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
What evidence can you provide to prove your understanding of each of the following citeria?
Identify assets and liabilities of the intestate estate
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The existence of assets and liabilities of the intestate estate are researched, established and confirmed Completed |
Evidence:
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Accurate valuation is obtained of assets and weighed against liabilities with creditors sought through statutory advertising notices Completed |
Evidence:
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Accurate statements of assets and liabilities are prepared Completed |
Evidence:
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Relevant legal and statutory requirements are considered and adhered to and intestate succession confirmed Completed |
Evidence:
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More complex issues are identified and appropriate action taken based on the administrator's skills and experience Completed |
Evidence:
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Collect and distribute assets
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Beneficiaries are notified in a timely and appropriate manner and advised of any Capital Gains Tax (CGT) implications Completed |
Evidence:
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After death administration liabilities are paid and assets distributed promptly in accordance with relevant laws of the relevant State or Territory Completed |
Evidence:
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Arrangements are made for a tax return to be lodged to date of death Completed |
Evidence:
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Internal audit requirements are completed Completed |
Evidence:
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Finalise the intestate estate
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Final taxation return is prepared for submission to Australian Taxation Office (ATO) Completed |
Evidence:
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If required, fees or commissions are calculated and charged and final distribution cheques and final Statements are prepared and sent to beneficiaries Completed |
Evidence:
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If required, a clearance to Date of Death (DOD) from the ATO office is confirmed Completed |
Evidence:
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