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Title / Identify and evaluate financial services offered to stakeholders
Level / 4 / Credits / 2
Purpose / People credited with this unit standard are able to identify and evaluate financial services offered to stakeholders.
Classification / Māori Business and Management > Finance - Māori
Available grade / Achieved
Explanatory notes
1Definitions
Stakeholder refers to the person or persons who have or may have a vested interest, not necessarily financial, in the activity or outcomes of the activities.
Financial services refer to banking loans (personal, commercial, mortgage), foreign exchange, investment, insurance, market shares.
2Legislation and codes relevant to this unit standard includes: Commerce Act 1986; Companies Act 1993; Consumer Guarantees Act 1993; Credit Contracts and Consumer Finance Act 2003; Fair Trading Act 1986; Financial Advisers Act 2008; Financial Reporting Act 1993; Financial Service Providers (Registration and Dispute Resolution) Act 2008; Financial Transactions Reporting Act 1996; Income Tax Act 2007; KiwiSaver Act 2006; Privacy Act 1993; Securities Act 1978; Securities Markets Act 1988; Superannuation Schemes Act 1989; Trustee Act 1956; industry codes of practice.
3Assessment against this unit standard may take place in a work environment, in a simulated work environment, or a combination of these facilities within a financial service industry context.
Outcomes and evidence requirements
Outcome 1
Identify and evaluate financial services offered to stakeholders.
Evidence requirements
1.1Financial services offered by financial institutions are identified and evaluated in accordance with stakeholder needs.
Rangefinancial institutions may include but are not limited to – banks, building societies, credit unions, finance companies, unit trusts, insurance companies, Government funding and assistance, finance brokers, Iwi Asset Holding Companies, Crown Forestry Rental Trust, off-shore partnerships;
evidence of two financial services from each of four financial institutions is required.
Replacement information / This unit standard replaced unit standard 2604.Replacement information / This unit standard replaced unit standard nnnnn. [Only appears if populated.]
This unit standard is expiring. Assessment against the standard must take place by the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process / Version / Date / Last Date for AssessmentRegistration / 1 / 9 December 2010 / 31 December 2017
Rollover and Revision / 2 / 20 August 2015 / 31 December 2019
Review / 3 / 20 April 2017 / 31 December 2019
Consent and Moderation Requirements (CMR) reference / 0113
This CMR can be accessed at
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the Consent and Moderation Requirements (CMR). The CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact NZQA Māori Qualifications Services if you wish to suggest changes to the content of this unit standard.
NZQA Māori Qualifications ServicesSSB Code 194 / New Zealand Qualifications Authority 2018 / / New Zealand Qualifications Aut