Google Links

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

Elements and Performance Criteria

  1. Research facility or asset.
  2. Arrange assessment of value of facility or asset.
  3. Present information.

Required Skills

This section describes the essential skills and knowledge and their level required for this unit

Required skills

analysis and interpretation skills to ensure collection of valid and reliable data assess market information and determine value of facility or asset

computing skills to access the internet and web pages prepare and complete online forms lodge electronic documents and search online databases

interpersonal skills to liaise with relevant people to obtain asset information and to relate to people from a range of social cultural and ethnic backgrounds and varying physical and mental abilities

literacy skills to access and interpret a variety of information and collate and prepare required documentation

research and evaluation skills to identify gaps in data and source additional information

Required knowledge and understanding

company recordkeeping policies and procedures

limitations of work role responsibility and professional abilities

OHS issues and requirements

relevant financial recordkeeping standards practices and codes

relevant Australian standards and legislation including Australian accounting standards

relevant federal and state or territory legislation and local government regulations related to

antidiscrimination

consumer protection

environmental issues

equal employment opportunity EEO

financial probity

franchise and business structures

industrial relations

OHS

privacy

property sales leasing and management

relevant facility or asset financial recordkeeping manuals

Evidence Required

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

Overview of assessment

This unit of competency could be assessed through practical demonstration of placing a value on facilities and assets Targeted written including alternative formats where necessary or verbal questioning to assess the candidates underpinning knowledge would provide additional supporting evidence of competence The demonstration and questioning would include collecting evidence of the candidates knowledge and application of ethical standards and relevant federal and state or territory legislation and regulations This assessment may be carried out in a simulated or workplace environment

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

A person who demonstrates competency in this unit must be able to provide evidence of

determining market value of facility or asset using market data and established accounting procedures

knowledge of organisations practices ethical standards and legislative requirements associated with placing a value on facilities and assets

presenting facility or asset valuation in a clear and comprehensive format

researching and analysing asset information to clarify status and ownership of facility or asset

Context of and specific resources for assessment

Resource implications for assessment include

access to suitable simulated or real opportunities and resources to demonstrate competence

assessment instruments that may include personal planner and assessment record book

access to a registered provider of assessment services

Where applicable physical resources should include equipment modified for people with disabilities

Access must be provided to appropriate learning andor assessment support when required

Assessment processes and techniques must be culturally appropriate and appropriate to the language and literacy capacity of the candidate and the work being performed

Validity and sufficiency of evidence require that

competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace

where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the persons competence

all assessment that is part of a structured learning experience must include a combination of direct indirect and supplementary evidence

where assessment is for the purpose of recognition RCCRPL the evidence provided will need to be current and show that it represents competency demonstrated over a period of time

assessment can be through simulated projectbased activity and must include evidence relating to each of the elements in this unit

In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions and will reflect the requirements of the competency and the work being performed

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 in the performance criteria is detailed below. Add any 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.

Clients may include:

agents

company or business enterprises

fund managers

government agencies

insurers

internal and external property groups

legal advisers

private investors

project managers

property agents

property owners

risk assessors.

Assets may relate to:

buildings

business and marketing contracts

equipment

furniture

goodwill

land

facilities

vehicles.

Organisational requirements may be outlined and reflected in:

access and equity principles and practice guidelines

business and performance plans

complaint and dispute resolution procedures

goals, objectives, plans, systems and processes

legal and ethical requirements and codes of practice

mission statements and strategic plans

OHS policies, procedures and programs

policies and procedures in relation to client service

quality and continuous improvement processes and standards

quality assurance and procedure manuals.

Interpersonal techniques may include:

active listening

clear presentation of options

consultation methods

culturally inclusive and sensitive engagement techniques

questioning to clarify and confirm understanding

seeking feedback

two-way interaction

using language and concepts appropriate to cultural differences

verbal or non-verbal language.

Relevant people may include:

accountants

clients

colleagues

legal representatives

members of industry associations

supervisors

taxation specialists

valuers.

Source documents may include:

asset valuation statements

company asset documents and registers

comparative market data

depreciation schedules

financial documents

qualitative and quantitative data

reports and inventories

taxation records.

Legislative requirements may be outlined and reflected in:

Australian standards, and quality assurance and certification requirements

award and enterprise agreements

consumer protection

freedom of information

home building requirements

privacy requirements

public health

relevant federal, and state or territory legislation that affects organisational operation, including:

anti-discrimination and diversity

environmental issues

EEO

industrial relations

OHS

relevant industry codes of practice

strata, community and company titles

tenancy agreements

trade practices laws and guidelines.

Comparative market data may include:

best practice information

national and international benchmarking

inter-organisation comparison data.

Specialist advice may be sought from:

accountants

bankers and financiers

business consultants

government officials

investment consultants

members of industry associations

real estate agents

solicitors

subcontractors

taxation specialists

technical experts

valuers.

Business equipment and technology may include:

computers

data storage devices

email

facsimile machines

internet, extranet and intranet

photocopiers

printers

scanners

software applications, such as databases and word applications.

Feedback may be obtained from:

clients and colleagues

documentation and reports

quality assurance data

questionnaires

regular meetings.

Information may relate to:

historical data

insurance

maintenance schedules

operating environment of organisation, including financial markets, competitors, core business activities, functions and stakeholders

property, facility and asset leases and contracts

property, facility and asset management reports

reports and relevant documentation

useful and residual life of asset.