Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSTPB507 Mapping and Delivery Guide
Apply legal principles in commercial law when providing tax (financial) advice services
Version 1.0
Issue Date: April 2024
Qualification | - |
Unit of Competency | FNSTPB507 - Apply legal principles in commercial law when providing tax (financial) advice services |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to research, identify and analyse commercial law principles and apply relevant principles to particular clients and their circumstances.It applies to individuals who provide tax (financial) advice services as defined in the Tax Agent Services Act 2009. Individuals providing such services are generally required to be registered tax (financial) advisers.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioners Board (TPB). Refer to the FNS 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. Gather evidence to demonstrate consistent performance in conditions that are safe and replicate the workplace. Noise levels, production flow, interruptions and time variances must be typical of those experienced in the tax (financial) advice services field of work and include access to: office equipment, technology, software and consumables relevant legislation, regulations and codes of practice. Assessors must satisfy NVR/AQTF assessor requirements. This unit is designed to meet the education requirements of the Tax Practitioners Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator which stipulate that at least 40% of the assessment must be completed under some form of independent supervision. Where recognition of prior learning (RPL) is used, it must also meet the requirements of the TPB’s policy on RPL. Details of requirements can be accessed on the TPB website (www.tpb.gov.au). |
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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: Research commercial law principles |
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Element: 2. Explain commercial law principles and adviser's scope of authority |
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Element: Explain implications of the commercial law principles |
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Element: Maintain knowledge of commercial law principles |
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Element: Explain commercial law principles and adviser's scope of authority |
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