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CPD Up to 60

Trustee Director Course (Level 1)

Becoming a trustee director in the superannuation industry is an honour as directors are responsible for managing the retirement outcomes of millions of Australians. However, the role also comes with unique responsibilities.

Given superannuation is a highly regulated industry,  directors must not only understand the regulations but also have the skills to operate effectively and efficiently in Members Best Financial Interest Duties.

Aimed at newly-appointed directors or those appointed as a first-time director of a superannuation fund, The Trustee Director Course (Level 1) is the foundation of AIST’s professional development training offerings for the superannuation industry.

The course provides a comprehensive introduction to trustee director duties and obligations, fund operations, the risk framework, financial statements, investment principles and best practice Board operations. It lays all the necessary groundwork to undertake and excel in a director role in the superannuation industry.

Participants will learn how to operate effectively in the board room, gaining insights and understanding of the requirements specific to superannuation boards. It is equally of value to executives and senior managers who need to understand superannuation governance issues in depth.


Who should register?

The Trustee Director Course (Level 1) is designed for those appointed as directors in the superannuation industry with less than three years’ experience in a super fund boardroom. The course is also of value to senior fund  executives who wish to broaden their governance, risk and board knowledge.

 

Accreditation

To obtain the full 60 CPD hours and the post-nominal (GAIST), assessments must be completed for all eight modules. The assessment requirements will be outlined on the first day of the course.

Additional information on CPD is available here.

 

Learning outcomes

  • Understand the risk framework including what is required to sign the annual risk declaration and input to a fund’s risk strategy
  • Sharpen your analysis of investment strategies and oversight of investment operations
  • Improve your super fund financial statement literacy
  • Be on top of the scope and depth of duties and obligations of super fund directors
  • Enhance your knowledge of fund operations that trustee directors must monitor  
  • Learn to confidently represent member's best interest

 

Trustee Director Dinner

After meeting and working with your TDC peers virtually, this networking dinner is an opportunity to catch up in-person and build relationships in an informal setting. Attendees will have the chance to meet trustee director course participants as well as senior AIST staff representatives to discuss what’s happening in the industry and share experience and knowledge.

Please note: Registration for the Trustee Director Dinner is open to participants of the corresponding Trustee Director course only. Full course participants are automatically registered as part of their enrolment.

 

Dates

Virtual Classroom & Melbourne

7 March 2023 - 10 May 2023   |   10:30am - 4:30pm

View the course schedule here. Please read our T&Cs before registering.

Enquire Now

 

 

Virtual Classroom & Melbourne

19 September 2023 - 14 November 2023   |   10:30am - 4:30pm

View the course schedule here. Please read our T&Cs before registering.

Enquire Now

 

 

Topics will include

  • Understand the history of super
  • Describe key elements of superannuation policy, tax and trust structure
  • Know the different types of funds and benefits
  • Build awareness of short and long term industry challenges
  • Outline trustee obligations under the prudential supervision model
  • Understand scope and elements of legal obligations of trustee directors
  • Build awareness of requirements to uphold reputation of the fund
  • Awareness of member communication and disclosure protocols
  • Familiarisation with the complaint handling process
  • Understand how to take actions that are aligned with member interests
  • Identify the different elements of superannuation fund operations
  • Outline key parameters within which superannuation funds operate
  • Explain key elements of the framework for how operational risks are managed
  • Understand key issues relating to the provision of financial advice and insurance
  • Describe the roles of trustee directors in risk management
  • Outline the steps involved in the risk management process
  • Understand the risk management framework and its key components
  • Understand the role of risk culture
  • Be familiar with a set of emerging industry risks
  • Be able to explain the key concepts in financial accounting
  • Be able to analyse the fund’s financial statements
  • Understand the financial framework for the operation of a fund
  • Know what is required for trustee sign off on the annual financial statements
  • Describe the characteristics of common asset classes used by superannuation funds
  • Demonstrate a working knowledge of investment principles
  • Understand portfolio implementation, monitoring and stress testing
  • Build understanding of emerging topics in investment governance
  • Demonstrate knowledge of board structures and procedures, governing documentation
  • Understand effective ways of contributing to board meetings
  • Demonstrate a sound understanding of conflicts in relation to the trustee director role
  • Understand trustee director liabilities
  • (Trustee director networking dinner on the evening of Module 7)
  • Applying knowledge of the governance framework taught in the course
  • Understanding of a set of real-life challenges/decisions facing trustee directors
  • Practice problem solving in a ‘mock board’ meeting
  • Gaining new insights from fellow trustee directors

Important notes

This course is also available to in-house groups. Please contact AIST Education to arrange a suitable time at training@aist.asn.au 

 

Need help? Contact AIST Education at training@aist.asn.au or fill out our form below.

Request Information via:

 

 

Kyle Loades

Chair, Active Super, Director, Great Southern Bank

15 May, 2020

The superannuation sector-specific policy coverage and the investment module were particularly valuable; having industry experts who discuss how things work in practice as well as covering the theory works really well.

Jessica Hall

Tax Manager, Group Tax, AustralianSuper

19 September, 2019

The practical trustee boardroom skills and superannuation knowledge is enriched with the interactive discussions and valuable insights shared by all of the facilitators and participants.

Rob Potter

Trustee Director, Care Super, and National Secretary, ASU

1 May, 2020

The use of technology was excellent, and the breakout room feature worked particularly well; the half-day modular format over 4 weeks allowed me to be available to do my critical work and complete the course.