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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

  1. Develop and implement policies and procedures for the management of assets
  2. Ensure asset records are established
  3. Ensure that assets and records are maintained
  4. Ensure insurance cover is in place
  5. Oversee an annual internal audit of assets
  6. Oversee acquisition and disposal of assets

Required Skills

Required skills

communication and teamwork skills to work cooperatively with other board members management and staff of the organisation members community and key stakeholders

culturally appropriate communication skills to relate to people from diverse backgrounds and with diverse abilities

evaluation and decisionmaking skills tomonitor and review information presented to the board and enact decisions

numeracy skills to review asset reports and identify discrepancies

oral diagrammatic or written literacy skills to be able to gather and share information

problemsolving skills to identify and manage issues that arise in the management of assets

Required knowledge

asset auditing procedures

asset purchasing and disposal procedures

funding body requirements with regard to assets

geographic cultural social economic and political context in which particular organisations operate and how that may impact on the management of assets

organisational procedures and processes with respect to assets

provisions of federal state or territory legislation and funding body requirements that have an impact on the management of assets

recordkeeping requirements with regard to assets

relevant protocols and cultural responsibilities with respect to the management of assets

Evidence Required

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

work with others to develop policies and procedures for managing assets

follow policies and procedures for managing assets

Context of and specific resources for assessment

Assessment must ensure

participation on an actual or simulated board

access to examples of asset registers

access to examples of relevant asset policy and procedures

access to examples of relevant documentsand reports

knowledge and performance are assessed over time to confirm consistency in performance

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit

observation of performance on a board or simulated board

direct questioning combined with reflection of practical board performance by the candidate

analysis of responses to case studies and scenarios

demonstration of techniques

observation of presentations

oral or written questioning to assess knowledge

observation of performance in role plays

analysis of feedback from others involved in the management of assets

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended for example

BSBATSIMA Oversee financial management

BSBATSIM418A Oversee financial management

BSBATSIWC Select and use technology

BSBATSIW417C Select and use technology.


Range Statement

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.

Administrative procedures may include:

asset disposal

internal audit

invoices and receipts

identification labelling

insurance

purchasing

use and control.

Asset register:

may be computer-based or manual records

may include:

additions

date of purchase

identifying numbers

insurance claims

location

loss or theft

major repairs

obsolescence

value.

Movable assets may include:

artworks

cultural items

goods

office furniture

plant and equipment

vehicles.

Asset documents may include:

guarantees

invoices and receipts

insurance documentation

maintenance records

titles and certificates

warranties.