- BSBLEG513A - Apply legal principles in corporation law matters
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBLEG513A Mapping and Delivery Guide
Apply legal principles in corporation law matters
Version 1.0
Issue Date: May 2024
| Qualification | - |
Unit of Competency | BSBLEG513A - Apply legal principles in corporation law matters |
|---|---|---|---|
| Description | This unit describes the performance outcomes, skills and knowledge required to apply legal principles in corporation law matters, including establishing business structures and preparing associated documentation.A range of legislation, rules, regulations and codes of practice may apply to this unit at the time of endorsement, depending on job roles and jurisdictions. | ||
| Employability Skills | This unit contains employability skills. | ||
| Learning Outcomes and Application | This unit applies to individuals who apply knowledge of a range of principles in corporation law matters. Its application in the workplace will be determined by the job role of the individual and the legislation, rules, regulations and codes of practice relevant to different jurisdictions. | ||
| Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
||
| Prerequisites/co-requisites | |||
| Competency Field | Administration - legal administration | ||
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Elements of Competency | Performance Criteria | |||||||
| Element: Identify laws and principles of corporation law |
| |||||||
| Element: Enhance professional practice through application of relevant corporation law principles to business structures |
| |||||||
| Element: Undertake administrative tasks associated with corporation law |
| |||||||
Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Evidence of the ability to: prepare and lodge appropriate and accurate information and documents at the required stages of the legal process conduct all duties within accepted codes of conduct, including those relating to maintaining confidentiality, use of company property, duty of care, ethical behaviours, privacy, non-discriminatory practice, conflict of interest and compliance with reasonable direction apply knowledge of relevant court processes, current legislation, legal processes and required documentation. |
Context of and specific resources for assessment | Assessment must ensure access to: an actual workplace or simulated environment appropriate legislation and regulations relevant to corporation law matters workplace manuals and reference materials, such as company policies, procedural manuals, checklists and sample forms background information on courts, their jurisdiction and behavioural requirements appropriate technology, such as computers with relevant software appropriate texts and people with expert knowledge, such as legal practitioners appropriate legislation and regulations relevant to common legal matters. |
Method of assessment | A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: analysis of responses to case studies and scenarios direct questioning combined with review of portfolios of evidence and third-party workplace reports of on-the-job performance by the candidate observation of role plays review of documentation outlining the legal obligations, criteria and purpose of proprietary companies, public companies and franchises review of forms, documents and annexures prepared for appropriate parties for review and sign-off oral or written questioning to assess knowledge of legal terminology and practice specific to corporation law. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
|
Required skills |
communication skills toprovide clear and specific instructions about information required literacy skills to: follow complex legal procedures consider aspects of context, purpose and audience when generating and formatting documents edit and proofread to ensure accuracy, consistency, clarity of meaning and conformity to enterprise requirements research skills to: locate necessary information from external sources identify and evaluate status of information organisational skills to prepare, complete and despatch documents in a timely fashion technology skills to: operate office equipment use a range of common software packages |
Required knowledge |
scope of job role in the context of legislation, regulations and codes of practice in relevant jurisdictions relevant court processes, current legislation, legal processes and required documentation organisation's required policies and procedures for the full range of tasks covered legal terminology, including that specific to corporation law accepted codes of practice relevant to the workplace, including those relating to: privacy and confidentiality use of company property duty of care ethical behaviour non-discriminatory practice conflict of interest compliance with reasonable direction |
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 law Australian Taxation Office regulations client and firm relevant federal corporation law relevant state and territory corporation law schedules of fees and duties payable taxation and banking requirements tort, equity and statute law trust accounts. |
Different types of business structures and business arrangements include: | association company limited by guarantee company limited by shares company limited by shares and guarantee franchise holding company no-liability company partnerships, including joint ventures, formal and informal registrable Australian corporation shelf company subsidiary company trusts, including express, discretionary and bare unlimited company. |
Consequences of incorporation relate to: | formalities, publicity and expense limited liability perpetual succession property separate legal entity suing and being sued transfer of shares. |
Specified activities within corporation law relate to: | annual general meeting auditing cessation of business class meeting extraordinary general meeting liquidation statutory meeting take-overs winding up. |
Forms involved in incorporation may include: | application for: registration as a company registration of a business name reservation of a name notice of resolution notification of: allotment of shares consenting directors initial appointment of office holders statement of change in certain particulars, such as persons in relation to whom the business name is registered. |
Designated person may include: | legal practitioner practice manager supervisor. |
Appropriate parties involved in the incorporation of a company include: | company secretary director manager shareholder subscriber witness. |
Search documents may include: | certificate of incorporation certificate of title. |
Relevant agencies include: | Australian Securities and Investments Commission to confirm company details and prior charges land 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 bank equitable charge document mortgage document notification of details of change notification of discharge or release of property from a charge prior charge documents priority agreement with previous mortgagees or chargees prospectus stamp duty compliance form. |
Appropriate parties involved in arranging charges include: | borrower's solicitor company secretary director lender lender's solicitor manager previous mortgagee or chargee previous mortgagee or chargee's solicitor shareholder subscriber witness. |
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
| Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice | Yes | No | Comments/feedback |
|---|---|---|---|
| Source knowledge of corporation law and related legislation | |||
| Identify different types of business structures and clearly outline their structure, personnel, legal obligations, establishment procedures and purpose | |||
| Identify the differences between proprietary companies and public companies, and clearly outline the legal obligations, criteria and purpose of each | |||
| Identify consequences of incorporation | |||
| Identify structure, contents and purposes of an organisation's memorandum of association and articles of association | |||
| Identify other specific activities relevant to corporation law | |||
| Prepare forms, documents and annexures at the appropriate time, present to designated person for review and sign-off, and lodge with the appropriate government department | |||
| Make arrangements for documents to be despatched, signed and witnessed by appropriate parties | |||
| Provide assistance in preparing company prospectus where required | |||
| Arrange meetings as necessary to discuss the nature of debenture and the assets underwriting the charge | |||
| Undertake appropriate searches and obtain search documents from relevant agencies | |||
| Prepare forms and documents related to the administration of charges at the appropriate time, present to designated person for review and sign-off, and lodge with the appropriate government department | |||
| Determine types of costs for legal services in accordance with legislative and regulatory requirements |
Forms
Assessment Cover Sheet
BSBLEG513A - Apply legal principles in corporation law matters
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
BSBLEG513A - Apply legal principles in corporation law matters
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent
Assessor name:
Signature:
Date:
Student signature:
Date: