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 candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

conduct a review of one organisation or business unit to determine requirements of compliance with AFSL and regulatory framework.

In the course of the above, the candidate must:

assess viability of current controls and their compliance with requirements of licence and regulatory frameworks

communicate and confirm operational controls reliance with appropriate personnel

communicate strategic issues to different groups of stakeholders

build compliance capabilities of teams.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

key principles of AFSL and relevant legislation

types of compliance breaches and breach reporting standards

types of mitigation controls for monitoring risk

techniques and performance indicators for monitoring the operation of compliance

organisational operational controls including breach of licence controls

key resources required by staff in meeting compliance objectives, including training programs, technology and support staff.

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)

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.

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
Identify compliance requirements of AFSL and regulatory obligations applying to the organisation’s business activities
Review licence on an ongoing basis to ensure any changes to organisational strategies or product and service offerings are meeting licence requirements and regulatory obligations
Evaluate the impact of regulatory changes on the organisation or business unit
Identify risks and vulnerabilities that may impact on the organisation’s compliance with AFSL requirements
Review a range of operational controls to detect possible breaches of licence
Investigate alerts triggered by controls and address breaches according to organisational policies and procedures
Analyse trends in data generated by procedural controls to determine the effectiveness of reporting systems
Report areas identified as needing improvement to parties responsible for those areas
Confirm that remedial action has been agreed upon and completed
Ensure new regulatory requirements and codes of practice are integrated into organisational compliance processes and internal policy documents
Contextualise and communicate implications of regulatory change for business processes and procedures to staff
Incorporate compliance issues and procedures into practice guidelines and document appropriately
Report to the board on compliance with regulatory framework for the organisation or business unit
Communicate and confirm accountabilities and responsibilities to team members consistent with their capabilities and the operational plans of the organisation
Support staff in developing their compliance awareness and competence

Assessment Cover Sheet

FNSFMK523 - Comply with requirements of licence and regulatory framework

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

FNSFMK523 - Comply with requirements of licence and regulatory framework

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: