CHC51122 - Diploma of Financial Counselling

Qualification Description
​This qualification reflects the role of financial counsellors working in the following two contexts.
  • Generalist financial counsellors who work in a variety of agencies that meet the requirements for the Australian Securities and Investments Commission (ASIC) exemption from a financial services or credit licence under ASIC class order 10/1063. Financial counsellors work across a variety of metropolitan, rural and remote settings.
  • Rural financial counsellors who undertake specialised financial counselling work that assists primary producers and rural small business owners in debt, and are employed in agencies funded for this purpose. These agencies meet the requirements for the ASIC exemption from a financial services/credit licence by meeting the conditions of ASIC class order 11/926.
All financial counsellors have specialist knowledge of legal remedies and options to manage debt and financial difficulty and are advocates who work in a model of social justice and client empowerment.

This qualification is NOT related to the work performed by financial planners or financial advisers whose role is to provide clients with strategies to address their investment options and require a financial services licence for their work under the National Consumer Credit Protection Act 2010. This qualification is also not appropriate for financial capability workers.
This qualification does ​NOT refer to therapeutic counselling. Psychological issues, which affect individuals, families and groups such as gambling, substance abuse, child abuse and mental or physical health problems require referral to a professionally qualified practitioner However, a recognition of, and an ability to work within, a counselling framework and the way in which other issues may interact with financial issues is highly relevant to financial counselling practice.
To achieve this qualification, the candidate must have completed 220 hours of work as detailed in the Assessment Requirements of units of competency.
Packaging Rules
​Total number of units = 17
• 14 core units
• 3 elective units, consisting of:
◦ up to 3 units from the electives listed below, any endorsed Training Package or accredited course – these units must be relevant to the work outcome

Any combination of electives that meets the rules above can be selected for the award of the Diploma of Financial Counselling. Where appropriate, electives may be packaged to provide a qualification with a specialisation.

Packaging for specialisation: 
At least 3 units from Group A must be selected for the award of Diploma of Financial Counselling (Rural), including CHCFIN004 Provide rural financial counselling services
All electives chosen must contribute to a valid, industry-supported vocational outcome.

Core units 

CHCADV001 - Facilitate the interests and rights of clients
CHCADV005 - Provide systems advocacy services
CHCCCS019 - Recognise and respond to crisis situations
CHCCDE002 - Develop and implement community programs
CHCCSL001 - Establish and confirm the counselling relationship
CHCCSL002 - Apply specialist interpersonal and counselling interview skills
CHCCSL003 - Facilitate the counselling relationship and process
CHCCSL007 - Support counselling clients in decision-making processes
CHCDIV001 - Work with diverse people
CHCFIN001 - Facilitate the financial counselling process
CHCFIN002 - Identify and apply technical information to assist clients with financial issues
CHCFIN003 - Develop and use financial counselling tools and techniques
CHCLEG002 - Interpret and use legal information
CHCPRP003 - Reflect on and improve own professional practice
Elective units 
Group A electives – RURAL FINANCIAL COUNSELLING specialisation 
CHCFIN004 - Provide rural financial counselling services
AHCAGB501A - Develop climate risk management strategies
AHCAGB503A - Plan and monitor production processes
AHCBUS506A - Develop and review a business plan
AHCBUS508A - Prepare and monitor budgets and financial reports
Other electives 
CHCCCS003 - Increase the safety of individuals at risk of suicide
CHCCCS004 - Assess co-existing needs
CHCCOM002 - Use communication to build relationships
CHCCOM003 - Develop workplace communication strategies
CHCCSM004 - Coordinate complex case requirements
CHCCSM005 - Develop, facilitate and review all aspects of case management
CHCDIV002 - Promote Aboriginal and/or Torres Strait Islander cultural safety
CHCMHS005 - Provide services to people with co-existing mental health and alcohol and other drugs issues
CHCSET001 - Work with forced migrants
CHCSET002 - Undertake bicultural work with forced migrants in Australia
CHCSOH001 - Work with people experiencing or at risk of homelessness
CHCSOH010 - Work with clients within the social housing system
HLTWHS003 - Maintain work health and safety
Why invest with us?
We have been providing quality training materials for the VET Sector for over fifteen years. All of our materials come to you in an electronic format by CD ROM/USB and it includes the candidates learning guide, assessment tool, trainers marking guide, Competency Mapping Tool, PowerPoint's, and any relevant readings.
Our format enables you to contextualise the material for your Organisations logo (the licence you receive enables this). The resources we know are flexible enough for any group of Students.
Also as the versions change as they invariably do, you will receive the updates at no extra cost to your Organisation.
The investment for these resources is based on the following factors;
1. The resources are able to be contextualised and replicated as you see fit. In other words the licence allows you to reprint and badge and remove and add materials to your specifications – if you feel it is necessary.
2. The annual licencing fee for online and printing is $100 per course. This will be automatically invoiced on the anniversary of the purchase. This covers the term of the certificate – that is until the next package is released – at this rate about 6 – 7 years.
3. Any additions that we do will be sent to you automatically as they are developed.
4. You will receive all the compulsory units as well all the electives required for the course.
5. These resources offer the breadth, depth and complexity of knowledge and competencies covering selecting, adapting and transferring skills and knowledge to new environments. Our resources provide you with the technical advice and early leadership skills for problem resolution. Such skills can be applied across a broad range of roles, and in a variety of contexts.
Copyright 2024 - Real Learning Solutions Pty Ltd