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Unit of competency details

BSBAUD514 - Interpret compliance requirements (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBCOM501 - Identify and interpret compliance requirements 18/Oct/2020
Supersedes BSBCOM601 - Research compliance requirements and issues 18/Oct/2020

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 19/Oct/2020

Companion volumes:
Unit of competency Assessment requirements

Delivery:
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Training packages that include this unit

CodeSort Table listing Training packages that include this unit by the Code columnTitleSort Table listing Training packages that include this unit by the Title columnRelease
TAE - Training and Education Training PackageTraining and Education Training Package 5.0 
FNS - Financial Services Training PackageFinancial Services Training Package 5.0-8.2 
TLI - Transport and Logistics Training PackageTransport and Logistics Training Package 9.0-14.0 
DEF - Defence Training PackageDefence Training Package 3.0-5.2 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 5.0-6.0 
AMP - Australian Meat Processing Training PackageAustralian Meat Processing Training Package 5.0-8.0 
BSB - Business Services Training PackageBusiness Services Training Package 7.0-8.0 

Qualifications that include this unit

CodeSort Table listing Qualifications that include this unit by the Code columnTitleSort Table listing Qualifications that include this unit by the Title columnUsage RecommendationRelease
FNS60920 - Advanced Diploma of ParaplanningAdvanced Diploma of ParaplanningCurrent1-2 
FNS60822 - Advanced Diploma of Integrated Risk ManagementAdvanced Diploma of Integrated Risk ManagementCurrent1-2 
AMP80115 - Graduate Certificate in AgribusinessGraduate Certificate in AgribusinessCurrent5 
AMP50221 - Diploma of Meat ProcessingDiploma of Meat ProcessingCurrent1 
TLI50420 - Diploma of Materiel LogisticsDiploma of Materiel LogisticsSuperseded1 
CUA60220 - Advanced Diploma of Live Production and Management ServicesAdvanced Diploma of Live Production and Management ServicesCurrent1-3 
CUA50420 - Diploma of Live Production and Technical ServicesDiploma of Live Production and Technical ServicesCurrent1-2 
DEF50722 - Diploma of Range Control and ManagementDiploma of Range Control and ManagementCurrent1 
TLI60122 - Advanced Diploma of Materiel LogisticsAdvanced Diploma of Materiel LogisticsCurrent1 
BSB50120 - Diploma of BusinessDiploma of BusinessCurrent1 
CUA50920 - Diploma of Photography and Digital ImagingDiploma of Photography and Digital ImagingCurrent1-2 
TAE50122 - Diploma of Vocational Education and TrainingDiploma of Vocational Education and TrainingCurrent1 
DEF50717 - Diploma of Range Control and ManagementDiploma of Range Control and ManagementSuperseded2 
BSB50920 - Diploma of Quality AuditingDiploma of Quality AuditingCurrent1-2 
FNS51822 - Diploma of Financial ServicesDiploma of Financial ServicesCurrent1 
AMP80215 - Graduate Diploma of AgribusinessGraduate Diploma of AgribusinessCurrent5-6 
BSB50820 - Diploma of Project ManagementDiploma of Project ManagementCurrent1 
DEF50317 - Diploma of ComplianceDiploma of ComplianceCurrent2 
FNS52022 - Diploma of Personal TrustsDiploma of Personal TrustsCurrent1 
TLI50221 - Diploma of LogisticsDiploma of LogisticsCurrent1-3 
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Skill sets that include this unit

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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 091103 Legal Studies  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 091103 Legal Studies  17/Dec/2020 
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Unit of competency

Modification History

Release  

Comments  

Release 1

This version first released with BSB Business Services Training Package Version 7.0.

Application

This unit describes the skills and knowledge required to identify and interpret the range of internal and external compliance requirements and obligations that must be fulfilled by an organisation or work area.

The unit applies to individuals who use their knowledge of compliance and skills in identifying compliance requirements to plan, carry out and evaluate their own work and/or the work of a team.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.

Unit Sector

Technical Skills – Audit and Compliance

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Clarify the scope of operations

1.1 Analyse organisational operations and identify the functions, products and services that may be subject to compliance requirements

1.2 Develop and document plan for determining relevant compliance requirements

1.3 Obtain approval of plans from relevant stakeholders

2. Identify compliance requirements

2.1 Research information on compliance requirements relevant to the organisation

2.2 Analyse and document information from search according to organisational requirements

2.3 Organise and store collected information on relevant compliance requirements according to organisation policies and procedures

3. Interpret and prioritise compliance requirements

3.1 Discuss and clarify with relevant stakeholders ambiguities and issues experienced in interpreting identified compliance information

3.2 Prioritise compliance requirements according to organisational requirements

4. Document compliance requirements

4.1 Organise and document outcomes of the identification and interpretation activities

4.2 Prepare and distribute reports of compliance requirements and assessment of implications to relevant stakeholders

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential to performance but not explicit in the performance criteria.

Skill 

Description 

Reading
  • Identifies, interprets, analyses and reviews complex texts from various sources to determine compliance requirements

Writing
  • Collates and compiles results of research and analysis using technical language and organisational formats
  • Develops materials to convey information, requirements and recommendations using language and structure appropriate to the audience

Oral Communication
  • Uses appropriate techniques, including active listening and questioning, to seek approvals and to confirm understanding

Self-management
  • Takes responsibility for following policies, procedures and legislative requirements

Technology
  • Uses digital tools and systems to locate, organise and share information in effective ways

Unit Mapping Information

Supersedes and is equivalent to BSBCOM501 Identify and interpret compliance requirements.

Supersedes but is not equivalent to BSBCOM601 Research compliance requirements and issues.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

 

Assessment requirements

Modification History

Release  

Comments  

Release 1

This version first released with BSB Business Services Training Package Version 7.0.

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

  • analyse operations of an organisation or work area, identify areas subject to compliance requirements and report findings, on at least three occasions.

In the course of the above, the candidate must:

  • interpret and analyse information from standards, legislation, regulations, industry and organisational codes of practice and determine their relevance to compliance in the organisation
  • document and store the outcomes of identification and interpretation activities related to the organisation’s compliance requirements
  • report on adherence to key compliance requirements and the implications of these for the organisation or work area.

Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

  • standards, legislation, and codes relevant to compliance requirements
  • key sources of information relevant to organisational compliance requirements
  • compliance requirements relevant to the operations of organisation or work area.

Assessment Conditions

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

  • standards, legislation, codes relevant to compliance requirements
  • resources for conducting digital searches.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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