Public Sector - Draft 2

PSPREV003 Manage information on legal entities, relationships and property_validation

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Unit application and prerequisites

UNIT CODE

PSPREV003

UNIT TITLE

Manage information on legal entities, relationships and property

APPLICATION

This unit describes the performance outcomes, skills and knowledge required to apply the legal principles that apply to legal entities, relationships and property.

 

This unit applies to those working to manage information regarding legal entities and their relationships and assets.

 

Those undertaking this unit would work independently, performing complex tasks in a familiar context.

 

The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.

 

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

PREREQUISITE UNIT

Nil

COMPETENCY FIELD

Revenue administration

UNIT SECTOR

 

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Elements and performance criteria

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

  1. Determine legal entities
    1. Identify types of legal entities and confirm features of each.
    2. Analyse transactions to determine the legal entities involved.
    3. Determine liabilities of legal entities in accordance with the particular transactions.
  1. Identify and apply information relating to legal relationships
    1. Identify formation, type and nature of the legal relationships involved in transactions.
    2. Map interrelationships involved in transactions to guide decision making.
    3. Identify legal responsibilities of particular relationships in accordance with the particular transactions.
    4. Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.
  1. Identify and apply information relating to property and assets of legal entities
    1. Clarify the nature and legal types of property, and the principles relating to them.
    2. Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.
    3. Identify value of property and nature of ownership.
    4. Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.
    5. Map the property and assets of legal entities and examine and record their interrelationships.
    6. Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.

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Foundation skills

FOUNDATION SKILLS

Foundation skills essential to performance in this unit, but not explicit in the performance criteria are listed here, along with a brief context statement.

SKILLS

DESCRIPTION

UNIT MAPPING INFORMATION

Release 1: Supersedes and is equivalent to PSPREV003 Manage information on legal entities, relationships and property.

LINKS

Companion Volume Implementation Guide

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Performance evidence

TITLE

Assessment Requirements for PSPREV003 Manage information on legal entities, relationships and property

PERFORMANCE EVIDENCE

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and on at least one occasion:

  • read and analyse complex and formal documents, including contracts, legislation and related materials, to assist in decision-making
  • communicate with others involving exchanges of complex information when determining legal entities, relationships and property ownership
  • use technology to conduct research, make enquiries, review available data, access legislative requirements and record outcomes.

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Knowledge evidence

KNOWLEDGE EVIDENCE

 

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

  • general features and underlying principles of legal entities and legal relationships
  • fundamental nature of property and principles relating to personal or real property, leases, licences and assignment of property
  • mortgages, easements, charges, memorials and restrictive covenants
  • sources of property law
  • features of a partnership
  • business processes.

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Assessment conditions

ASSESSMENT CONDITIONS

Skills must be demonstrated in either a:

  • workplace environment or
  • simulated environment.

 

Simulated assessment environments must simulate the real-life working environment where the skills and knowledge within this unit would be utilised, with all the relevant equipment and resources of that working environment.

 

Assessment must ensure access to:

  • examples of legal entity, relationship and property issues
  • government legislation, regulations, rulings, Commissioner's practices and other applicable case law that refer to legal entity, relationship and property issues
  • organisational procedures and protocols
  • scenarios and case studies to capture the range of situations likely to be encountered when dealing with legal entity, relationship and property issues
  • access to relevant systems.

 

Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.

LINKS

Companion Volume Implementation Guide

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