Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

AHCWAT506 Mapping and Delivery Guide
Identify carryover water or continuous accounting

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency AHCWAT506 - Identify carryover water or continuous accounting
Description
Employability Skills
Learning Outcomes and Application This unit of competency describes the skills and knowledge required to evaluate options to determine what to do with water that may be carried over from one year to another, including sale or storage. In Queensland, carryover may also be referred to as continuous accounting.In this unit the terms 'carryover water' and 'continuous accounting' are used interchangeably to describe an arrangement which allows a water access right holder to retain water allocations not taken in a water accounting period for possible take in the next water accounting period. Carryover may also include parking excess water. The unit applies to individuals that apply specialised knowledge, skills and judgement to navigate complex water regulations and markets, research and analyse information, monitor change and evaluate options to manage their water holdings. The unit may be used by agricultural workers, including those that grow plants or livestock. It may also apply to people that trade water for other sectors.Commonwealth and state/territory and regional/local legislation, regulations and rules apply to the purchase, sale and use of water. Requirements vary between jurisdictions.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessment of the skills in this unit of competency must take place under the following conditions:

physical conditions:

a workplace or an environment that accurately represents workplace conditions

resources, equipment and materials:

digital technologies required to complete the tasks specified in the performance evidence

historical data related to water trading and seasonal water allocations

access to water trading platform and/or documentation required to trade water without an intermediary

specifications:

access to regulations and trading rules that apply to the water transactions specified in the performance evidence

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Determine excess water available at the end of water year
  • Confirm entitlement and current water holding account
  • Determine regulatory limits on amount of water that can be carried over
  • Determine quantities of water to carryover, sell or park
       
Element: Consider options for water that may be sold or carried over or parked
  • Monitor long term weather and water allocation announcements, and other announcements that may affect water trading decisions
  • Research storage facilities where carryover or continuous accounting water may be stored
  • Research trading zones where water may be sold prior to end of water year
  • Research regulations and rules that apply to storing and/or selling carryover or continuous accounting water
  • Determine costs of storing water
  • Undertake cost benefit analysis and risk analysis related to selling, buying or retaining water as carryover or continuous accounting
  • Identify water loss risks associated with having water in account that is not carried over, sold or parked at end of water year
  • Decide quantity of water to store as carryover or continuous accounting water
       
Element: Find external space to park carryover water
  • Identify platforms, water brokers and other trading options to facilitate the holding of water as carryover or continuous accounting
  • Select person or organisation that has capacity to hold water as carryover or continuous accounting, negotiate and agree costs of storage and retrieval of water
  • Select water trading platform and/or engage water broker to facilitate carryover water transaction if required
  • Check and confirm terms and conditions of carryover water or continuous accounting contract.
  • Commit to carryover water or continuous accounting transaction and complete transaction using appropriate water broker, trading platform or other method
  • Undertake ongoing requirements that apply to transaction, if required
       
Element: Rent out unoccupied storage space for parking water
  • Assess parking space available as part of water entitlement and potential risks of leasing the parking space
  • Research market and determine pricing of parking space
  • Check formal and informal leasing opportunities
  • Negotiate rental or lease of space and complete documentation
  • Identify ongoing compliance requirements of agreement
       


Evidence Required

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.

Elements

Performance Criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine excess water available at the end of water year

1.1 Confirm entitlement and current water holding account

1.2 Determine regulatory limits on amount of water that can be carried over

1.3 Determine quantities of water to carryover, sell or park

2. Consider options for water that may be sold or carried over or parked

2.1 Monitor long term weather and water allocation announcements, and other announcements that may affect water trading decisions

2.2 Research storage facilities where carryover or continuous accounting water may be stored

2.3 Research trading zones where water may be sold prior to end of water year

2.4 Research regulations and rules that apply to storing and/or selling carryover or continuous accounting water

2.5 Determine costs of storing water

2.6 Undertake cost benefit analysis and risk analysis related to selling, buying or retaining water as carryover or continuous accounting

2.7 Identify water loss risks associated with having water in account that is not carried over, sold or parked at end of water year

2.8 Decide quantity of water to store as carryover or continuous accounting water

3. Find external space to park carryover water

3.1 Identify platforms, water brokers and other trading options to facilitate the holding of water as carryover or continuous accounting

3.2 Select person or organisation that has capacity to hold water as carryover or continuous accounting, negotiate and agree costs of storage and retrieval of water

3.3 Select water trading platform and/or engage water broker to facilitate carryover water transaction if required

3.4 Check and confirm terms and conditions of carryover water or continuous accounting contract.

3.5 Commit to carryover water or continuous accounting transaction and complete transaction using appropriate water broker, trading platform or other method

3.6 Undertake ongoing requirements that apply to transaction, if required

4. Rent out unoccupied storage space for parking water

4.1 Assess parking space available as part of water entitlement and potential risks of leasing the parking space

4.2 Research market and determine pricing of parking space

4.3 Check formal and informal leasing opportunities

4.4 Negotiate rental or lease of space and complete documentation

4.5 Identify ongoing compliance requirements of agreement

An individual demonstrating competency must satisfy all of the elements and performance criteria in this unit.

