Elements and Performance Criteria
- Research compliance requirements of new business venture
- Identify regulatory, taxation and insurance requirements relevant to new business venture
- Access information that assists in interpreting and explaining identified compliance requirements
- Research relationships between legislation, regulations, codes of practice, associated standards and accessed information to determine compliance requirements of the business venture
- Seek specialist advice on compliance and risk minimisation
- Identify sources of specialist advice and services relevant to identified compliance requirements and business venture profile
- Select and access identified specialist advice and services according to business needs, available resources, and workplace procedures
- Clarify and confirm compliance requirements and their appropriateness for business, and risk minimisation needs with advisors
- Review and document advice and procedures
- Take action to support business compliance