Release 

Comments 

Release 1

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

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

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

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

Release 

Comments 

Release 1

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