FNSCUS505 Determine client requirements and expectations

Supersededtraining.gov.au: supersededEquivalent

The currency period for FNSCUS505 ended on 2 November 2020 — 5 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 4 November 2021 — 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The same date closes a second obligation: under s 7(2)(c) of the same instrument, advertising may refer to a superseded product only while it is on scope and new enrolments are permitted.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Sector-wide: the item 14 cut-off, measured across every live scope · the repealed 12-month rule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
Unit of competency
Training package
FNS — Financial Services Training Package
Currency period ends
2 November 2020
Latest release
Release 1 · 25 March 2015
Supersedes
FNSCUS505A
Superseded by
FNSCUS515 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. FNSCUS505Superseded — equivalentDetermine client requirements and expectations
  2. equivalent
  3. FNSCUS515CurrentDetermine client financial requirements and expectations

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.

  • FNSCUS505AFNSCUS505equivalent24 March 2015

    Updated to meet Standards for Training Packages

  • FNSCUS505FNSCUS515equivalent3 November 2020

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

Is FNSCUS505 on your scope?

This page is the register's record of one product. What it cannot tell you is whether FNSCUS505 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.

Where FNSCUS505 is used

training.gov.au lists FNSCUS505 inside 21 training products, 1 of them current. Every one of them is below, with the register's own core or elective flag for FNSCUS505 in that product.

Current products 1 listed

CodeTraining productTypeFNSCUS505 is
FNS51420Diploma of Loss AdjustingQualificationcore

Products no longer current 20 listed

The register still records FNSCUS505 inside these, but it no longer recommends them as current. They are here because a scope history or an old enrolment can still point at them.

CodeTraining productTypeFNSCUS505 is
FNS40715Certificate IV in Financial Practice SupportQualificationelective
FNS41415Certificate IV in General InsuranceQualificationelective
FNS50417Diploma of Payroll ServicesQualificationelective
FNS50615Diploma of Financial PlanningQualificationelective
FNS50715Diploma of SuperannuationQualificationelective
FNS50915Diploma of Banking Services ManagementQualificationelective
FNS50920Diploma of Banking Services ManagementQualificationelective
FNS51015Diploma of Financial MarketsQualificationelective
FNS51020Diploma of Financial MarketsQualificationelective
FNS51115Diploma of General InsuranceQualificationelective
Show the remaining 10 products no longer current
CodeTraining productTypeFNSCUS505 is
FNS51315Diploma of Life InsuranceQualificationelective
FNS51415Diploma of Loss AdjustingQualificationelective
FNS51515Diploma of Credit ManagementQualificationelective
FNS51520Diploma of Credit ManagementQualificationelective
FNS51815Diploma of Financial ServicesQualificationelective
FNS51820Diploma of Financial ServicesQualificationelective
FNS60415Advanced Diploma of Financial PlanningQualificationelective
FNS60515Advanced Diploma of SuperannuationQualificationelective
FNS60715Advanced Diploma of Financial Licensing ManagementQualificationelective
FNS60720Advanced Diploma of Financial Licensing ManagementQualificationelective

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 FNSCUS505 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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