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Evidence Guide: AHCWAT505 - Purchase and sell temporary water for irrigated agriculture and horticulture

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

AHCWAT505 - Purchase and sell temporary water for irrigated agriculture and horticulture

What evidence can you provide to prove your understanding of each of the following citeria?

Purchase water

  1. Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use
  2. Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required
  3. Check and confirm terms and conditions for sale
  4. Complete water transaction, payment and other regulatory reporting requirements, including options for financing
  5. Confirm water transaction has been lodged with regulatory authority
  6. Undertake ongoing requirements that apply to the water trade, if required
Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check and confirm terms and conditions for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete water transaction, payment and other regulatory reporting requirements, including options for financing

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm water transaction has been lodged with regulatory authority

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake ongoing requirements that apply to the water trade, if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare to sell water

  1. Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale
  2. Developstrategy for selling water, and sequencing water sales if required
  3. Undertake risk analysis associated with proposed water sale
  4. Determine quantity, class and type and price range of water product to be sold
  5. Identify platforms, water brokers and other trading options to sell water
  6. Identify and calculate fees, commissions and other costs related to water sale
  7. Seek legal, financial and other relevant advice related to proposed sale water if required
  8. Monitor water market for product releases, pricing and other variables that affect water purchase
  9. Confirm water product offered for sale meets regulatory requirements and is priced competitively
  10. Check and confirm terms and conditions for contract of sale
  11. Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale
  12. Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements
  13. Confirm water transaction has been lodged with regulatory authority
  14. Undertake ongoing requirements that apply to the water trade, if required
Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Developstrategy for selling water, and sequencing water sales if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake risk analysis associated with proposed water sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine quantity, class and type and price range of water product to be sold

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify platforms, water brokers and other trading options to sell water

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and calculate fees, commissions and other costs related to water sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek legal, financial and other relevant advice related to proposed sale water if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor water market for product releases, pricing and other variables that affect water purchase

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm water product offered for sale meets regulatory requirements and is priced competitively

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check and confirm terms and conditions for contract of sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm water transaction has been lodged with regulatory authority

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake ongoing requirements that apply to the water trade, if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake preliminary research

  1. Identify the agriculture or horticulture activity and cyclical and/or seasonal water requirements
  2. Identify rules, risks and limitations that have potential to affect water market
  3. Determine volume of water, including transmission losses and timing of watering to successfully undertake the agriculture or horticulture activity
  4. Identify existing water reserves, water allocations and determine additional water to be purchased
  5. Identify water product required
  6. Identify eligibility and conditions to purchase water according to regulatory requirements
  7. Monitor water market allocation announcements, product releases, pricing and other announcements that may affect water purchase.
Identify the agriculture or horticulture activity and cyclical and/or seasonal water requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify rules, risks and limitations that have potential to affect water market

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine volume of water, including transmission losses and timing of watering to successfully undertake the agriculture or horticulture activity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify existing water reserves, water allocations and determine additional water to be purchased

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify water product required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify eligibility and conditions to purchase water according to regulatory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor water market allocation announcements, product releases, pricing and other announcements that may affect water purchase.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare for water purchase

  1. Research water market and identify water products that are suitable and available in trading areas
  2. Undertake risk and cost benefit analyses to determine return on investment associated with proposed water purchase
  3. Develop strategy for purchasing water, and sequencing water acquisition if required
  4. Determine quantity, type and price range of water product required
  5. Identify platforms, water brokers and other trading options to purchase water
  6. Identify and calculate fees, commissions and other costs related to water purchase
  7. Seek legal, financial, agronomical and other specific advice related to proposed water purchase as required
  8. Monitor water market for product releases, pricing and other variables that affect water purchase
  9. Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use
  10. Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required
  11. Check and confirm terms and conditions for sale
  12. Complete water transaction, payment and other regulatory reporting requirements, including options for financing
  13. Confirm water transaction has been lodged with regulatory authority
  14. Undertake ongoing requirements that apply to the water trade, if required
Research water market and identify water products that are suitable and available in trading areas

