State/Territory Eligibility Summary Table

State/Territory Eligibility Details

DAMA - Designated Area Migration Agreement

222111: Commodities Trader

Description

Operates as an independent agent to bring together buyers and sellers of commodities, negotiates private sales and arranges sales through established market places.

Skill Level 2

Occupations at Skill Level 2 have a level of skill commensurate with one of the following:

- NZ Register Diploma or
- AQF Associate Degree, Advanced Diploma or Diploma.

At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

• Assessing Authority

  VETASSESS: Vocational Education and Training Assessment Services
  	http://www.vetassess.com.au/
  	[email protected]

Alternative Titles

• Commodities Broker

Alternative titles are any commonly used alternative title (or titles) for the occupation. These alternative titles have the same meaning as the principal title but may be less commonly used.

Specialisations

• Energy Trader
• Grain Buyer
• Livestock Trader
• Media Buyer
• Wool Broker

Specialisation titles are any commonly used titles which refer to a subset of jobs belonging to the occupation designated in the principal title. These jobs involve the performance of specialised tasks rather than the broader range of tasks usually performed in the occupation.

Unit Group 2221: Financial Brokers

Description

Operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

Indicative Skill Level

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

- In Australia:

AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)

- In New Zealand:

NZ Register Diploma (ANZSCO Skill Level 2)

At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

Registration or licensing may be required.

Tasks

• Monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
• Negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
• Determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients' requirements
• Analysing clients' financial status, discussing financial options and developing financial strategies
• Recommending loan combinations that meet clients' needs
• Interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
• Arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
• Preparing documents which set out the conditions of finance, repayments and loan periods
• Identifying and advising on significant risk changes to clients' insurance
• Broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers

Other occupations in this Unit Group

• 222112: Finance Broker  
• 222113: Insurance Broker  
• 222199: Financial Brokers nec  

• Occupation ceilings program year 2019-2020
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• Average Weekly / Annual Earnings 2018
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