Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

BSBSMB418 Mapping and Delivery Guide
Manage compliance for small business

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency BSBSMB418 - Manage compliance for small business
Description
Employability Skills
Learning Outcomes and Application This unit describes the skills and knowledge required to develop strategies for managing compliance obligations for small business.It applies to individuals who operate a small business and require a broad knowledge of regulatory and legislative requirements and who use this knowledge to develop compliance strategies.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to:

relevant Australian and international standards, laws, regulations, industry and organisational codes and standards

appropriate computer resources for online searching

case studies or, where possible, real situations.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
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
Elements of Competency Performance Criteria              
Element: Determine compliance obligations
  • Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards
  • Access codes of practice and material that interprets and explains obligations and legislative requirements
  • Review information for relevance to own small business operations, products and services
  • Identify business-specific compliance requirements, and risks and consequences of possible breaches
       
Element: Develop strategies to manage compliance requirements
  • Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business
  • Seek and utilise external expertise or sources of advice
  • Allocate responsibilities for compliance functions
  • Access resources to implement the compliance strategies
       
Element: Implement and monitor compliance management strategies
  • Decide on the interval between regular, cyclical compliance checks
  • Communicate compliance requirements to relevant others
  • Record timing and outcomes of compliance checks according to business requirements
  • Identify instances of noncompliance from compliance checks
  • Take action to address non-compliances
  • Check non-compliances have been resolved
       
Element: Identify areas for improvement in compliance
  • Review the outcomes of compliance checks and identify any operational problems
  • Analyse any non-compliance to determine modifications required
  • Access and analyse documentation relating to changes in compliance requirements
  • Modify compliance management strategies based on information analysed
  • Communicate any changes in compliance requirements to relevant others
       


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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine compliance obligations

1.1 Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards

1.2 Access codes of practice and material that interprets and explains obligations and legislative requirements

1.3 Review information for relevance to own small business operations, products and services

1.4 Identify business-specific compliance requirements, and risks and consequences of possible breaches

2. Develop strategies to manage compliance requirements

2.1 Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business

2.2 Seek and utilise external expertise or sources of advice

2.3 Allocate responsibilities for compliance functions

2.4 Access resources to implement the compliance strategies

3. Implement and monitor compliance management strategies

3.1 Decide on the interval between regular, cyclical compliance checks

3.2 Communicate compliance requirements to relevant others

3.3 Record timing and outcomes of compliance checks according to business requirements

3.4 Identify instances of noncompliance from compliance checks

3.5 Take action to address non-compliances

3.6 Check non-compliances have been resolved

4. Identify areas for improvement in compliance

4.1 Review the outcomes of compliance checks and identify any operational problems

4.2 Analyse any non-compliance to determine modifications required

4.3 Access and analyse documentation relating to changes in compliance requirements

4.4 Modify compliance management strategies based on information analysed

4.5 Communicate any changes in compliance requirements to relevant others

Evidence of the ability to:

analyse small business operations to identify compliance requirements and the implications of these for the business

develop compliance strategies in accordance with regulatory and legislative requirements

communicate compliance requirements to relevant others

develop and implement a schedule to carry out regular compliance checks

record outcomes of compliance checks according to business requirements

take action to address instances of noncompliance

analyse outcomes of compliance checks and identify improvements.

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

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

outline Australian and international standards, legislation, regulations, industry and organisational codes of practice specific to the small business

identify external professional, industry based and government sources of advice and expertise

outline compliance management strategies

describe methods for carrying out compliance checks.

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.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine compliance obligations

1.1 Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards

1.2 Access codes of practice and material that interprets and explains obligations and legislative requirements

1.3 Review information for relevance to own small business operations, products and services

1.4 Identify business-specific compliance requirements, and risks and consequences of possible breaches

2. Develop strategies to manage compliance requirements

2.1 Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business

2.2 Seek and utilise external expertise or sources of advice

2.3 Allocate responsibilities for compliance functions

2.4 Access resources to implement the compliance strategies

3. Implement and monitor compliance management strategies

3.1 Decide on the interval between regular, cyclical compliance checks

3.2 Communicate compliance requirements to relevant others

3.3 Record timing and outcomes of compliance checks according to business requirements

3.4 Identify instances of noncompliance from compliance checks

3.5 Take action to address non-compliances

3.6 Check non-compliances have been resolved

4. Identify areas for improvement in compliance

4.1 Review the outcomes of compliance checks and identify any operational problems

4.2 Analyse any non-compliance to determine modifications required

4.3 Access and analyse documentation relating to changes in compliance requirements

4.4 Modify compliance management strategies based on information analysed

4.5 Communicate any changes in compliance requirements to relevant others

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
Conduct a search of information on internal and external compliance requirements using appropriate search resources, including relevant Australian and international standards 
Access codes of practice and material that interprets and explains obligations and legislative requirements 
Review information for relevance to own small business operations, products and services 
Identify business-specific compliance requirements, and risks and consequences of possible breaches 
Design the proposed components of the planned compliance management framework, prioritising areas where breaches have critical implications for the business 
Seek and utilise external expertise or sources of advice 
Allocate responsibilities for compliance functions 
Access resources to implement the compliance strategies 
Decide on the interval between regular, cyclical compliance checks 
Communicate compliance requirements to relevant others 
Record timing and outcomes of compliance checks according to business requirements 
Identify instances of noncompliance from compliance checks 
Take action to address non-compliances 
Check non-compliances have been resolved 
Review the outcomes of compliance checks and identify any operational problems 
Analyse any non-compliance to determine modifications required 
Access and analyse documentation relating to changes in compliance requirements 
Modify compliance management strategies based on information analysed 
Communicate any changes in compliance requirements to relevant others 

Forms

Assessment Cover Sheet

BSBSMB418 - Manage compliance for small business
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

BSBSMB418 - Manage compliance for small business

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: