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Evidence Guide: PSPREV003 - Manage information on legal entities, relationships and property

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

 

PSPREV003 - Manage information on legal entities, relationships and property

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

Determine legal entities

  1. Identify types of legal entities and confirm features of each.
  2. Analyse transactions to determine the legal entities involved.
  3. Determine liabilities of legal entities in accordance with the particular transactions.
Identify types of legal entities and confirm features of each.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse transactions to determine the legal entities involved.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine liabilities of legal entities in accordance with the particular transactions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and apply information relating to legal relationships

  1. Identify formation, type and nature of the legal relationshipsinvolved in transactions.
  2. Map interrelationships involved in transactions to guide decision making.
  3. Identify legal responsibilities of particular relationships in accordance with the particular transactions.
  4. Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.
Identify formation, type and nature of the legal relationshipsinvolved in transactions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Map interrelationships involved in transactions to guide decision making.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify legal responsibilities of particular relationships in accordance with the particular transactions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and apply information relating to property and assets of legal entities

  1. Clarify the nature and legal types of property, and the principles relating to them.
  2. Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.
  3. Identify value of property and nature of ownership.
  4. Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.
  5. Map the property and assets of legal entities and examine and record their interrelationships.
  6. Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.
Clarify the nature and legal types of property, and the principles relating to them.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify value of property and nature of ownership.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Map the property and assets of legal entities and examine and record their interrelationships.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine legal entities

  1. Identify types of legal entities and confirm features of each.
  2. Analyse transactions to determine the legal entities involved.
  3. Determine liabilities of legal entities in accordance with the particular transactions.
Identify types of legal entities and confirm features of each.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse transactions to determine the legal entities involved.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine liabilities of legal entities in accordance with the particular transactions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and apply information relating to legal relationships

  1. Identify formation, type and nature of the legal relationshipsinvolved in transactions.
  2. Map interrelationships involved in transactions to guide decision making.
  3. Identify legal responsibilities of particular relationships in accordance with the particular transactions.
  4. Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.
Identify formation, type and nature of the legal relationshipsinvolved in transactions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Map interrelationships involved in transactions to guide decision making.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify legal responsibilities of particular relationships in accordance with the particular transactions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and apply information relating to property and assets of legal entities

  1. Clarify the nature and legal types of property, and the principles relating to them.
  2. Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.
  3. Identify value of property and nature of ownership.
  4. Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.
  5. Map the property and assets of legal entities and examine and record their interrelationships.
  6. Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.
Clarify the nature and legal types of property, and the principles relating to them.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify value of property and nature of ownership.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Map the property and assets of legal entities and examine and record their interrelationships.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Determine legal entities

1.1 Identify types of legal entities and confirm features of each.

1.2 Analyse transactions to determine the legal entities involved.

1.3 Determine liabilities of legal entities in accordance with the particular transactions.

2. Identify and apply information relating to legal relationships

2.1 Identify formation, type and nature of the legal relationshipsinvolved in transactions.

2.2 Map interrelationships involved in transactions to guide decision making.

2.3 Identify legal responsibilities of particular relationships in accordance with the particular transactions.

2.4 Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.

3. Identify and apply information relating to property and assets of legal entities

3.1 Clarify the nature and legal types of property, and the principles relating to them.

3.2 Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.

3.3 Identify value of property and nature of ownership.

3.4 Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.

3.5 Map the property and assets of legal entities and examine and record their interrelationships.

3.6 Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Determine legal entities

1.1 Identify types of legal entities and confirm features of each.

1.2 Analyse transactions to determine the legal entities involved.

1.3 Determine liabilities of legal entities in accordance with the particular transactions.

2. Identify and apply information relating to legal relationships

2.1 Identify formation, type and nature of the legal relationshipsinvolved in transactions.

2.2 Map interrelationships involved in transactions to guide decision making.

2.3 Identify legal responsibilities of particular relationships in accordance with the particular transactions.

2.4 Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.

3. Identify and apply information relating to property and assets of legal entities

3.1 Clarify the nature and legal types of property, and the principles relating to them.

3.2 Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.

3.3 Identify value of property and nature of ownership.

3.4 Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.

3.5 Map the property and assets of legal entities and examine and record their interrelationships.

3.6 Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

reading and analysing complex and formal documents, including contracts, legislation and related materials, to assist in decision-making

explaining differences between different legal entities and impact of those differences on the determination of a tax or duty liability

communicating with others involving exchanges of complex information when determining legal entities, relationships and property ownership

using technology to conduct research, make enquiries, review available data, access legislative requirements and record outcomes

applying environmental and work health and safety procedures to administrative work and when dealing with customers

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

general features and underlying principles of legal entities and legal relationships

fundamental nature of property and principles relating to personal or real property, leases, licences and assignment of property

mortgages, easements, charges, memorials and restrictive covenants

sources of property law

features of a partnership

business processes