- AURC341903A - Apply relevant finance, leasing and insurance contracts/policies
Assessor Resource
AURC341903A
Apply relevant finance, leasing and insurance contracts/policies
Assessment tool
Version 1.0
Issue Date: April 2024
This unit of competency applies to the following and should be contextualised to the qualification to which it is being applied:
retail, service and repair administration/sales vehicle sales - finance.
This unit of competency covers the competence required to determine the finance/leasing and insurance requirements of customers and complete documentation, taking into account legal requirements.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Employability Skills
This unit contains employability skills.
Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | It is essential that competence is fully observed and there is ability to transfer competence to changing circumstances and to respond to unusual situations in the critical aspects of: correctly identifies and satisfies customer finance/ leasing and insurance requirements and completing documentation interpreting and conveying workplace information maintenance of workplace documents. |
Context of and specific resources for assessment | The underpinning knowledge and skills may be assessed on or off the job. The assessment of practical skills must take place only after a period of supervised practice and repetitive experience. If workplace conditions are not available assessment, in simulated workplace conditions is acceptable. The prescribed outcome must be achieved without direct supervision. The following should be made available: a workplace or simulated workplace finance and leasing agreements insurance policies documents and stationery computer, calculator and general office equipment a qualified workplace assessor. |
Method of assessment | Practical assessments: maintain industry documents convey information both orally and in writing access, interpret and apply finance/lease agreements access, interpret and apply insurance policies complete finance/leasing and insurance documentation. |
Guidance information for assessment | |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Required skills |
collect, organise and understand information related to information from different insurance providers is collated communicate ideas and information presented to the customer plan and organise activities to obtain information for customers work with others and in a team by consulting experienced/ specialised staff use mathematical ideas and techniques to ensure variations in cover and cost are presented to the customer establish diagnostic processes for recommendations made on information supplied by the customer use workplace technology related to business technology to document insurance and finance information |
Required knowledge |
Knowledge of: industry documents and how to maintain them various types of finance/lease agreements written communication oral communication skills various types of insurance policies legal requirements |
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. | |
Methods | Methods include: determining customer leasing/finance and/or insurance requirements and undertaking documentation procedures written, oral, fax or email |
Information/documents | Information/documents may include: enterprise operating procedures product manufacturer/component supplier specifications customer requirements industry/workplace codes of practice |
Occupational health and safety (OHS) practices | OHS practices must abode by: state/territory OHS legislation award provisions |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
|---|---|---|---|
| Finance/leasing option is identified to meet specific needs of customer, including affordability and payment structure | |||
| A finance/leasing provider is identified | |||
| Contracts and finance/leasing documents are completed and agreed/signed by customer | |||
| Legal requirements are identified and observed | |||
| Type of insurance policy for customer is identified taking into account customer's requirements and insurance document and vehicle type and age | |||
| Insurance provider is chosen according to policy price, customer requirements and enterprise policies and procedures | |||
| Insurance contract/policy documentation is completed and agreed/signed by customer | |||
| Legal requirements are identified and observed |
Forms
Assessment Cover Sheet
AURC341903A - Apply relevant finance, leasing and insurance contracts/policies
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
AURC341903A - Apply relevant finance, leasing and insurance contracts/policies
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: