Assessor Resource

BSBCNV503
Analyse and interpret legal requirements for a transaction

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills and knowledge required to analyse and interpret legal requirements for a conveyancing transaction within a range of contexts and environments. It encompasses identifying and applying statutory interpretation techniques, identifying and tracking changes to relevant legislation and codes of conduct, and maintaining appropriate records.

It applies to individuals who use specialised knowledge and skills to research and evaluate complex information and compliance requirements, and apply that information to relevant tasks.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the BSB Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Interpret legal principles and legislative requirements affecting conveyancing transactions

1.1 Identify legal framework of conveyancing practice

1.2 Interpret components of statute law and their relationships with respect to their application to conveyancing practice

1.3 Access legislation and regulations relevant to the provision of conveyancing services

1.4 Identify and analyse relevant case law for legal principles

2 Interpret legislative requirements affecting conveyancing transactions

2.1 Interpret and analyse the structure of legislation and regulations that relate to conveyancing transactions

2.2 Analyse common interpretation problems

2.3 Apply rules and techniques for interpreting legislation and regulations in conveyancing transactions

3 Track and interpret changes to legislation and regulations affecting agency operations

3.1 Identify processes that lead to changes in legislation and regulations

3.2 Access source documents for amendment legislation relevant to the provision of conveyancing services

3.3 Establish a process and technique for tracking amendments to legislation and regulations

3.4 Interpret and address implications of changes to legislative and regulatory requirements in line with agency procedures

3.5 Communicate changes to legislative and regulatory requirements to appropriate people in line with agency policy and procedures

4 Comply with relevant codes of conduct

4.1 Source and access codes of conduct

4.2 Interpret relationship between industry codes of conduct and legislative requirements

4.3 Apply key principles and responsibilities of codes of conduct to own work in line with industry practice

4.4 Ensure personal ethical behaviour complies with relevant codes of conduct

5 Maintain records of legislation and industry codes

5.1 Identify practice processes and the personnel responsible for monitoring and communicating changes to legislation and industry codes of conduct

5.2 Maintain relevant records of legislation and codes of conduct

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:

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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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Interpret legal principles and legislative requirements affecting conveyancing transactions

1.1 Identify legal framework of conveyancing practice

1.2 Interpret components of statute law and their relationships with respect to their application to conveyancing practice

1.3 Access legislation and regulations relevant to the provision of conveyancing services

1.4 Identify and analyse relevant case law for legal principles

2 Interpret legislative requirements affecting conveyancing transactions

2.1 Interpret and analyse the structure of legislation and regulations that relate to conveyancing transactions

2.2 Analyse common interpretation problems

2.3 Apply rules and techniques for interpreting legislation and regulations in conveyancing transactions

3 Track and interpret changes to legislation and regulations affecting agency operations

3.1 Identify processes that lead to changes in legislation and regulations

3.2 Access source documents for amendment legislation relevant to the provision of conveyancing services

3.3 Establish a process and technique for tracking amendments to legislation and regulations

3.4 Interpret and address implications of changes to legislative and regulatory requirements in line with agency procedures

3.5 Communicate changes to legislative and regulatory requirements to appropriate people in line with agency policy and procedures

4 Comply with relevant codes of conduct

4.1 Source and access codes of conduct

4.2 Interpret relationship between industry codes of conduct and legislative requirements

4.3 Apply key principles and responsibilities of codes of conduct to own work in line with industry practice

4.4 Ensure personal ethical behaviour complies with relevant codes of conduct

5 Maintain records of legislation and industry codes

5.1 Identify practice processes and the personnel responsible for monitoring and communicating changes to legislation and industry codes of conduct

5.2 Maintain relevant records of legislation and codes of conduct

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
Identify legal framework of conveyancing practice 
Interpret components of statute law and their relationships with respect to their application to conveyancing practice 
Access legislation and regulations relevant to the provision of conveyancing services 
Identify and analyse relevant case law for legal principles 
Interpret and analyse the structure of legislation and regulations that relate to conveyancing transactions 
Analyse common interpretation problems 
Apply rules and techniques for interpreting legislation and regulations in conveyancing transactions 
Identify processes that lead to changes in legislation and regulations 
Access source documents for amendment legislation relevant to the provision of conveyancing services 
Establish a process and technique for tracking amendments to legislation and regulations 
Interpret and address implications of changes to legislative and regulatory requirements in line with agency procedures 
Communicate changes to legislative and regulatory requirements to appropriate people in line with agency policy and procedures 
Source and access codes of conduct 
Interpret relationship between industry codes of conduct and legislative requirements 
Apply key principles and responsibilities of codes of conduct to own work in line with industry practice 
Ensure personal ethical behaviour complies with relevant codes of conduct 
Identify practice processes and the personnel responsible for monitoring and communicating changes to legislation and industry codes of conduct 
Maintain relevant records of legislation and codes of conduct 

Forms

Assessment Cover Sheet

BSBCNV503 - Analyse and interpret legal requirements for a transaction
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Assessment Record Sheet

BSBCNV503 - Analyse and interpret legal requirements for a transaction

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Overall assessment result: Competent Not yet competent

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