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.
ELEMENTS | PERFORMANCE CRITERIA |
Elements describe the essential outcomes | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section. |
1. Determine legal entities | 1.1 Identify types of legal entities and confirm features of each. 1.2 Analyse transactions to determine the legal entities involved. 1.3 Determine liabilities of legal entities in accordance with the particular transactions. |
2. Identify and apply information relating to legal relationships | 2.1 Identify formation, type and nature of the legal relationshipsinvolved in transactions. 2.2 Map interrelationships involved in transactions to guide decision making. 2.3 Identify legal responsibilities of particular relationships in accordance with the particular transactions. 2.4 Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined. |
3. Identify and apply information relating to property and assets of legal entities | 3.1 Clarify the nature and legal types of property, and the principles relating to them. 3.2 Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities. 3.3 Identify value of property and nature of ownership. 3.4 Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership. 3.5 Map the property and assets of legal entities and examine and record their interrelationships. 3.6 Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities. |
Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.
reading and analysing complex and formal documents, including contracts, legislation and related materials, to assist in decision-making
explaining differences between different legal entities and impact of those differences on the determination of a tax or duty liability
communicating with others involving exchanges of complex information when determining legal entities, relationships and property ownership
using technology to conduct research, make enquiries, review available data, access legislative requirements and record outcomes
applying environmental and work health and safety procedures to administrative work and when dealing with customers
Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.
general features and underlying principles of legal entities and legal relationships
fundamental nature of property and principles relating to personal or real property, leases, licences and assignment of property
mortgages, easements, charges, memorials and restrictive covenants
sources of property law
features of a partnership
business processes
This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.
Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.