Modification History
Not applicable.
Unit Descriptor
Unit descriptor |
This unit describes the performance outcomes, skills and knowledge required to negotiate and distribute royalty and other income due to artists. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. |
Application of the Unit
Application of the unit |
Employees of record companies, artist managers and, at times, artists apply the skills and knowledge outlined in this unit. They are responsible for negotiating financial agreements with artists about recording their performances for distribution through a range of physical and digital outlets. These agreements may also include subsidiary products, such as merchandise or the right of third parties to associate their brands with artists. Skills associated with administering royalty income to songwriters and composers for the use of their music are covered in:
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Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Prerequisite units |
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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
ELEMENT |
PERFORMANCE CRITERIA |
Clarify terms and conditions of agreements with artists |
1. Identify products and rights to be covered in agreements with artists 2. Calculate income in line with contractual arrangements 3. Negotiate and confirm royalties arising from the reproduction of artists' recordings 4. Ensure royalty negotiations accurately and fairly reflect the commercial stature of artists 5. Discuss, confirm and document terms and conditions to be included in agreements with artists 6. Ensure commercial interests of artists and any third parties are balanced and clearly articulated 7. Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions |
Disperse income and maintain financial records |
8. Use relevant software to calculate royalties and income in line with agreements 9. Distribute income to artists in line with agreements 10. Update files systematically to ensure currency and accuracy of records and reporting 11. Ensure that discrepancies in payments or queries are identified, resolved or referred to relevant personnel |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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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. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the ability to:
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Context of and specific resources for assessment |
Assessment must ensure:
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Method of assessment |
The following assessment methods are appropriate for this unit:
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Guidance information for assessment |
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
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Range Statement
RANGE STATEMENT |
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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. |
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Products may include: |
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Rights may include: |
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Artists may include: |
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Income may include: |
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Recordings may include: |
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Terms and conditions may include: |
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Agreements may cover: |
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Relevant personnel may include: |
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Unit Sector(s)
Unit sector |
Competency field
Competency field |
Management and leadership - management |
Co-requisite units
Co-requisite units |
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