Assessment Requirements for FNSACC413 Make decisions in a legal context

Release: 1

Assessment Requirements for FNSACC413 Make decisions in a legal context

Modification History

Release	Comments
Release 1	This version first released with FNS Financial Services Training Package Version 3.0.

Performance Evidence

Evidence of the ability to:

access information on legislation, statutes, regulations, and legal precedents related to operational decisions

interpret impact of legislation, statutes, regulations and legal precedents on operational decisions regarding compliance requirements

review, and assist in developing, organisational procedures to meet compliance requirements.

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

Knowledge Evidence

The candidate must be able to demonstrate the following knowledge to effectively complete the tasks outlined in the elements and performance criteria of this unit, and to manage tasks and reasonably foreseeable contingencies in the context of the work role.

Key features of Australian legal systems and processes, and the context in which they operate, including:

basic principles, current statute and common law

roles and responsibilities of key organisations

constitutional considerations

separation of powers

basic principles of the law of torts, particularly relating to:

negligence

negligent misstatement

courts and regulatory bodies

Key features of current legislation and its general impact on business operations in the areas of:

consumer law

contract law

corporations law, including different business organisational structures and regulations for:

public and private companies

trusts

partnerships

sole traders

property law

superannuation law

taxation law

Key decisions in case law and findings

Assessment Conditions

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

office equipment, technology, software and consumables required to access information on Australian legal systems and processes, including:

access to the internet

legislative and regulatory documentation required for decision making in own role.

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

Links

Companion volumes are available from VETNet. - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe