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Evidence Guide: BSBSBM401A - Establish business and legal requirements

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBSBM401A - Establish business and legal requirements

What evidence can you provide to prove your understanding of each of the following citeria?

Identify and Implement business legal requirements

  1. Possible legal options for the business structure are identified
  2. Legislation, codes and regulatory requirements affecting the structure and operations of the business are determined and procedures are developed and implemented to ensure full compliance
Possible legal options for the business structure are identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Legislation, codes and regulatory requirements affecting the structure and operations of the business are determined and procedures are developed and implemented to ensure full compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comply with legislation, codes and regulatory requirements

  1. Systems are established to ensure the legal rights and responsibilities of the business are identified, and the business is adequately protected, especially in regard to Occupational Health and Safety, business registration and environmental requirements
  2. Taxation principles and requirements relative to the business are identified, and procedures are followed to ensure compliance
  3. Legal documents are identified, carefully maintained and relevant records are kept and updated to ensure their ongoing security and accessibility
  4. Insurance requirements are identified and adequate cover is acquired
  5. Compliance with legal and regulatory requirements monitored
  6. Investigations conducted to identify areas of non-compliance with legal and regulatory requirements and corrective action taken where required
Systems are established to ensure the legal rights and responsibilities of the business are identified, and the business is adequately protected, especially in regard to Occupational Health and Safety, business registration and environmental requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Taxation principles and requirements relative to the business are identified, and procedures are followed to ensure compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Legal documents are identified, carefully maintained and relevant records are kept and updated to ensure their ongoing security and accessibility

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Insurance requirements are identified and adequate cover is acquired

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compliance with legal and regulatory requirements monitored

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Investigations conducted to identify areas of non-compliance with legal and regulatory requirements and corrective action taken where required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate and arrange contracts

  1. Legal advice on contractual rights and obligations is sought, if required, to clarify business liabilities
  2. Potential products/services are investigated and assessed to determine procurement rights and to ensure protection of business interests where applicable
  3. Conditions applying to production/provision of relevant products and services are investigated to ensure compliance with legal and contractual requirements as required
  4. Contractual procurement rights for goods and services including contracts with relevant people, negotiated and secured as required in accordance with the business plan
  5. Options for leasing/ownership of business premises identified and contractual arrangements completed in accordance with the business plan
Legal advice on contractual rights and obligations is sought, if required, to clarify business liabilities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Potential products/services are investigated and assessed to determine procurement rights and to ensure protection of business interests where applicable

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conditions applying to production/provision of relevant products and services are investigated to ensure compliance with legal and contractual requirements as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Contractual procurement rights for goods and services including contracts with relevant people, negotiated and secured as required in accordance with the business plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Options for leasing/ownership of business premises identified and contractual arrangements completed in accordance with the business plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The Evidence Guide identifies the critical aspects, knowledge and skills to be demonstrated to confirm competence for this unit. This is an integral part of the assessment of competence and should be read in conjunction with the Range of Variables.

Critical Aspects of Evidence

The capacity to implement a systematic approach to identifying, managing and meeting legal business requirements and

Interpreting compliance data and formulating appropriate action

Underpinning Knowledge*

* At this level the learner must demonstrate understanding of a broad knowledge base incorporating some theoretical concepts.

National, State/Territory and Local Government legislative requirements affecting business operation, especially in regard to Occupational Health and Safety and environmental issues, EEO, industrial relations and anti-discrimination

Relevant OHS responsibilities and procedures

Business registration and licensing requirements

Legal rights and obligations of alternative ownership structures

Relevant taxation and related legislative requirements and legal rights and responsibilities related to the business

Bookkeeping and record keeping procedures to meet minimum financial and legal requirements

Award and enterprise agreements, where required

Industrial law relevant to recruitment and dismissal of employees

Creation and termination of relevant legal contracts

Duty of care imposed by Law of Torts

Relevant industry codes of practice

Relevant consumer legislation

Underpinning Skills

Literacy skills to interpret legal requirements, develop company policies and procedures and analyse compliance information

Communication, reporting and consultation skills necessary for the business operation

Time management skills to prioritise tasks and to meet datelines

Ability to relate to people from a range of social, cultural and ethnic backgrounds and physical and mental abilities

Resource Implications

The learner and trainer should have access to appropriate documentation and resources normally used in the workplace

Consistency of Performance

In order to achieve consistency of performance, evidence should be collected over a set period of time which is sufficient to include dealings with an appropriate range and variety of situations

Context/s of Assessment

Competency is demonstrated by performance of all stated criteria, including paying particular attention to the critical aspects and the knowledge and skills elaborated in the Evidence Guide, and within the scope as defined by the Range of Variables

Assessment must take account of the endorsed assessment guidelines in the Business Services Training Package

Assessment of performance requirements in this unit should be undertaken in an actual workplace or simulated environment

Assessment should reinforce the integration of the key competencies and the business services common competencies for the particular AQF level. Refer to the Key Competency Levels at the end of this unit

