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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. Create charitable trust file
  2. Establish and administer charitable trust
  3. Provide for ongoing management and administration of charitable trust

Performance Evidence

Evidence of the ability to:

establish and administer a charitable trust that complies with legislative and organisational requirements

prepare and interpret complex financial statements

monitor and assess the appropriateness of the trust's assets in meeting grant requirements

create an annual information statement (AIS) for the Australian Charities and Not-for-profits Commission (ACNC).

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.


Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

describe the key requirements of legislation and regulators that govern charitable trusts including:

definition of charity under the Charities Act

Australian Charities and Not-for-profits Commission Act

Charities Act

Tax Administration Act

Income Tax Assessment Act

describe the regulators that govern charitable trusts including:

Australian Taxation Office

state and territory Attorneys-General

describe own role, responsibilities and limitations in relation to providing financial advice

outline the general features and key regulatory requirements of:

charitable funds and charitable institutions

deductable gift recipients (DGRs)

charitable will trusts and inter vivos trusts

private ancillary funds

public ancillary funds

charitable tax status

grant making programs

cy pres applications

describe organisational policies and procedures regarding the establishment, administration and review of charitable trusts including the grant consideration

outline the professional code of conduct, where applicable, in the personal trustee sector

identify the role of, and how and when to contact, internal or external specialists relating to the personal trustee sector

outline the products and services offered by personal trustee organisations and the fees and charges that apply

discuss the liabilities and penalties for non-compliance by trustees.