Specific knowledge is required to achieve the performance criteria of this unit, particularly for its application in the various circumstances in which this unit may be used. This includes knowledge of the following as required to manage financial resources: codes of ethics and conduct understanding of provisions of relevant legislation affecting business operations, codes of practice and national standards, such as: anti-discrimination legislation ethical principles codes of practice privacy laws financial legislation occupational health and safety (OHS) consumer protection legislation contract law Trade Practices Act organisation policy and procedures relating to: service delivery, quotation and payment policies and procedures standard contracting arrangements purchasing and procurement principles for: accountability probity and transparency risk management value for money federal government taxes and charges equipment and ancillary attachment characteristics, technical capabilities and limitations wear parts and relative frequency of replacement purpose of stock control financial transactions such as cash flow and cost benefit analysis record keeping systems budgeting procedures |