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2 Copyright information Disclaimer Not legal or financial advice The information and materials in this resource have been provided by ASIC to assist your financial literacy training. It is not and should not be regarded as legal or financial advice. You should seek your own professional advice where appropriate. Whilst every effort is made to ensure the accuracy of the information and materials in this resource, ASIC does not warrant the accuracy, completeness and currency of all the information provided. Some material may include or summarise views, standards or recommendations of third parties. ASIC does not endorse such material and its inclusion does not indicate that ASIC recommends any course of action. Third parties ASIC provides the resources to third party organisations for their broader distribution. ASIC does not promote, endorse or otherwise conduct a business relationship or partnership with any of the third party organisations that distribute our resources. Copyright This work is based on materials that constitute copyright of the Australian Securities and Investments Commission and is licensed under a Creative Commons Attribution Non-Commercial Share Alike 2.5 Australia Licence. Under this licence, the material is available for free use and adaption so that teachers use, adapt and re-publish material from the resource without seeking the permission of ASIC. If you use materials licensed under Creative Commons, you are also required to retain any symbols and notices that are included in the materials. Where there are no notices or symbols present you must attribute the work and include a link to the Australian Securities and Investment Commission s disclaimer for the materials using the notice set out in the table below. Read more about Creative Commons (creativecommons.org.au). ASIC requests that if you re-publish this work that you notify ASIC by at: moneysmartteaching@asic.gov.au. We are interested in hearing how people are using and adapting the materials. Sample notice: Based on: Australian Securities and Investments Commission Originally published by the Australian Securities and Investments Commission and freely available at: moneysmart.gov.au. This work is licensed under a Creative Commons Attribution Non-Commercial Share Alike 2.5 Australia Licence (see: creativecommons.org/licenses/by-nc-sa/2.5/au/legalcode). A Legal Notice applies to the use of these materials, see: Legal Notice: moneysmart.gov.au/copyright Trademarks and logos All intellectual property rights in trademarks and logos such as ASIC's MoneySmart Teaching logo and ASIC crest are reserved by the Australian Securities and Investments Commission. Printed April

3 Table of contents About ASIC s Be MoneySmart... 4 Overview... 4 Purpose of the workbook... 4 Audience... 4 Unit of competency supported... 4 Assessment... 5 Recognition of prior learning (RPL)... 5 Student resources required for this module... 5 Module 1: Saving, budgeting and spending... 6 Assessment activity 1: What is your financial personality?... 6 Assessment activity 2: What are your strengths and weaknesses?... 9 Assessment activity 3: What are your goals? Assessment activity 4a: What is your budget? Assessment activity 4b: Review your goals and budget Assessment activity 5: How will you save your money? Assessment activity 6: How will you invest your money? Assessment activities summary Trainer/assessor templates Competency record Assessment record sheet Supervisor/third party declaration

4 About ASIC s Be MoneySmart Overview ASIC s Be MoneySmart resource has five modules to help people develop the skills, knowledge and behaviours required to effectively manage their own personal finances. Module 1 Saving, budgeting and spending Module 2 Personal tax Module 3 Superannuation Module 4 Debt management Module 5 Insurance Each module comprises an online resource featuring the real-life stories of people who are working through the challenges of managing their finances. A Trainer/Assessor Guide and Student Workbooks support the modules. You should refer to the copies of ASIC s Be MoneySmart online modules provided by your training organisation, or alternatively they can be found on ASIC's MoneySmart website at moneysmart.gov.au/teaching. Purpose of the workbook This workbook is designed to be used in conjunction with ASIC s Be MoneySmart online modules. A teacher, trainer or workplace assessor can assess the completed activities. Audience These materials are designed for use by registered training organisations (RTOs) for vocational education and training (VET) delivery and assessment. They may be used as part of an Australian Apprenticeship, pre-apprenticeship or a pre-vocational program. However, they may also be used in workplaces, schools, adult and community learning organisations or even as an adjunct to the services provided by counselling and advisory organisations. Unit of competency supported These materials support the Be MoneySmart (FNSFLT301) unit of competency from the Financial Services Training Package (FNS). This unit describes the performance outcomes, skills and knowledge required to develop, maintain and enhance understanding of personal finance matters, including taxation, superannuation and insurance. The Be MoneySmart unit is an elective unit within the Certificate III in Financial Services Training Package and can be imported for use in other training qualifications. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication. 4

