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Elements and Performance Criteria

  1. Evaluate options for reconstruction
  2. Establish timelines and objectives
  3. Monitor progress
  4. Plan for disaster

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

identify and explain the key principles of legislation as they relate to insolvency management covering:

trade practices and corporation law

taxation assessment

workplace relations

consumer and competition

privacy legislation

explain the application of depreciation methods allowed by tax authorities

compare and contrast the duties and responsibilities of:

administrators and liquidators

auditors

discuss ethical considerations for the handling of financial reconstruction

identify and explain the key principles of valuation and processes for asset disposal.