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Elements and Performance Criteria

  1. Interpret and comply with legislative, financial and procedural requirements.
  2. Interpret and comply with ethical practices and rules of conduct.
  3. Interpret work role and responsibilities.
  4. Identify risks.
  5. Complete standard contractual documentation.
  6. Access information on industry employment and professional development requirements.

Range Statement

This section specifies work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included. Bold italicised wording, if used in the performance criteria, is detailed below.

Legislative, financial and procedural requirements must include two or more of the following:

Australian Securities and Investments Commission, Australian Competition and Consumer Commission, and Foreign Investment Review Board requirements

Australian standards relating to working in the property industry

federal and state taxation requirements

consumer protection laws and guidelines

court and tribunal precedents

environmental and zoning laws affecting access security, access and property use

freedom of information

home building requirements

licensing requirements

privacy and confidentiality requirements and laws applying to owners, contractors and tenants

public health requirements relating to working in the property industry

quality assurance and certification requirements

federal, and state or territory legislation and regulations affecting organisational operation, including:

anti-discrimination

environmental issues

equal employment opportunity (EEO)

industrial relations

work health and safety (WHS)

industry codes of conduct relating to own role, which may cover areas including market sector, financial transactions, taxation, environment, construction, land use, native title, zoning, utility use (water, gas and electricity), and contract or common law

local government policies and regulations relating to own role

strata, community and company titles

tenancy agreements.

Risks must include:

changes to regulations and legislation

client and staff satisfaction

competition

emergencies and disasters

fire and security

health and safety

market influences

physical, financial or human resources

project control and cash flow

suppliers and contractors

time constraints.

Competency standards and other relevant benchmarks must include:

benchmarks:

industry code of conduct and code of ethics

statutory and legislative requirements relating to working in the property sector

personal and technical knowledge, skills and attitudinal aspects required to undertake day-to-day tasks and duties of the work function effectively and efficiently; specifically:

competency standards for the property industry

other relevant industry, cross-industry and organisational competency standards.


Performance Evidence

A person demonstrating competency in this unit must satisfy all of the elements, performance criteria, foundation skills and range of conditions of this unit.

The person must also respond to six routine workplace situations, one relating to each of the following aspects of work in the property industry:

interpreting and complying with legislative, financial and procedural requirements

interpreting and complying with ethical practices and rules of conduct

interpreting own work role and responsibilities

identifying and reporting risks

completing standard contractual documentation

accessing information on industry employment requirements.

In each of the above, the person must respond to the situation, evaluate his or her personal performance in resolving it, and assess his or her personal competency development needs in relation to the way he or she responded.

In doing the above, the person must:

interpret and comply with relevant legislative, financial and procedural requirements and confirm own understanding and application with relevant people

interpret and comply with ethical practices and codes of conduct and check own understanding and application with relevant people

identify a range of potential and existing risks using appropriate information collection techniques, and discuss recommendations on strategies to minimise risks with relevant people

complete standard contractual documentation ensuring adherence to legislative and procedural requirements, and securely maintain property information

interpret and use industry employment and professional development guidelines and benchmarks, and seek assistance from key industry and statutory organisations to ensure own continuing professional development

interpret and verify own role and responsibilities, and carry out work tasks according to professional standards.


Knowledge Evidence

A person demonstrating competency in this unit must demonstrate knowledge of:

limitations of own work role, responsibilities and professional abilities

organisational and professional procedures relating to own work role

key requirements of federal, state or territory legislation, codes, standards and local government regulations relating to own work role, including:

anti-discrimination

consumer protection

environmental issues

equal employment opportunity (EEO)

financial probity

franchise and business structures

industrial relations

work health and safety (WHS)

property sales, leasing and management

risk factors relating to a variety of transactions

routine knowledge of procedures for general office processes

WHS issues and requirements relating to working in the property industry.