot current

Elective units 22 listed

CodeUnitIn this product
FNSASICS503Provide advice in foreign exchangenot current
FNSASICT503Provide advice in managed investmentsnot current
FNSASICV503Provide advice in derivativesnot current
FNSASICW503Provide advice in securitiesnot current
FNSCUS504Manage premium customer relationshipscurrent
FNSCUS505Determine client requirements and expectationsnot current
FNSCUS506Record and implement client instructionsnot current
FNSFMK502Analyse financial market products for clientcurrent
FNSFMK503Advise clients on financial risknot current
FNSFMK513Undertake assessment of product and advice suitability for non-retail clientscurrent
FNSFMK515Comply with financial services regulation and industry codes of practicecurrent
FNSFMK520Develop and monitor risk management strategies for clientcurrent
FNSFMK521Analyse financial markets and informationcurrent
FNSFMK611Price financial transactionscurrent
FNSFMK612Manage trading exposurescurrent
FNSIAD501Provide appropriate services, advice and products to clientsnot current
FNSIAD502Provide appropriate and timely information and advice to clientsnot current
FNSINC501Conduct product research to support recommendationsnot current
FNSRSK511Undertake risk identificationcurrent
FNSRSK512Assess riskscurrent
FNSRSK611Develop and implement risk mitigation plancurrent
FNSRSK612Determine and manage risk exposure strategiescurrent

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.

Every FNS training product on the register · Search all training products

Is FNS60720 still on your scope? Type your RTO code and get the free breakdown — every superseded product on your live scope, and whether the register flags each replacement equivalent.

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