Key Competency Levels

Collecting, analysing and organising information (Level 3) - to determine business legal requirements

Communicating ideas and information (Level 2) - to establish business structure

Planning and organising activities (Level 3) - to comply with legal requirements for the business legal structure

Working with teams and others (Level 2) - to obtain compliance with legal requirements

Using mathematical ideas and techniques (Level 2) - to support the business operation

Solving problems (Level 3) - to reduce risk and establish business legal structure

Using technology (Level 1) - to optimise business performance

Please refer to the Assessment Guidelines for advice on how to use the Key Competencies

The Evidence Guide identifies the critical aspects, knowledge and skills to be demonstrated to confirm competence for this unit. This is an integral part of the assessment of competence and should be read in conjunction with the Range of Variables.

Critical Aspects of Evidence

The capacity to implement a systematic approach to identifying, managing and meeting legal business requirements and

Interpreting compliance data and formulating appropriate action

Underpinning Knowledge*

* At this level the learner must demonstrate understanding of a broad knowledge base incorporating some theoretical concepts.

National, State/Territory and Local Government legislative requirements affecting business operation, especially in regard to Occupational Health and Safety and environmental issues, EEO, industrial relations and anti-discrimination

Relevant OHS responsibilities and procedures

Business registration and licensing requirements

Legal rights and obligations of alternative ownership structures

Relevant taxation and related legislative requirements and legal rights and responsibilities related to the business

Bookkeeping and record keeping procedures to meet minimum financial and legal requirements

Award and enterprise agreements, where required

Industrial law relevant to recruitment and dismissal of employees

Creation and termination of relevant legal contracts

Duty of care imposed by Law of Torts

Relevant industry codes of practice

Relevant consumer legislation

Underpinning Skills

Literacy skills to interpret legal requirements, develop company policies and procedures and analyse compliance information

Communication, reporting and consultation skills necessary for the business operation

Time management skills to prioritise tasks and to meet datelines

Ability to relate to people from a range of social, cultural and ethnic backgrounds and physical and mental abilities

Resource Implications

The learner and trainer should have access to appropriate documentation and resources normally used in the workplace

Consistency of Performance

In order to achieve consistency of performance, evidence should be collected over a set period of time which is sufficient to include dealings with an appropriate range and variety of situations

Context/s of Assessment

Competency is demonstrated by performance of all stated criteria, including paying particular attention to the critical aspects and the knowledge and skills elaborated in the Evidence Guide, and within the scope as defined by the Range of Variables

Assessment must take account of the endorsed assessment guidelines in the Business Services Training Package

Assessment of performance requirements in this unit should be undertaken in an actual workplace or simulated environment

Assessment should reinforce the integration of the key competencies and the business services common competencies for the particular AQF level. Refer to the Key Competency Levels at the end of this unit

Key Competency Levels

Collecting, analysing and organising information (Level 3) - to determine business legal requirements

Communicating ideas and information (Level 2) - to establish business structure

Planning and organising activities (Level 3) - to comply with legal requirements for the business legal structure

Working with teams and others (Level 2) - to obtain compliance with legal requirements

Using mathematical ideas and techniques (Level 2) - to support the business operation

Solving problems (Level 3) - to reduce risk and establish business legal structure

Using technology (Level 1) - to optimise business performance

Please refer to the Assessment Guidelines for advice on how to use the Key Competencies

Required Skills and Knowledge

Not applicable.

Range Statement

The Range Statement provides advice to interpret the scope and context of this unit of competence, allowing for differences between enterprises and workplaces. It relates to the unit as a whole and facilitates holistic assessment. The following variables may be present for this particular unit:

Legislation, codes and national standards relevant to the workplace which may include:

award and enterprise agreements and relevant industrial instruments

national, State/Territory and Local Government legislative requirements affecting business operation, especially in regard to Occupational Health and Safety and environmental issues, EEO, industrial relations and anti-discrimination

relevant industry codes of practice

Occupational Health and Safety and requirements must include:

establishing hazard management arrangements to identify workplace specific hazards

establishing hazard management arrangements to assess and control the risks associated with workplace hazards including development of written safe operating procedures

establishing OHS record keeping arrangements in accordance with regulatory requirements

developing and implementing procedures to evaluate and review effectiveness of risk control measures

the establishment and maintenance of a system for managing OHS

OHS Duty of Care responsibilities (knowledge of legislation)

And may include:

establishing arrangements to induct, train and provide information on workplace hazards and their control, to all workplace personnel

developing workplace arrangements to consult employees

Legal options for the business structure may include:

company, trust, partnership or sole trader structure or form of business recognised by law. It may be profit or non-profit based

And may be influenced by:

preferences of owners

requirements of financial backers

confidentiality

taxation

superannuation

ownership transfer

partnership considerations

Ownership transfer considerations may include:

ownership transfer may occur as a result of forced business closure, death, divorce, sale of business, buying out other partners, succession planning etc