5 Assessment The assessment activities in this workbook relate to competency standards and are aligned with the Financial Services Training Package (FNS) according to information provided by the official National Register of Information on Training Packages, training.gov.au (TGA). This workbook provides activities and advice to enable the student to supply the trainer/assessor with the evidence required to demonstrate competency in Be MoneySmart (FNSFLT301), including the ability to: demonstrate knowledge of personal financial matters set personal financial goals and access opportunities for mentoring or advice on them access information to build on and maintain knowledge of factors affecting personal finances. Once the student has completed the module and this workbook, they will need to arrange to complete the oral assessment questions. Templates for the trainer/assessor and the student to sign are at the end of this workbook. Recognition of prior learning (RPL) Students can use the assessment activities in this workbook to identify their current competency and as evidence to support formal recognition of prior learning (RPL). Students might already have some or all of the skills required for this unit. If students believe they can demonstrate these skills, they should speak with their trainer/assessor about applying for skills recognition. Student resources required for this module Student Workbook Computer and link to online module ASIC s MoneySmart Budget planner: moneysmart.gov.au/tools-and-resources/calculatorsand-tools/budget-planner ASIC s MoneySmart Savings goals calculator: moneysmart.gov.au/tools-andresources/calculators-and-tools/savings-goals-calculator ASIC s MoneySmart TrackMySPEND app (optional): moneysmart.gov.au/tools-andresources/calculators-and-tools/mobile-apps/trackmyspend ASIC s MoneySmart TrackMyGOALS app (optional): moneysmart.gov.au/tools-andresources/calculators-and-tools/mobile-apps/trackmygoals Calculator Copies of income and expenditure such as a pay slip, bills, loan repayment amounts, TAFE fees and bank records. 5

6 Module 1: Saving, budgeting and spending Time: 1 hour online and 2 hours Student Workbook Watch the videos at screens 2 and 3. Assessment activity 1: What is your financial personality? How you feel about risk will play a big part in how you save, how you invest and generally how you manage money. We call this your financial personality. Understanding your financial personality will help you make better saving and spending decisions. Find out what your strengths and weaknesses are when dealing with money by completing the Financial personality quiz below. Circle the answer to each question that most closely reflects your own attitudes and experiences with money. Financial personality quiz Questions 1. If I received an unexpected $5000 windfall, I would: 2. When I get my credit card statement, I normally repay: Answers a. Spend the money on a shopping spree or a holiday. b. Pay off some debts and put the rest towards a new car. c. Put it in a high-interest account while I research ways of spending or investing it. a. Only the minimum and then I re-spend that amount. b. As much of the outstanding amount as possible. c. The entire balance. 3. I am: a. Carefree with money I enjoy today and let tomorrow look after itself. b. Likely to overspend every now and then. c. Always in control of my finances. 4. When an unexpected bill arrives in the post, I: a. Shove it in a drawer with all the others. b. Add it to my to-do list. c. Check that it s correct and pay it immediately. 5. Savings are: a. What savings? I spend every dollar that comes in. b. There to pay for important things, such as a deposit for a car, holiday or home of my own. d. Part of my monthly budget plan. 6. My monthly budget is: a. Budget I never have enough money to go round! b. Usually OK but I sometimes overspend. c. Very occasionally a struggle but I generally stick to it. 6

7 Questions Answers 7. I get worried when: a. I can t buy what I want as soon as I see it. b. I can t afford to treat my friends and family. c. I can t identify all the transactions on my bank statement. 8. When I need to borrow or need extra money, I: a. Take the first loan I m offered I never shop around. b. Look at a couple of options and choose one that feels like the best deal. c. Shop around for the best deals on credit cards and loans I always read the small print on my credit contract. 9. I prefer to: a. Put everything on a credit card and think about it later. b. Keep credit for major buys and use my debit card for everyday spending. c. Use my debit card as much as possible, so I stay within my budget. 10. I m most likely to blow the budget: a. In a designer clothes shop or on sports or hobby equipment. b. On a holiday with family or friends. I want everyone to enjoy themselves. c. Overspend? Not if I can help it. 11. At any given time, I: a. Don t know how much I owe and don t want to think about it. b. Can tell roughly what my debts amount to. c. Know exactly what s outstanding and when it has to be paid. 12. The day before payday: a. My bank account is empty and I m borrowing money from friends and family to get by. b. I m down to my last few dollars but have met all my expenses. c. I still have money in the bank. 7