There must be evidence that the individual has undertaken the processes to complete at least two different carryover or continuous accounting water transactions. One transaction is to be for an average year, and the other for either a dry or wet year. For each transaction, the individual must have:

determined carryover or continuous accounting water requirement for the upcoming water year

identified water for retention and water proposed for sale

confirmed regulatory requirements and rules related to proposed transactions

completed a cost benefit analysis for water transaction

purchased more carryover or continuous accounting space

used digital technologies to research water products

produced a report for each water transaction that includes:

determination of carryover or continuous accounting quantity and type proposed for transaction

cost benefit analysis

risk analysis

key sources of information for water products

An individual must be able to demonstrate the knowledge required to perform the tasks outlined in the elements and performance criteria of this unit. This includes knowledge of:

key features of regulations that apply to carryover or continuous accounting within a water market

functions and compliance powers of water authorities that apply to carryover or continuous accounting within a water market

limitations of licence types related to carryover or continuous accounting within a water market

water use licences and water trade restrictions that apply to local area

key features of water entitlements and water allocations, including seasonal variations

key principles of carry over water or continuous accounting

types and classes of water available in local and other markets applicable to carryover or continuous accounting

features and benefits of carryover or continuous accounting

key considerations when undertaking cost benefit analysis for carryover or continuous accounting

risk analysis related to carryover or continuous accounting including long range weather forecast, soil carbon, and long-term water allocation

water trading rules and guidelines related to carryover or continuous accounting for a specific property

key sources of current information on allocation, allocation announcements, water products and market opportunities

common digital technologies used to research water market products, including accessing websites using personal computers and mobile devices

historical data and analysis on long-term reliability of different entitlement types or water products

considerations when developing a strategy for carryover water or continuous accounting options, including:

total volume

timing and/or sequencing water sale

legal advice

securing water for following season

financing options

water allocation seasonal forecasts

carryover access conditions or scheme rules as determined by legislation

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Elements

Performance Criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine excess water available at the end of water year

1.1 Confirm entitlement and current water holding account

1.2 Determine regulatory limits on amount of water that can be carried over

1.3 Determine quantities of water to carryover, sell or park

2. Consider options for water that may be sold or carried over or parked

2.1 Monitor long term weather and water allocation announcements, and other announcements that may affect water trading decisions

2.2 Research storage facilities where carryover or continuous accounting water may be stored

2.3 Research trading zones where water may be sold prior to end of water year

2.4 Research regulations and rules that apply to storing and/or selling carryover or continuous accounting water

2.5 Determine costs of storing water

2.6 Undertake cost benefit analysis and risk analysis related to selling, buying or retaining water as carryover or continuous accounting

2.7 Identify water loss risks associated with having water in account that is not carried over, sold or parked at end of water year

2.8 Decide quantity of water to store as carryover or continuous accounting water

3. Find external space to park carryover water

3.1 Identify platforms, water brokers and other trading options to facilitate the holding of water as carryover or continuous accounting

3.2 Select person or organisation that has capacity to hold water as carryover or continuous accounting, negotiate and agree costs of storage and retrieval of water

3.3 Select water trading platform and/or engage water broker to facilitate carryover water transaction if required

3.4 Check and confirm terms and conditions of carryover water or continuous accounting contract.

3.5 Commit to carryover water or continuous accounting transaction and complete transaction using appropriate water broker, trading platform or other method

3.6 Undertake ongoing requirements that apply to transaction, if required

4. Rent out unoccupied storage space for parking water

4.1 Assess parking space available as part of water entitlement and potential risks of leasing the parking space

4.2 Research market and determine pricing of parking space

4.3 Check formal and informal leasing opportunities

4.4 Negotiate rental or lease of space and complete documentation

4.5 Identify ongoing compliance requirements of agreement

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Confirm entitlement and current water holding account 
Determine regulatory limits on amount of water that can be carried over 
Determine quantities of water to carryover, sell or park 
Monitor long term weather and water allocation announcements, and other announcements that may affect water trading decisions 
Research storage facilities where carryover or continuous accounting water may be stored 
Research trading zones where water may be sold prior to end of water year 
Research regulations and rules that apply to storing and/or selling carryover or continuous accounting water 
Determine costs of storing water 
Undertake cost benefit analysis and risk analysis related to selling, buying or retaining water as carryover or continuous accounting 
Identify water loss risks associated with having water in account that is not carried over, sold or parked at end of water year 
Decide quantity of water to store as carryover or continuous accounting water 
Identify platforms, water brokers and other trading options to facilitate the holding of water as carryover or continuous accounting 
Select person or organisation that has capacity to hold water as carryover or continuous accounting, negotiate and agree costs of storage and retrieval of water 
Select water trading platform and/or engage water broker to facilitate carryover water transaction if required 
Check and confirm terms and conditions of carryover water or continuous accounting contract. 
Commit to carryover water or continuous accounting transaction and complete transaction using appropriate water broker, trading platform or other method 
Undertake ongoing requirements that apply to transaction, if required 
Assess parking space available as part of water entitlement and potential risks of leasing the parking space 
Research market and determine pricing of parking space 
Check formal and informal leasing opportunities 
Negotiate rental or lease of space and complete documentation 
Identify ongoing compliance requirements of agreement 

Forms

Assessment Cover Sheet

AHCWAT506 - Identify carryover water or continuous accounting
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

AHCWAT506 - Identify carryover water or continuous accounting

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: