Unit of competency details

BSBIPR501A - Manage intellectual property to protect and grow business (Release 1)


ReleaseStatusRelease date
1 1 (this release)Current 10/Mar/2009

Usage recommendation:
Is superseded by and equivalent to BSBIPR501 - Manage intellectual property to protect and grow businessUpdated to meet Standards for Training Packages Minor edits to clarify the intent of Performance Criteria 24/Mar/2015

Training packages that include this unit

CodeTitleSort Table listing Training packages that include this unit by the Title columnRelease
SIT12 - Tourism, Travel and Hospitality Training PackageTourism, Travel and Hospitality Training Package 1.0-2.0 
MEM05 - Metal and Engineering Training PackageMetal and Engineering Training Package 5.0-11.1 
CUV11 - Visual Arts, Crafts and Design Training PackageVisual Arts, Crafts and Design Training Package 1.0 
CUV - Arts and Culture Training PackageArts and Culture Training Package 1.0 
CUE03 - Entertainment Training PackageEntertainment Training Package 3.1-3.2 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 1.0 
BSB07 - Business Services Training PackageBusiness Services Training Package 5.0-9.0 

Qualifications that include this unit

CodeTitleSort Table listing Qualifications that include this unit by the Title columnRelease
SIT60212 - Advanced Diploma of EventsAdvanced Diploma of Events 1-3 
MEM60211 - Advanced Diploma of Jewellery and Object DesignAdvanced Diploma of Jewellery and Object Design 1-4 
MEM50311 - Diploma of Jewellery and Object DesignDiploma of Jewellery and Object Design 1-5 
CUV60411 - Advanced Diploma of Graphic DesignAdvanced Diploma of Graphic Design 
CUV60211 - Advanced Diploma of Visual ArtsAdvanced Diploma of Visual Arts 
CUV50613 - Diploma of Aboriginal and Torres Strait Islander Visual Arts Industry WorkDiploma of Aboriginal and Torres Strait Islander Visual Arts Industry Work 
CUV50211 - Diploma of CeramicsDiploma of Ceramics 
CUV50111 - Diploma of Visual ArtsDiploma of Visual Arts 
CUE60403 - Advanced Diploma of Venues and EventsAdvanced Diploma of Venues and Events 1-2 
CUE60203 - Advanced Diploma of Live Production, Theatre and Events (Technical Production)Advanced Diploma of Live Production, Theatre and Events (Technical Production) 1-2 
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SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080315 Project Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080315 Project Management  10/Mar/2009 
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Modification History

Not applicable.

Unit Descriptor

Unit descriptor 

This unit describes the performance outcomes, skills and knowledge required to protect, secure and effectively use intangible assets of value to an organisation. It focuses on establishing and maintaining systems to protect and exploit an organisation's intellectual property to ensure business growth.

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

Application of the Unit

Application of the unit 

This unit applies to managers or coordinators who take an active role in recognising, securing and commercialising intangible assets which contribute to the organisation's profitability, productivity, product or service delivery, and market leadership. These managers and coordinators may work in a range of industry or other contexts and may have responsibility for managing people, systems or processes.

Licensing/Regulatory Information

Not applicable.


Prerequisite units 

Employability Skills Information

Employability skills 

This unit contains employability skills.

Elements and Performance Criteria Pre-Content

Elements describe the essential outcomes of a unit of competency.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.

Elements and Performance Criteria



1. Identify the organisation's intellectual property assets and rights

1.1. Identify the intangible assets  residing within the organisation and how they can be protected

1.2. Identify the sections of the organisation  in which intellectual property  is created, procured or transferred and for which management is required

1.3. Research intellectual property rights  appropriate to the organisation according to legislative requirements 

1.4. Identify and access sources of information and advice  for protection of the organisation's intellectual property

1.5. Conduct a cost-benefit analysis of protecting intellectual property and determine risks

1.6. Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required

2. Create a strategy to manage the organisation's intellectual property

2.1. Review or create an organisational strategy, and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation's business strategy

2.2. Plan and implement an intellectual property audit  and establish or review the value and use of the organisation's intangible assets  inventory

2.3. Plan and make recommendations for implementation of a strategy for business growth through use of organisation's intellectual property

2.4. Plan and implement strategies  to ensure employees, partners and contractors protect the organisation's and others' intangible assets

2.5. Establish or review procedures to securely record and store documentation  related to the organisation's intangible assets

3. Monitor and maintain organisational strategies for the protection and use of intellectual property

3.1. Monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property regularly to ensure they are working effectively, and make changes if required

3.2. Manage the identification of potential infringement  of organisation's intellectual property rights, and ensure appropriate action is taken

3.3. Promote a culture of compliance  and respect for other organisations' and individuals' intellectual property rights

4. Manage the commercialisation of the organisation's intellectual property to ensure business growth

4.1. Research the role intellectual property will play in the strategic plans of the organisation

4.2. Contribute to the implementation of the commercialisation  of the organisation's intellectual property

4.3. Manage the review of the activities of existing or potential competitors and assess their impact on the organisation's intangible assets

4.4. Access and effectively use others' intellectual property within legal guidelines for business advantage

Required Skills and Knowledge


This section describes the skills and knowledge required for this unit.

