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
communication skills to:
liaise with others, share information, provide advice and guidance
use language and concepts appropriate to cultural differences
research skills to:
access and interpret legislation, regulation and precedent
identify corporations and trusts law related matters that have the potential to impact on businesses
literacy skills to analyse information needs and prepare clear written advice
learning skills to maintain knowledge of changes to legislation and requirements
problem solving skills to:
apply statute, regulation and precedent to a client’s circumstances
develop options to resolve client related matters when they arise
organisational skills, including the ability to plan and sequence work.
Required knowledge
operation of the Australian legal systems and processes relevant to corporations and trusts law
legal concepts of business organisational structures, and underlying regulation including:
public and private companies
trusts
partnerships
sole traders
key features of Australian corporations law and requirements relating to:
nature of a company
company registration
promoters and pre-registration contracts
company constitution and replaceable rules
contracting with others
fundraising
share capital
members meetings
corporate management
directors duties
members remedies
insolvency
legal concepts and scope of law covering trusts:
common law
equity
legislation
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.
Legislation includes that relating to: | Australian corporations law principles of equity applying to trusts state and territory trusts legislation |
Different types of business structures include: | association company limited by guarantee company limited by shares company limited by shares and guarantee franchise holding company no-liability company partnerships, including joint ventures, formal and informal registrable Australian corporation shelf company subsidiary company trusts, including express, discretionary and bare unlimited company |
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