The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Portfolio performance may relate to: | concepts and planscustomer service outcomesproductive use of property and assetsstrategies and placement of capital in property for investment. |
Clients may include: | developersfinancial institutionsfund managersinternal and external property groupsinvestment organisationsjoint venturesowner-occupierspartnersunit trustees. |
Relevant people may include: | accountantsanalystsclients |
| government personnellegal representativesmanagement and colleaguesmembers of industry associationssupervisorstaxation specialists. |
Client needs and expectations may relate to: | immediate capital gainslong-term capital gains. |
Risk may relate to: | access restrictions on propertyborrowing riskgearingmarket and property sector risks, including:fluctuations in economic cycleinterest ratesstock marketrisk factors and return expectationsspecific property riskvolatility of income and capital. |
Industry benchmarks may include: | discounted cash flowemployment ratesindustry association performance indexinflation rateinternal rate of returnlife cycle costingpublished vacancy factorstenancy mix. |
Market conditions may be influenced by: | availability of alternativesbusiness confidenceeconomic conditionslevel of competition. |
Performance of portfolio may be influenced by: | capacity to improve assetscapital growth versus short-term gaincash flowschange to organisational structuredemographicsgearing possibilitiesgeographic aspectslimits to financial resourcesreturn on investmentreturn versus risktaxation considerationstype of property or facility. |
Legislative requirements may be outlined and reflected in: | Australian standardsgeneral duty of care to clientshome building requirementsprivacy requirementsrelevant federal, and state or territory legislation that affects organisational operation, including:anti-discrimination and diversityenvironmental issuesEEOindustrial relationsOHSrelevant industry codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common lawstrata, community and company titlestenancy agreementstrade practices laws and guidelines. |
Organisational requirements may be outlined and reflected in: | access and equity principles and practice guidelinesbusiness and performance planscomplaint and dispute resolution proceduresemergency and evacuation proceduresemployer and employee rights and responsibilitiesgoals, objectives, plans, systems and processeslegal and ethical requirements and codes of practicemission statements and strategic plansOHS policies, procedures and programspolicies and procedures in relation to client servicepolicies and procedures relating to own role and responsibility quality and continuous improvement processes and standardsquality assurance and procedure manualsrecords and information systems and processes. |
Asset life cycle is: | acquisitiondisposaloperation and maintenanceplanning for and establishing a new asset. |
Class of assets in portfolio may include: | infrastructurelandland and improvementsplant and equipment. |
Asset information may be contained within: | business planscomparative market datadepreciation schedulesfinancial documentsgovernment statisticsmarketing plansproperty valuation statementsqualitative and quantitative datareports and inventoriestaxation records. |
Strategic issues may relate to: | changes in return on investment expectationspolitical considerationsportfolio balancethe environment. |
Evaluated refers to evaluation methods that could be qualitative or quantitative and may include: | checklistscost data analysisexpert and peer reviewinterviewsobservationquestionnairesreview of quality assurance data. |
Reports may be: | accountingadvisoryfinancial. |
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