Unit of competency
Modification History
Release 1. This is the first release of this unit of competency in the DEF Defence Training Package. |
Application
This unit describes the skills required to provide specialist policy advice. This unit applies to those working in the public sector Finance Domain who would be required to undertake financial management activities as part of their duties. The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to financial management activities. Those undertaking this unit would be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform complex tasks in familiar contexts. No licensing, legislative or certification requirements apply to this unit at the time of publication. |
Pre-requisite Unit
Not applicable. |
Competency Field
Financial Management |
Unit Sector
Not applicable. |
Elements and Performance Criteria
ELEMENTS |
PERFORMANCE CRITERIA |
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Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
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1 |
Interpret financial policy |
1.1 |
Receive requests for advice and research relevant policy |
1.2 |
Analyse policy and provide interpretations on its intent and implications |
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1.3 |
Develop interpretive advice on the relevant Acts, regulations, procedures, codes of practice, standards and guidelines |
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2 |
Advise on policy |
2.1 |
Provide written interpretations that are supported by defensible evidence and reflect consideration of their intended use and consequences |
2.2 |
Communicate policy advice in a manner that addresses the requirements of users |
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2.3 |
Record policy advice for future reference |
Foundation Skills
Foundation skills essential to performance are explicit in the performance criteria of this unit of competency. |
Range of Conditions
Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide. |
Unit Mapping Information
No equivalent unit. |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=6bdbab1e-11ed-4bc9-9cba-9e1a55d4e4a9