8 Answer guide I answered mostly a I answered mostly b I answered mostly c Financial personality Money Maestro Money is for enjoying, as far as you re concerned. Just like Kaz, you may consider luxuries such as new computers, cars or designer clothes as modern essentials, which can make it hard to cut back. You will have a great time, though until your overspending catches up with you. You need to remember that credit isn t free cash and that all your bills ultimately have to be paid. You might want to avoid temptation, by saving a small but regular amount to pay off your debts and learning to say no. Visual Stylist Money is for sharing with others and for living a comfortable life. Just like Will, you re quite well organised financially but are likely to overspend when you re stressed or unhappy and you can excuse your extravagance if it s designed to make other people happy. You might want to start saving little and often so you can afford to indulge those you love, drawing up a budget that prioritises essentials over treats and learn to say no more often. Authentic Dreamer Money is for security saving and investment. Just like Sam, you re more than capable of sticking to a sensible budget, making repayments on time and saving for the future. Consider learning about different types of investments so you can make sensible decisions with your savings. Seek advice from a qualified financial advisor if you need it. 8

9 Assessment activity 2: What are your strengths and weaknesses? Watch the videos at screens 2 and 3 again. Using the information you have learnt about yourself from the Financial personality quiz, make a list in the table below of what you think your strengths and weaknesses are in relation to savings, budgeting and spending. When you have completed this table, think about how you might overcome any of the weaknesses identified. For example, Kaz stuck Bali pictures up all over her house to help her stay focused on saving by visualising her goal for a holiday with friends. It is important to manage your money to ensure you have all the things you need to do your job properly. We all have different values, needs and goals, which is why each of us has to come up with our own plan. Strengths Example: I am good at saving money. Weaknesses Example: I spend too much money on things that are not essential. 9

10 Assessment activity 3: What are your goals? Watch the videos at screens 4. Now that you know your financial personality and have identified your strengths and weaknesses in relation to money, it s time to set some goals! What do you want from life? Your goals may change at different stages or events in your life. Perhaps you have a short-term goal you want to achieve in the next year or two, and a long-term goal that could take you seven or more years to reach. For example, Will s short-term goal is to travel around Europe with friends at the end of the year. Some of Sam s long-term goals include taking his family overseas, and running his own business. You may or may not have goals, or maybe haven t even thought about setting some for yourself. Let s go through the process of goal setting now so you know how to do it in the future. Using the SMART goal-setting process outlined in the online module, write down a short-, medium- and long-term goal in the tables below to work out what is realistic and affordable. List at least one in each category. SMART goal-setting guide Specific What exactly are you trying to achieve? Measure What does it cost? Achieve Can you achieve this goal? Are you earning an income? Realistic Be honest with yourself. Is it realistic? Time What is the timeframe? Tip: Can t think of any goals? If you can t think of any goals for yourself then use Sam s or Kaz s goals. Sam Short-term: saving for Christmas presents Medium-term: saving a deposit to buy his own home Long-term: retire comfortably at the beach Kaz Short-term: saving for a trip to Bali Medium-term: buying a small new car Long-term: saving a deposit for a home If you have more than one short-, medium- or long-term goal, you might like to re-create the SMART goal-setting process for your remaining goals on a separate piece of paper. 10

11 My goals Short-term goal What is your short-term goal? Example I want a new TV. What does it cost? Example I need to save $1600. Do you have the means to achieve this goal? Example I m earning so I can save if I work out a budget. Is this goal realistic? Example I can save $30 a week if I cut back on other expenses. What is your timeframe to achieve this goal? Example 12 months Medium-term goal What is your medium-term goal? What does it cost? Do you have the means to achieve this goal? 11

12 Medium-term goal Is this goal realistic? What is your timeframe to achieve this goal? Long-term goal What is your long-term goal? What does it cost? Do you have the means to achieve this goal? Is this goal realistic? What is your timeframe to achieve this goal? 12

13 Assessment activity 4a: What is your budget? Watch the videos at screens 5 to 7. Now that you know your financial personality and have worked out your goals, it s time to work out what your budget looks like! Using ASIC's MoneySmart Budget planner, create a personal budget that s tailored to you, is realistic, and that you can alter as your circumstances change. If you are not comfortable using your own personal financial data, you can change the figures. However, make them realistic so you can get a sense of what budgeting requires. Remember when budgeting, think about what you need (a roof over your head, food and water, health care and hygiene, some clothes) versus what you want (a big house, brand-name clothes, fancy food and drink, a new car). Go to moneysmart.gov.au/tools-and-resources/calculators-and-tools/budget-planner and complete ASIC's MoneySmart Budget planner. As an alternative, you can arrange to access and download the Excel version at the same website location. Tip: Review your budget Creating a budget is not a one-off event review it regularly, especially if your circumstances change (increased rent, pay rise, etc.). You will need to calculate your income and financial commitments using the same timeframe. It may be easier to use your pay cycle to budget. If you get paid fortnightly, work out your financial commitments, such as bills, by working out how much you need to put aside fortnightly. Use ASIC's MoneySmart TrackMySPEND app If you find it hard to work out your daily or incidental expenses, go to the App Store or Google Play and download ASIC's MoneySmart TrackMySPEND app (smart phone required) to track your spending over a week. 13

