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Elements and Performance Criteria
Performance Evidence
Knowledge Evidence
To complete the unit requirements safely and effectively, the individual must:
explain the operation of the Australian legal systems and processes relevant to areas of commercial law including: basic principles, current statute, common law and equitable principlesroles and responsibilities of key organisationsseparation of powersbasic principles of contract lawbasic principles of the law of torts, particularly relating to negligence and negligent misstatement courts and regulatory bodiesrequirements and processes for clients who need specialised legal advice in commercial law mattersexplain how laws are enacted and their underlying policy aims, and how those laws may be interpreted by existing common law and equitable rulesexamine legal concepts and scope of contract law with reference to:formation – agreement and intention to create legal relationsformation – consideration, form, legality and capacitycontents – express terms, exclusion clausescontents – implied terms, common law and statute (Commonwealth, State or Territory competition and consumer legislation)vitiating elements – unconscionability, misrepresentation, capacitydischarge – remedies, including damages, rescission for unconscionable conductagencydescribe legal concepts and scope of consumer law:misleading and deceptive conductfunction of the Competition and Consumer Act 2010role and jurisdiction of the Australian Competition and Consumer Commission (ACCC)analyse legal concepts of business organisational structures, and underlying regulation including the application of these to:sole traderspartnershipscorporationstrustsagenciesjoint venturesincorporated associationsidentify and reference the key features of Australian corporations law examine legal concepts and scope of law covering trusts