Comply with regulatory, taxation and insurance requirements for the micro business

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver BSBSMB305A, 'Comply with regulatory, taxation and insurance requirements for the micro business'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Comply with regulatory, taxation and insurance requirements for the micro business' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Identify the regulatory, taxation and insurance requirements of the business

1.1. Identify regulatory, taxation and insurance requirements that might be relevant to the operation of the business

1.2. Gather information that assists in interpreting and explaining the regulatory, taxation and insurance requirements

1.3. Investigate the relationships between legislation, regulations, codes of practice, associated standards and written material to determine compliance requirements of the business

2. Develop procedures to ensure compliance and risk minimisation

2.1. Identify business advisers and other sources of assistance relevant to compliance requirements and type of business

2.2. Explain to advisers business type and operations, covering the full scope of the business

2.3. Clarify and confirm compliance requirements and risk minimisation needs with advisers

2.4. Establish sources of advice and specialist services for regulatory, taxation and insurance compliance

2.5. Review advice and procedures against the compliance requirements and their appropriateness for the business

3. Implement compliance procedures

3.1. Implement procedures within the guidelines provided

3.2. Take action to ensure that the business complies with the relevant taxation and business registration requirements, legislation, regulations, codes of practice and associated standards

3.3. Arrange appropriate insurance cover for the business

Qualifications and Skillsets

BSBSMB305A appears in the following qualifications:

  • ICT20310 - Certificate II in Telecommunications Cabling
  • ICT30110 - Certificate III in Broadband and Wireless Networks Technology
  • ICT30510 - Certificate III in Telecommunications Rigging Installation
  • ICT30310 - Certificate III in Telecommunications Cabling
  • ICT30210 - Certificate III in Telecommunications
  • ICT30610 - Certificate III in Broadband and Wireless Networks
  • ICT20410 - Certificate II in Telecommunications Digital Reception Technology
  • ICT30410 - Certificate III in Telecommunications Digital Reception Technology
  • BSB30307 - Certificate III in Micro Business Operations
  • BSB40907 - Certificate IV in Governance
  • CHC42608 - Certificate IV in Celebrancy
  • CUS30109 - Certificate III in Music
  • CUS30309 - Certificate III in Music Business
  • CUS30209 - Certificate III in Technical Production
  • RGR40408 - Certificate IV in Racing (Greyhound Trainer)
  • RGR40108 - Certificate IV in Racing (Racehorse Trainer)