14 Assessment activity 4b: Review your goals and budget Watch the videos at screens 5 to 7 again. Now that you have completed a budget and have a more accurate idea of your income, expenses and how much you can save, review the goals that you set in Assessment activity 3. Do you need to review your budget to achieve your goals? Or do you need to adjust your goals to make them realistic? Go back through your budget and goals if needed. For example, after completing her budget, Kaz realised that she was left with a yearly shortfall of $2376. This meant that in order to achieve her short-term goal of travelling to Bali with her friends, she would have to cut her spending on clothes to $100 a fortnight. This adjustment to Kaz s budget meant that she would now be left with a surplus of $224 instead. If you are like Kaz and love to shop, before blowing your budget, ask yourself the following questions: Do I really need it? Will I really use it? What would happen if I did not have it? Will I still like it next month/year? If I don t buy it now, do I want it enough to make a special trip later to get it? Tip: Review your goals with ASIC's MoneySmart TrackMyGOALS app To help achieve your goals ASIC's MoneySmart TrackMyGOALS app allows you to set, track and manage multiple savings goals and visualise your actual progress towards them. Go to the App Store and download ASIC's MoneySmart TrackMyGOALS app (smart phone required). Enter your goals and the date you d like to achieve them by. Find out how much you ll need to put aside with each pay to get there, then watch your savings grow and your goals become reality. 14

15 Assessment activity 5: How will you save your money? Watch the videos at screen 8. Now that you know your short-, medium- and long-term goals, and you have worked out a budget, the next step is to figure out a savings or investment plan to achieve them. Using the table below, identify some ways in which you could save money to reach your goals. In doing this it may be helpful to reflect on your strengths and weaknesses in relation to money. You could also use ASIC s MoneySmart Savings goals calculator. Go to moneysmart.gov.au/toolsand-resources/calculators-and-tools/savings-goals-calculator. ASIC's MoneySmart Savings goals calculator will help you work out how long it will take to reach your savings goals and the steps to take to put your plan into action. One way to save How much will this save per week? How much will this save per month? How much will this save per year? Example Take my lunch to work $50 $215 $2600 Tip: Online banking Online banking is the best and easiest way to manage your day-to-day spending, as well as your savings. When using online banking, make sure you implement safe e-security practices such as keeping your account PIN and passwords private. Revisit your budget Now that you have identified ways to save money, you can use your budget as a tool to trim low-priority expenses to create an even bigger surplus. 15

16 Assessment activity 6: How will you invest your money? Watch the videos at screen 8 again. As well as saving money to achieve your goals, it might be appropriate to invest your money in order to achieve your medium- and/or long-term goals. Investing money means that your objective is to make your money grow without taking unnecessary risks. Having identified some of your medium- and long-term goals, make a list of some of the ways you could invest any budget surplus. There are plenty of steps that you can take to grow your money and keep it safe. Go to ASIC s MoneySmart website at moneysmart.gov.au/investing for some helpful tips on investing before you make your list. Notes 16

17 Assessment activities summary Trainers or assessors should use this template to record details of any issues/feedback they wish to provide to the student in relation to their responses to the assessment activities. Alternatively they can record feedback next to the appropriate activity in the body of the Student Workbook. I declare that completion of the assessment activities in this Student Workbook is my own work.* * Students need to arrange for this Student Workbook to be submitted to their trainer/assessor for signing Student name Student signature Date Trainer/assessor name Trainer/assessor signature Date Comments 17