Required skills 

  • communication and analytical skills to conduct audits and make recommendations for compliance and commercialisation of intellectual property
  • interpersonal skills to foster a positive culture of compliance within the organisation
  • marketing skills to contribute to the commercialisation of the organisation's intellectual property
  • problem solving skills to address intellectual property compliance issues
  • research skills to find and interpret relevant legislation in relation to the particular types of intellectual property

Required knowledge 

  • types of intellectual property protection and time restraints on protection
  • relevant legislation and regulations relating to intellectual property rights
  • potential sources of information and advice about intellectual property
  • business and marketing advantages of intellectual property protection
  • strategic and business planning
  • options for commercialisation

Evidence Guide


The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment 

Critical aspects for assessment and evidence required to demonstrate competency in this unit 

Evidence of the following is essential:

  • identification of the types of intellectual property within the organisation and the relevant legislation protecting them
  • establishment or review of strategies, policies and procedures for the management and use of own and others' intellectual property
  • identification of commercialisation potential of an organisation's intellectual property

Context of and specific resources for assessment 

Assessment must ensure:

  • access to relevant organisational strategies, policies and procedures; or access to information to allow for the design of these policies and procedures
  • access to relevant legislation and regulations as they relate to intellectual property
  • access to appropriate computer resources for online search and report preparation

Method of assessment 

A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:

  • analysis of data collected on intangible assets and their compliance requirements within an organisation
  • direct questioning combined with review of portfolio of evidence and third party workplace reports of on-the-job performance by the candidate, to demonstrate the establishment of strategies, policies and procedures to manage an organisation's intellectual property
  • third party reports to demonstrate how the candidate promoted a culture of respect for the intellectual property of others
  • presentation to appropriate personnel on the commercialisation of a range of intellectual property within the organisation
  • oral or written questioning about relevant legislation as it relates to the organisation's intellectual property

Guidance information for assessment 

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

  • BSBRSK501A Manage risk
  • other management units from BSB07

Range Statement


The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Intangible assets  may include:

  • brand
  • business name
  • customer/client list
  • computer systems software
  • confidential information
  • copyrights
  • core technology
  • database/customer list
  • design
  • distribution agreements
  • domain name
  • employees' specialist knowledge
  • goodwill
  • ideas
  • innovation
  • invention
  • logo
  • packaging
  • patent
  • practical application of a good idea
  • process
  • product
  • promotional materials
  • secret recipe, process, formula
  • standard of service/unique service technique
  • trade mark
  • trade secret
  • training manuals

Sections of the organisation  may include:

  • any section of the organisation that creates products or services that may be protected by intellectual property rights, or that is responsible for the management of intellectual property, including:
  • design department
  • marketing department
  • research and development department
  • product development group
  • human resource department
  • production, administration or service delivery
  • legal services unit

Intellectual property  refers to:

  • the output of the mind or intellect rather than tangible objects. It includes:
  • copyright
  • trade marks
  • patents
  • designs
  • plant breeder's rights
  • circuit layout rights
  • confidential information/trade secrets

Intellectual property rights  may refer to:

  • the exclusive rights associated with the relevant intangible asset
  • the right to prevent use by others of the intangible asset

Legislative requirements  may include:

  • Business Names legislation
  • Copyright Act 1968
  • Designs Act 2003
  • Patents Act 1990
  • Trade Marks Act 1995
  • Trade Practices Act 1974 and State/Territory fair trading legislation

Sources of information and advice  may include:

  • IP Australia
  • Attorney-General's Department
  • Australian Copyright Council
  • State and Commonwealth government agencies
  • lawyers specialising in intellectual property
  • trade mark attorneys and patent attorneys
  • accountants
  • business advisors
  • marketing consultants
  • branding consultants
  • copyright collecting societies, e.g. CAL, PPCA, MIPI, APRA, AMCOS
  • publications
  • websites, Internet
  • databases, e.g. local and international trade mark databases

Intellectual property audit  may involve:

  • a systematic review of the intellectual property owned, used or acquired by a person or organisation, including:
  • products or services that are key to the organisation
  • intangible assets and the legal rights that constitute them in relation to the goods or services
  • what market advantage these rights give the organisation
  • rights under which the organisation uses intellectual property
  • gaps or weaknesses in the organisation's intellectual property and rights
  • the valuation and recording of such intangible assets in accordance with accepted accounting standards

Intangible assets  refer to:

  • registered forms of intellectual property, such as patents and trade marks
  • unregistrable forms of intellectual property, such as copyright, client lists, know how, staff and training programs

Strategies  may include:

  • preparation of employer, contractor and supplier contracts which protect the organisation's intellectual property, so that:
  • the organisation's intellectual property is not introduced into other organisations
  • ownership of the intellectual property is established, e.g. external contractors designing training materials for an organisation
  • licensing, assignment or transfer of the organisation's intellectual property to other parties for the benefit of the organisation or its stakeholders
  • conducting appropriate clearance searches and investigations

Documentation  may include:

  • deeds
  • registration certificates
  • licence agreements
  • contract and end user licence agreements
  • employment contracts

Infringement  occurs when:

  • someone consciously or inadvertently uses another party's intellectual property without their permission

Compliance  is important to:

  • identify and where necessary take action to prevent breaches of laws and regulations in relation to intellectual property, to:
  • avoid costly legal decisions
  • be a good corporate citizen

Commercialisation  may include:

  • utilising intellectual property with the aim of producing financial or other commercial gain, and/or public benefit, including:
  • adapting
  • applying
  • assigning
  • copying
  • developing
  • licensing
  • making
  • publishing
  • selling
  • using

Unit Sector(s)

Unit sector 

Competency field

Competency field 

Regulation, Licensing and Risk - Intellectual Property

Co-requisite units

Co-requisite units 

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