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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: | area of lawAustralian Taxation Office regulationsclient and firmrelevant federal corporation lawrelevant state and territory corporation lawschedules of fees and duties payabletaxation and banking requirementstort, equity and statute lawtrust accounts. |
Different types of business structures and business arrangements include: | associationcompany limited by guaranteecompany limited by sharescompany limited by shares and guaranteefranchiseholding companyno-liability companypartnerships, including joint ventures, formal and informalregistrable Australian corporationshelf company subsidiary companytrusts, including express, discretionary and bareunlimited company. |
Consequences of incorporation relate to: | formalities, publicity and expenselimited liabilityperpetual successionpropertyseparate legal entitysuing and being suedtransfer of shares. |
Specified activities within corporation law relate to: | annual general meetingauditingcessation of businessclass meetingextraordinary general meetingliquidationstatutory meetingtake-overswinding up. |
Forms involved in incorporation may include: | application for:registration as a companyregistration of a business name reservation of a namenotice of resolutionnotification of:allotment of sharesconsenting directorsinitial appointment of office holdersstatement of change in certain particulars, such as persons in relation to whom the business name is registered. |
Designated person may include: | legal practitionerpractice managersupervisor. |
Appropriate parties involved in the incorporation of a company include: | company secretarydirectormanagershareholdersubscriberwitness. |
Search documents may include: | certificate of incorporationcertificate of title. |
Relevant agencies include: | Australian Securities and Investments Commission to confirm company details and prior chargesland titles office to check if borrower's property is subject to any outstanding dealings, charges and/or mortgages. |
Forms and documents related to the administration of charges include: | charge document, which an organisation may have in its precedent bankequitable charge documentmortgage documentnotification of details of changenotification of discharge or release of property from a chargeprior charge documentspriority agreement with previous mortgagees or chargeesprospectusstamp duty compliance form. |
Appropriate parties involved in arranging charges include: | borrower's solicitorcompany secretarydirectorlenderlender's solicitormanagerprevious mortgagee or chargeeprevious mortgagee or chargee's solicitorshareholdersubscriberwitness. |