Legislation, codes and regulatory requirements may include:

local, state, national and international legislation and regulations affecting business operations such as: business registration, planning and other permissions, license to practice, franchising, agencies, licensing eg (Real Estate Agents, Customs Brokers), fire, occupational health and safety and environmental legislation, industrial, taxation including GST, copyright, patent trademark and design regulations, codes of practice, standards and anti-competition/monopoly, anti-trust and consumer legislation, Law of Torts

Legal rights and responsibilities may include:

marketing the business in accordance with consumer legislation

operating the business with a duty of care (Law of Torts)

obligations imposed by choice of business structure

Taxation principles and requirements may include:

tax file number, Australian Business number, GST registration, PAYG and withholding arrangements

relevant taxation requirements/obligations for business

Legal documents may include:

partnership agreements, constitution documents, statutory books for companies (Register of Members, Register of Directors and Minute Books), Certificate of Incorporation, Franchise Agreements and financial documentation, appropriate software for financial records

Recordkeeping may include but is not restricted to:

personnel, financial, taxation, OHS and environmental

OHS recordkeeping may include:

workers compensation and rehabilitation;

hazardous substances register;

material safety data sheets;

manufacturers' and suppliers' information;

OHS audits and inspections;

first aid and medical; accident reports and investigations

plant maintenance and testing;

instruction&training

Insurance requirements may include:

third party bodily injury on motor vehicles

workers compensation

any other insurance cover declared mandatory by State or Federal legislation

Procurement rights to products and services may include:

royalties, copyright, patents, trademarks, registered design and applications, intellectual property, software licenses, franchises, agencies and any form of licensing

Contracts with relevant people may include:

owners, suppliers, employees, landlords, agents, distributors, customers or any person with whom the business has, or seeks to have, a performance-based relationship

The Range Statement provides advice to interpret the scope and context of this unit of competence, allowing for differences between enterprises and workplaces. It relates to the unit as a whole and facilitates holistic assessment. The following variables may be present for this particular unit:

Legislation, codes and national standards relevant to the workplace which may include:

award and enterprise agreements and relevant industrial instruments

national, State/Territory and Local Government legislative requirements affecting business operation, especially in regard to Occupational Health and Safety and environmental issues, EEO, industrial relations and anti-discrimination

relevant industry codes of practice

Occupational Health and Safety and requirements must include:

establishing hazard management arrangements to identify workplace specific hazards

establishing hazard management arrangements to assess and control the risks associated with workplace hazards including development of written safe operating procedures

establishing OHS record keeping arrangements in accordance with regulatory requirements

developing and implementing procedures to evaluate and review effectiveness of risk control measures

the establishment and maintenance of a system for managing OHS

OHS Duty of Care responsibilities (knowledge of legislation)

And may include:

establishing arrangements to induct, train and provide information on workplace hazards and their control, to all workplace personnel

developing workplace arrangements to consult employees

Legal options for the business structure may include:

company, trust, partnership or sole trader structure or form of business recognised by law. It may be profit or non-profit based

And may be influenced by:

preferences of owners

requirements of financial backers

confidentiality

taxation

superannuation

ownership transfer

partnership considerations

Ownership transfer considerations may include:

ownership transfer may occur as a result of forced business closure, death, divorce, sale of business, buying out other partners, succession planning etc

Legislation, codes and regulatory requirements may include:

local, state, national and international legislation and regulations affecting business operations such as: business registration, planning and other permissions, license to practice, franchising, agencies, licensing eg (Real Estate Agents, Customs Brokers), fire, occupational health and safety and environmental legislation, industrial, taxation including GST, copyright, patent trademark and design regulations, codes of practice, standards and anti-competition/monopoly, anti-trust and consumer legislation, Law of Torts

Legal rights and responsibilities may include:

marketing the business in accordance with consumer legislation

operating the business with a duty of care (Law of Torts)

obligations imposed by choice of business structure

Taxation principles and requirements may include:

tax file number, Australian Business number, GST registration, PAYG and withholding arrangements

relevant taxation requirements/obligations for business

Legal documents may include:

partnership agreements, constitution documents, statutory books for companies (Register of Members, Register of Directors and Minute Books), Certificate of Incorporation, Franchise Agreements and financial documentation, appropriate software for financial records

Recordkeeping may include but is not restricted to:

personnel, financial, taxation, OHS and environmental

OHS recordkeeping may include:

workers compensation and rehabilitation;

hazardous substances register;

material safety data sheets;

manufacturers' and suppliers' information;

OHS audits and inspections;

first aid and medical; accident reports and investigations

plant maintenance and testing;

instruction&training

Insurance requirements may include:

third party bodily injury on motor vehicles

workers compensation

any other insurance cover declared mandatory by State or Federal legislation

Procurement rights to products and services may include:

royalties, copyright, patents, trademarks, registered design and applications, intellectual property, software licenses, franchises, agencies and any form of licensing

Contracts with relevant people may include:

owners, suppliers, employees, landlords, agents, distributors, customers or any person with whom the business has, or seeks to have, a performance-based relationship