Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBCNV506 Mapping and Delivery Guide
Establish and manage a trust account
Version 1.0
Issue Date: March 2024
Qualification | - |
Unit of Competency | BSBCNV506 - Establish and manage a trust account |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to establish, manage and administer a trust or controlled money account in a conveyancing practice. It encompasses reviewing for compliance with trust account requirements, establishing and managing trust accounts, maintaining trust transaction records, and monitoring and reviewing trust accounts.It applies to individuals who use specialised knowledge and systematic approaches to analyse and manage financial information against specified criteria and compliance requirements.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the BSB Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Review trust account for compliance with trust account requirements |
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Element: Establish and manage trust accounts |
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Element: Manage and control trust accounts |
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Element: Monitor and review trust accounts |
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Element: Authorise and verify trust accounts |
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