Unit of competency details

BSBLEG513 - Apply legal principles in corporation law matters (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBLEG513A - Apply legal principles in corporation law mattersUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 090901 Business And Commercial Law  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 090901 Business And Commercial Law  30/Jul/2015 
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Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

This unit describes the skills and knowledge required to establish business structures and prepare associated documentation within corporation law frameworks.

It applies to individuals who work under supervision and evaluate information from a variety of sources to complete and despatch required information.

Its application in the workplace is determined by the job role of the individual and legislation, rules, regulations and codes of practice relevant to different jurisdictions.

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

Unit Sector

Administration Legal Services Administration

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. Identify laws and principles of corporation law

1.1 Source knowledge of corporation law and related legislation

1.2 Identify different types of business structures and clearly outline their structure, personnel, legal obligations, establishment procedures and purpose

1.3 Identify differences between proprietary companies and public companies, and clearly outline the legal obligations, criteria and purpose of each

2. Enhance professional practice through application of relevant corporation law principles to business structures

2.1 Identify consequences of incorporation

2.2 Identify structure, contents and purposes of an organisation s memorandum of association and articles of association

2.3 Identify other specific activities relevant to corporation law

3. Undertake administrative tasks associated with corporation law

3.1 Prepare forms, documents and annexures at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department

3.2 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties

3.3 Provide assistance in preparing company prospectus where required

3.4 Arrange meetings as necessary to discuss nature of debenture and assets underwriting the charge

3.5 Undertake appropriate searches and obtain search documents from relevant agencies

3.6 Prepare forms and documents related to administration of charges at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department

3.7 Determine types of costs for legal services in accordance with legislative and regulatory requirements

3.8 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance Criteria 

Description 

Reading

1.1-1.3, 2.1-2.3, 3.5, 3.7

  • Gathers, interprets and analyses complex textual information from a range of sources and identifies relevant and key information
  • Checks documents for accuracy and clarity of meaning

Writing

1.2, 1.3, 3.1, 3.3, 3.5, 3.6, 3.8

  • Uses clear, accurate and relevant language to record information and to complete workplace documentation

Oral Communication

3.3, 3.4, 3.8

  • Participates effectively in spoken interactions using appropriate language and features for each audience and situation
  • Uses active listening and questioning techniques to confirm and clarify understanding

Numeracy

3.7

  • Interprets numerical information to determine costs

Navigate the world of work

1.2, 1.3, 2.1-2.3, 3.7

  • Identifies implications of law to organisational policies and procedures
  • Keeps up-to-date with relevant legislation or regulations and considers these when planning and undertaking work

Interact with others

3.1-3.3

  • Selects appropriate form, channel and mode of communication for a specific purpose relevant to own role
  • Assists others as part of familiar workplace activities

Get the work done

1.1-1.3, 2.1-2.3, 3.3-3.6, 3.8

  • Plans, organises and implements work activities that comply with organisational and legislative requirements, including timelines
  • Evaluates information to decide on relevance to organisation

Unit Mapping Information

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBLEG513 Apply legal principles in corporation law matters

BSBLEG513A Apply legal principles in corporation law matters

Updated to meet Standards for Training Packages

Equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.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 1.0.

Performance Evidence

Evidence of the ability to:

  • prepare and lodge accurate and appropriate documentation at required stages of legal process
  • conduct all duties according to legislative and organisational requirements
  • provide assistance to others to achieve joint outcomes when necessary.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • outline scope of job role in the context of relevant legislation, regulations and codes of practice
  • explain relevant court processes
  • summarise current corporation law principles
  • outline legal processes required in this role
  • outline documentation required in corporation law matters
  • discuss organisation s required policies and procedures pertinent to this role.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the legal services administration field of work and include access to:

  • appropriate legislation and regulations relevant to corporation law and common legal matters
  • workplace policies and procedures and reference materials
  • background information on courts, their jurisdiction and behavioural requirements
  • office equipment and resources.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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