Application
This unit describes the skills and knowledge required to establish business structures and prepare associated documentation within corporation law frameworks.
It applies to individuals who work under supervision and evaluate information from a variety of sources to complete and despatch required information.
Its application in the workplace is determined by the job role of the individual and legislation, rules, regulations and codes of practice relevant to different jurisdictions.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Identify laws and principles of corporation law | 1.1 Source knowledge of corporation law and related legislation 1.2 Identify different types of business structures and clearly outline their structure, personnel, legal obligations, establishment procedures and purpose 1.3 Identify differences between proprietary companies and public companies, and clearly outline the legal obligations, criteria and purpose of each |
2. Enhance professional practice through application of relevant corporation law principles to business structures | 2.1 Identify consequences of incorporation 2.2 Identify structure, contents and purposes of an organisation’s memorandum of association and articles of association 2.3 Identify other specific activities relevant to corporation law |
3. Undertake administrative tasks associated with corporation law | 3.1 Prepare forms, documents and annexures at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department 3.2 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties 3.3 Provide assistance in preparing company prospectus where required 3.4 Arrange meetings as necessary to discuss nature of debenture and assets underwriting the charge 3.5 Undertake appropriate searches and obtain search documents from relevant agencies 3.6 Prepare forms and documents related to administration of charges at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department 3.7 Determine types of costs for legal services in accordance with legislative and regulatory requirements 3.8 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill | Performance Criteria | Description |
Reading | 1.1-1.3, 2.1-2.3, 3.5, 3.7 | Gathers, interprets and analyses complex textual information from a range of sources and identifies relevant and key information Checks documents for accuracy and clarity of meaning |
Writing | 1.2, 1.3, 3.1, 3.3, 3.5, 3.6, 3.8 | Uses clear, accurate and relevant language to record information and to complete workplace documentation |
Oral Communication | 3.3, 3.4, 3.8 | Participates effectively in spoken interactions using appropriate language and features for each audience and situation Uses active listening and questioning techniques to confirm and clarify understanding |
Numeracy | 3.7 | Interprets numerical information to determine costs |
Navigate the world of work | 1.2, 1.3, 2.1-2.3, 3.7 | Identifies implications of law to organisational policies and procedures Keeps up-to-date with relevant legislation or regulations and considers these when planning and undertaking work |
Interact with others | 3.1-3.3 | Selects appropriate form, channel and mode of communication for a specific purpose relevant to own role Assists others as part of familiar workplace activities |
Get the work done | 1.1-1.3, 2.1-2.3, 3.3-3.6, 3.8 | Plans, organises and implements work activities that comply with organisational and legislative requirements, including timelines Evaluates information to decide on relevance to organisation |
Sectors
Administration – Legal Services Administration