FNSFMK505 Comply with financial services regulation and industry codes of practice

Supersededtraining.gov.au: supersededEquivalent

The currency period for FNSFMK505 ended on 29 June 2020 — 6 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 1 July 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The same date closes a second obligation: under s 7(2)(c) of the same instrument, advertising may refer to a superseded product only while it is on scope and new enrolments are permitted.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Sector-wide: the item 14 cut-off, measured across every live scope · the repealed 12-month rule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
29 June 2020
Latest release
Release 1 · 25 March 2015
Supersedes
FNSFMK505A
Superseded by
FNSFMK515 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. FNSFMK505Superseded — equivalentComply with financial services regulation and industry codes of practice
  2. equivalent
  3. FNSFMK515CurrentComply with financial services regulation and industry codes of practice

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.

  • FNSFMK505AFNSFMK505equivalent24 March 2015

    Updated to meet Standards for Training Packages Rewritten and clarified performance criteria in elements 1-3

  • FNSFMK505FNSFMK515equivalent30 June 2020

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

Is FNSFMK505 on your scope?

This page is the register's record of one product. What it cannot tell you is whether FNSFMK505 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 FNSFMK505 is used

training.gov.au lists FNSFMK505 inside 17 training products, 2 of them current. Every one of them is below, with the register's own core or elective flag for FNSFMK505 in that product.

Current products 2 listed

CodeTraining productTypeFNSFMK505 is
FNS60920Advanced Diploma of ParaplanningQualificationelective
FNSSS00010Anti-money Laundering and Counter Terrorism Financing Skill SetSkill setelective

Products no longer current 15 listed

The register still records FNSFMK505 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 productTypeFNSFMK505 is
FNS40815Certificate IV in Finance and Mortgage BrokingQualificationcore
FNS41815Certificate IV in Financial ServicesQualificationelective
FNS50115Diploma of Personal Injury ManagementQualificationcore
FNS50215Diploma of AccountingQualificationelective
FNS50217Diploma of AccountingQualificationelective
FNS50315Diploma of Finance and Mortgage Broking ManagementQualificationcore
FNS50715Diploma of SuperannuationQualificationelective
FNS50815Diploma of Integrated Risk ManagementQualificationelective
FNS51615Diploma of SecuritisationQualificationcore
FNS51715Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing ManagementQualificationcore
Show the remaining 5 products no longer current
CodeTraining productTypeFNSFMK505 is
FNS51815Diploma of Financial ServicesQualificationelective
FNS60215Advanced Diploma of AccountingQualificationelective
FNS60217Advanced Diploma of AccountingQualificationelective
FNS60715Advanced Diploma of Financial Licensing ManagementQualificationcore
FNS60815Advanced Diploma of Integrated Risk 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 FNSFMK505 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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