18 Trainer/assessor templates Competency record After assessment the competency record should be completed and signed by the student, trainer/assessor and the supervisor. If competency is not achieved at the first attempt, strategies to address gaps in performance need to be identified and a time for reassessment arranged. Assessment record sheet FNSFLT301 Be MoneySmart Element Performance criteria Evidence provided/ observed/context Initial and date 1. Demonstrate an understanding of personal financial matters 2. Manage personal finances 1.1 Determine how career choice, education and skills affect income and goal attainment 1.2 Identify short- and long-term financial goals 1.3 Identify tax matters relating to personal income 1.4 Evaluate impact of consumer and financial behaviour on personal spending 1.5 Evaluate how insurance and other risk-management strategies protect against financial loss 1.6 Identify the components of superannuation relevant to individual income earners 2.1 Compare the benefits and costs of alternatives in spending decisions 2.2 Identify the purpose of planning personal finances Module 1: A3, Q2 Module 1: A3, Q2, Q6 Module 2: A1a, A1b, A2a, A2b, A3, Q1, Q2, Q3, Q4, Q5, Q6, Q7 Module 1: A1, A2, Q5 Module 4: A2b Module 5: A1a, A1b, A2a, A2b, A2c, A3, Q1, Q2, Q3, Q4, Q5, Q6 Module 3: A1, A2, A3a, A3b, A4a, A4b, A4c, A5, Q1, Q2, Q3, Q4, Q5, Q6 Module 4: A1, A2a, A4, Q3, Q4 Module 1: A4a, A5, Q3, Q4 18

19 Element Performance criteria Evidence provided/ observed/context Initial and date 3. Build knowledge of personal financial matters 2.3 Make personal financial choices based on logical decision-making 2.4 Evaluate the consequences of personal financial decisions, including contracts 2.5 Develop methods and systems (including electronic) to stay in control of personal cash flow, spending and use of debt 3.1 Explore and evaluate factors that affect personal credit worthiness 3.2 Seek advice from a specialist or mentor where required 3.3 Develop systems for maintaining up-to-date knowledge about personal finances and career opportunities to achieve goals 3.4 Identify reliable sources of ongoing information relevant to personal career and financial goals Module 1: A4a, A5, A6, Q4 Module 3: Q2 Module 4: A2a, A2b, A4, A5 Module 4: A2a, A4, Q2, Q4 Module 1: A4a, A5, Q1 Module 2: A1a Module 4: A5, Q5 Module 4: A2b, A3a, Q1 Module 1: A1, Q5 Module 2: A1b, A2b, A3 Module 1: Q5 Module 3: Q5 Module 1: Q5 Module 4: A5 Critical aspects for assessment Evidence of the ability to demonstrate knowledge of personal financial matters Evidence provided/ observed/context Module 1: A1, A2, A4a, A4b Module 2: A2a, A2b Module 3: A3a, A4 Module 4: A4, A5, OA Module 5: A1a, A1b, A3 Initial and date 19

20 Critical aspects for assessment Evidence of the ability to set personal financial goals and access opportunities for mentoring or advice on them Evidence of the ability to access information to build on and maintain knowledge of factors affecting personal finances Evidence provided/ observed/context Module 1: A3, Q2, Q6 Module 3: A1 Module 1: A4a, A5, A6, Q5 Module 2: A3, A4 Module 3: A2, A3a, A3b, A4a, A4b, A5, Q5 Module 4: A1, A2a, A2b, A3a, A3b, A5 Module 5: A1a, A2a, A2b, A2c, A3 Initial and date Required skills Numeracy and technology skills to: Calculate interest and loan repayments and surplus or deficit funds Use a calculator, budget and loan calculator tools Use internet information Implement safe e-security practices for online banking and transactions Self-management skills to: Manage cash flow to pay bills on time Develop and use a budget to control income and expenses Evidence provided/ observed/context Module 4: A1, A2b, A3a Module 1: A4a, A5 Module 2: A2b, Q6, Q7 Module 3: A3a, A3b, Q6 Module 4: A1, A2a, A2b, A3a Module 5: A2a, A2b Module 1: A4a, A5, A6 Module 2: A3, A4 Module 3: A2, A3a, A3b, A4a, A4b, A5, Q5 Module 4: A1, A2a, A2b, A3a, A3b, A5 Module 5: A1a, A2a, A2b, A2c, A3 Module 1: A5 Module 1: A2, A4a, A4b Module 1: A4a Initial and date 20

