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. Determine compliance obligations | 1.1 Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards 1.2 Access codes of practice and material that interprets and explains obligations and legislative requirements 1.3 Review information for relevance to own small business operations, products and services 1.4 Identify business-specific compliance requirements, and risks and consequences of possible breaches |
2. Develop strategies to manage compliance requirements | 2.1 Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business 2.2 Seek and utilise external expertise or sources of advice 2.3 Allocate responsibilities for compliance functions 2.4 Access resources to implement the compliance strategies |
3. Implement and monitor compliance management strategies | 3.1 Decide on the interval between regular, cyclical compliance checks 3.2 Communicate compliance requirements to relevant others 3.3 Record timing and outcomes of compliance checks according to business requirements 3.4 Identify instances of noncompliance from compliance checks 3.5 Take action to address non-compliances 3.6 Check non-compliances have been resolved |
4. Identify areas for improvement in compliance | 4.1 Review the outcomes of compliance checks and identify any operational problems 4.2 Analyse any non-compliance to determine modifications required 4.3 Access and analyse documentation relating to changes in compliance requirements 4.4 Modify compliance management strategies based on information analysed 4.5 Communicate any changes in compliance requirements to relevant others |
Evidence of the ability to:
analyse small business operations to identify compliance requirements and the implications of these for the business
develop compliance strategies in accordance with regulatory and legislative requirements
communicate compliance requirements to relevant others
develop and implement a schedule to carry out regular compliance checks
record outcomes of compliance checks according to business requirements
take action to address instances of noncompliance
analyse outcomes of compliance checks and identify improvements.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
outline Australian and international standards, legislation, regulations, industry and organisational codes of practice specific to the small business
identify external professional, industry based and government sources of advice and expertise
outline compliance management strategies
describe methods for carrying out compliance checks.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to:
relevant Australian and international standards, laws, regulations, industry and organisational codes and standards
appropriate computer resources for online searching
case studies or, where possible, real situations.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.