List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Plan and prepare procedures | 1.1 Interpret and confirm client’s written instructions 1.2 Identify relevant legal and procedural issues for consideration and action in accordance with legislative requirements and organisational policy and procedures 1.3 Check all appropriate mercantile data for relevant information to determine subject’s whereabouts and credit history 1.4 Develop appropriate plan for contact, with most appropriate means of communication selected |
2. Negotiate debt payment and settlements | 2.1 Establish contact and build rapport with subject, using most appropriate means of communication 2.2 Propose and negotiate debt payment and settlements with subject, according to organisational policy and procedures, and client needs 2.3 Discuss outcomes with management, when required, and document recommendations clearly and concisely providing reasons for proceeding, not proceeding or strategies for taking further action with debt payment and settlements |
3. Present recommendations to client and implement | 3.1 Present documented recommendations to client and obtain agreement on how to proceed 3.2 Initiate legal process, when appropriate, in line with client needs and legal requirements, and progress in accordance with court requirements 3.2 Complete necessary supporting documents correctly and in line with court requirements |
Evidence of the ability to:
interpret and comply with legislative requirements, industry code of conduct and regulations, and organisational policy and procedures in the credit management and mercantile agents field
identify appropriate mercantile data for relevant information for locating subjects and credit history
develop a contact plan
negotiate effectively with debtors to come to a satisfactory agreement to repay, wherever possible
complete relevant documentation in accordance with legal, industry and organisational requirements and guidelines
present and explain documentation to clients, verifying recommendations to gain their agreement.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
describe key features of relevant:
state or territory and Commonwealth legislation relating to debt collection
regulatory authorities
court jurisdictions
appeal procedures
outline the organisational policy and procedures and legal obligations underpinning credit management functions and their relationship to mercantile agents
outline the business principles, financial arrangements and legal obligations of:
sole traders
partnerships
companies
describe the role of the Australian Securities and Investments Commission (ASIC) in relation to:
businesses
principles of limited liability
insolvency and bankruptcy
principles of association under the Associations Reform Incorporation Act
principles and obligations of trusts
costing of contracts
outline and explain securities loans and principles:
factoring
guarantees
indemnity
securities over property
retention of title
liens.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the mercantile agents field of work and include access to:
office equipment, technology, software and consumables
relevant legislation and industry codes of practice in the mercantile agent field.
Assessors must satisfy NVR/AQTF assessor requirements.