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Evidence Guide: FNSACC403 - Make decisions in a legal context

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

 

FNSACC403 - Make decisions in a legal context

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

Examine legal context for financial services work

  1. Identify Australian legal systems and processes
  2. Identify functions of courts and other regulatory bodies
  3. Identify implications of relevant legislation, regulation and legal precedent, and apply in making operational decisions
  4. Seek advice and guidance to evaluate and moderate decision processes
Identify Australian legal systems and processes

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify functions of courts and other regulatory bodies

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify implications of relevant legislation, regulation and legal precedent, and apply in making operational decisions

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Seek advice and guidance to evaluate and moderate decision processes

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Identify compliance requirements

  1. Accurately interpret compliance requirements
  2. Review legislative and regulatory sources of information regularly to identify changes to compliance requirements
Accurately interpret compliance requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Review legislative and regulatory sources of information regularly to identify changes to compliance requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Develop procedures to ensure compliance

  1. Develop procedures in consultation with others to address compliance requirements
  2. Establish timetables to meet compliance requirements to align with statutory deadlines
Develop procedures in consultation with others to address compliance requirements

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Establish timetables to meet compliance requirements to align with statutory deadlines

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Examine legal context for financial services work

1.1 Identify Australian legal systems and processes

1.2 Identify functions of courts and other regulatory bodies

1.3 Identify implications of relevant legislation, regulation and legal precedent, and apply in making operational decisions

1.4 Seek advice and guidance to evaluate and moderate decision processes

2. Identify compliance requirements

2.1 Accurately interpret compliance requirements

2.2 Review legislative and regulatory sources of information regularly to identify changes to compliance requirements

3. Develop procedures to ensure compliance

3.1 Develop procedures in consultation with others to address compliance requirements

3.2 Establish timetables to meet compliance requirements to align with statutory deadlines

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1. Examine legal context for financial services work

1.1 Identify Australian legal systems and processes

1.2 Identify functions of courts and other regulatory bodies

1.3 Identify implications of relevant legislation, regulation and legal precedent, and apply in making operational decisions

1.4 Seek advice and guidance to evaluate and moderate decision processes

2. Identify compliance requirements

2.1 Accurately interpret compliance requirements

2.2 Review legislative and regulatory sources of information regularly to identify changes to compliance requirements

3. Develop procedures to ensure compliance

3.1 Develop procedures in consultation with others to address compliance requirements

3.2 Establish timetables to meet compliance requirements to align with statutory deadlines