Extended transition period for qualifications in FNS Financial Services Training Package

28 September 2022

In some cases, ASQA is empowered to approve transition periods longer than those detailed in Clauses 1.26 (a), (b) and (c) of the Standards for Registered Training Organisations 2015.

In accordance with the General Direction – Learner transition, ASQA will only consider applications for a longer transition period where it can be demonstrated that there would be genuine disadvantage to a cohort of learners if such an extension was not approved.

Where ASQA has approved an extended transition period, that arrangement applies to all ASQA registered RTOs delivering the specific training product to the identified learner cohort (e.g., plumbing apprentices in a specific jurisdiction where the qualification has been superseded), regardless of who made the application.

ASQA has recently approved an extended transition period for qualifications in the FNS Financial Services Training Package. The extended training, assessment, and certification issuance period for these qualifications listed below ends on 31 January 2024: - 

  • FNS30120 Certificate III in Financial Services Background
  • FNS30317 Certificate III in Accounts Administration
  • FNS40217 Certificate IV in Accounting and Bookkeeping

It was demonstrated to ASQA that learners would be genuinely disadvantage if they were required to transition to the replacement qualification as the significance of changes would not provide the expected outcomes for existing learners.

ASQA consulted Victorian Registration and Qualification Authority (VRQA) and Training Accreditation Council Western Australia (TAC WA) for this extended transition request.

The decision was made with support from PwC Skills for Australia in their role as the Skills Service Organisation; NSW Association of Independent Schools, Catholic Schools NSW, NSW Department of Education, Industry Training Advisory Body - Arts, Communications, Finance Industries and Property Services (ACFIPS); Victorian TAFE Accounting Network (VTAN) and feedback received from ASQA registered RTOs currently delivering these training products. 

The qualifications in the FNS Financial Services Training Package listed above will remain on ASQA registered RTOs scope of registration until the end of the extended transition period unless the RTO chooses to withdraw it from scope prior.

Was this page helpful?