21 Required skills Create a savings and spending plan to achieve financial goals Learning skills to maintain knowledge of budgeting and saving techniques Evidence provided/ observed/context Module 1: A4a, A5, A6 Module 4: A2b Module 1: A4a, A5, A6 Module 4: A2b Initial and date Required knowledge Debt management: Responsible use of credit Advantages of debit cards Consequences of debt default Attitude towards credit and spending Options for debt repayment: VET Fee-Help Personal loans and payment plans Employee entitlements under: Fair Work Act Equal opportunity legislation Superannuation Act Income Tax Assessment Act Taxation Administration Act Credit history and saving: Evidence provided/ observed/context Module 4: A2a, A3a, Q3 Module 1: Q1 Module 4: A2a, A2b, Q5 Module 4: A3a, A5, Q4 Module 1: A1 Module 4: A4 Module 4: A2a Module 4: A1, A2a, A3a, A4, Q3 Module 3: A3 Module 3: A3 Module 3: A3 Module 2: A3 Module 2: A3 Initial and date How to establish and maintain a good credit history Module 4: A3a, A4, A5, OA, Q1 Importance of saving money as a concept to assist and improve life situation Module 1: A5 Module 4: A2b, A4 Insurance matters: Value of insurance Module 5: A1a, A1b, A2a, A2b, A2c, A3, Q5, 21

22 Required knowledge Disclosure obligations Suitable insurance covers: Personal income Trade tools, including mobile phone House Car Health Personal implications of taxation matters: Role of the Australian Taxation Office and why we pay tax on income Evidence provided/ observed/context Q6 Module 5: A2c, A3 Module 3: A2, A4c Module 5: A3 Module 5: A3, Q6 Module 5: A2a, A2b, A2c Module 5: A1a, A1b, Q5 Module 5: A3, Q4 Module 2: A2a, A3 Initial and date Personal tax liabilities and allowable deductions Module 2: A2a, A2b, A4, Q1, Q2, Q3, Q4 Tax rates Lodgement dates Awareness of goods and services tax (GST), pay as you go (PAYG), Australian business number (ABN), tax file number (TFN) and business activity statements (BAS) Module 2: A2a, Q3 Module 2: A3, Q5 Module 2: A4 Principles of budgeting, cash flow and saving, including: Role of credit and savings in establishing personal wealth Understanding of financial institutions and their savings, investment and credit products Module 1: A4a Module 4: A2b, Q2, Q3, Q4, Q5 Module 1: A5, A6 Module 4: A2a, A2b, A3b, A4 Personal financial aspects of: Bank accounts: Savings Module 1: A5 Module 4: A2b Credit Module 4: A2b, A3b, Q2, Q3, Q4, Q5 22

23 Required knowledge Investment Insurance: Health Car Phone Warranty Tools Household Income protection Superannuation: Types of funds retail versus industry Fund options death or total and permanent disability (TPD) insurance Contracts: Phones Data Tenancy Finance Superannuation matters: Planning for the future Power of compound interest Superannuation guarantee Co-contributions Evidence provided/ observed/context Module 1: A6 Module 5: A3, Q4 Module 5: A1a, A1b, Q5 Module 5: A3, Q6 Module 5: A3 Module 5: A3 Module 5: A2a, A2b, A2c, Q3 Module 3: A2, A4c Module 5: A3 Module 3: A2 Module 3: A1, A2 Module 4: Q1 Module 4: A5 Module 4: A5 Module 4: Q2 Module 3: A1 Module 3: A3a, Q4 Module 4: A2b Module 3: A3a, Q1, Q6 Module 3: A3a, A3b Initial and date Personal contributions Module 3: A3a, A3b, Q2, Q3 Fees and charges Value of consolidating super funds Module 3: A1 Module 3: A5 23

24 Required knowledge Locating lost super Evidence provided/ observed/context Module 3: A4a, A4b, Q5 Initial and date 24

25 Supervisor/third party declaration I confirm that I have observed the student perform the tasks associated with the elements, performance criteria, critical aspects for assessment and required skills and knowledge for this unit efficiently and consistently over the allocated timeframe Supervisor/third party name Supervisor/third party signature Date Assessor declaration I confirm that I have observed the student demonstrate the skills associated with the elements, performance criteria, critical aspects for assessment and required skills and knowledge for this unit competently Assessor name Assessor signature Date Student*... Student name * Students need to arrange for this Student Workbook to be submitted to their trainer/assessor for signing. ASIC s MoneySmart Teaching initiative builds the consumer and financial literacy capabilities of young Australians by developing knowledge, skills, values and behaviours to enable them to make confident, informed consumer choices and responsible financial decisions that are essential to their future financial wellbeing. To access more ASIC's MoneySmart Teaching packages, resources, calculators, apps and consumer information visit moneysmart.gov.au. 25