Change report for the review of the Financial Capability New Zealand Qualifications
Reviewed qualifications
|
[Ref] |
Version |
Qualification title |
Level |
Credits |
|
2248 |
1 |
New Zealand Certificate in Personal Financial Capability (Level 2) |
2 |
60 |
|
2249 |
1 |
New Zealand Certificate in Personal Financial Capability (Level 3) |
3 |
60 |
Review information
|
Qualification Developer |
The Skills Organisation |
|
Reason for the review |
Scheduled 5 year review of qualifications |
|
Review date |
September 2019 |
|
Outcome date |
November 2019 |
|
Next review date |
30 November 2024 |
|
Summary of review and consultation process |
|
The Skills Organisation has consulted with the training provider and major stakeholders in a review of the qualifications. Feedback from the sector has been that the qualification requires only minor changes to remain current and fit for purpose. Consultation for the review was conducted by consultation meeting and email. The result of the review will be version 2 of both qualifications. |
|
Main changes resulting from the review |
|
The title of the New Zealand Certificate in Personal Financial Capability and Financial Services (Level 3) was updated to the New Zealand Certificate in Personal Financial Capability (Level 3). Conditions relating to the qualification graduate outcomes were removed from both qualifications. Minor changes were made to the qualification graduate outcomes to strengthen, without changing the intent. |
Review outcome
|
Reference |
Version |
Reviewed qualification |
Outcome category |
New qualification details/version (if applicable) |
|
2248 |
1 |
New Zealand Certificate in Personal Financial Capability (Level 2) |
B-New version of qualification |
2 |
|
2249 |
1 |
New Zealand Certificate in Personal Financial Capability (Level 3) |
B-New version of qualification |
2 |
Qualification review outcome categories
|
Outcome |
Result |
Category |
|
No changes are identified to the qualification |
Qualification version number and NZQF ID remain the same. New review date is required. |
A |
|
Minor changes are identified to the qualification |
New version of qualification is required (NZQF ID remains the same). New review date is required. |
B |
|
Significant changes are required to the qualification |
New replacement qualification is required with a new NZQF ID. The existing qualification will expire. |
C |
|
The qualification is no longer required by industry |
The qualification will expire with no replacement. |
D |
Transition information
|
Reference |
Version |
Qualification title |
Last date of entry* |
Last date of assessment |
|
2248 |
1 |
New Zealand Certificate in Personal Financial Capability (Level 2) |
N/A |
31 December 2022 |
|
2249 |
1 |
New Zealand Certificate in Personal Financial Capability and Financial Services (Level 3) |
N/A |
31 December 2022 |
*only required for outcome category C or D