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake risk and cost benefit analyses to determine return on investment associated with proposed water purchase

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop strategy for purchasing water, and sequencing water acquisition if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine quantity, type and price range of water product required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify platforms, water brokers and other trading options to purchase water

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and calculate fees, commissions and other costs related to water purchase

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek legal, financial, agronomical and other specific advice related to proposed water purchase as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor water market for product releases, pricing and other variables that affect water purchase

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check and confirm terms and conditions for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete water transaction, payment and other regulatory reporting requirements, including options for financing

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm water transaction has been lodged with regulatory authority

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake ongoing requirements that apply to the water trade, if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine water available for sale

  1. Check balance available for sale
  2. Research current season water outlook and identify possible allocation for new season
  3. Identify water pricing and availability trends
  4. Undertake cost benefit analysis to determine whether to carryover or sell water
  5. Decide water product and quantity proposed for sale and/or retention
  6. Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale
  7. Developstrategy for selling water, and sequencing water sales if required
  8. Undertake risk analysis associated with proposed water sale
  9. Determine quantity, class and type and price range of water product to be sold
  10. Identify platforms, water brokers and other trading options to sell water
  11. Identify and calculate fees, commissions and other costs related to water sale
  12. Seek legal, financial and other relevant advice related to proposed sale water if required
  13. Monitor water market for product releases, pricing and other variables that affect water purchase
  14. Confirm water product offered for sale meets regulatory requirements and is priced competitively
  15. Check and confirm terms and conditions for contract of sale
  16. Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale
  17. Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements
  18. Confirm water transaction has been lodged with regulatory authority
  19. Undertake ongoing requirements that apply to the water trade, if required
Check balance available for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research current season water outlook and identify possible allocation for new season

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify water pricing and availability trends

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake cost benefit analysis to determine whether to carryover or sell water

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Decide water product and quantity proposed for sale and/or retention

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Developstrategy for selling water, and sequencing water sales if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake risk analysis associated with proposed water sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine quantity, class and type and price range of water product to be sold

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify platforms, water brokers and other trading options to sell water

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and calculate fees, commissions and other costs related to water sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek legal, financial and other relevant advice related to proposed sale water if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor water market for product releases, pricing and other variables that affect water purchase

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm water product offered for sale meets regulatory requirements and is priced competitively

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check and confirm terms and conditions for contract of sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm water transaction has been lodged with regulatory authority

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake ongoing requirements that apply to the water trade, if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Elements

Performance Criteria

Elements describe the essential outcomes.

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

1. Undertake preliminary research

1.1 Identify the agriculture or horticulture activity and cyclical and/or seasonal water requirements

1.2 Identify rules, risks and limitations that have potential to affect water market

1.3 Determine volume of water, including transmission losses and timing of watering to successfully undertake the agriculture or horticulture activity

1.4 Identify existing water reserves, water allocations and determine additional water to be purchased

1.5 Identify water product required

1.6 Identify eligibility and conditions to purchase water according to regulatory requirements

1.7 Monitor water market allocation announcements, product releases, pricing and other announcements that may affect water purchase.

2. Prepare for water purchase

2.1 Research water market and identify water products that are suitable and available in trading areas

2.2 Undertake risk and cost benefit analyses to determine return on investment associated with proposed water purchase

2.3 Develop strategy for purchasing water, and sequencing water acquisition if required

2.4 Determine quantity, type and price range of water product required

2.5 Identify platforms, water brokers and other trading options to purchase water

2.6 Identify and calculate fees, commissions and other costs related to water purchase

2.7 Seek legal, financial, agronomical and other specific advice related to proposed water purchase as required

2.8 Monitor water market for product releases, pricing and other variables that affect water purchase

3. Purchase water

3.1 Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use

3.2 Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required

3.3 Check and confirm terms and conditions for sale

3.4 Complete water transaction, payment and other regulatory reporting requirements, including options for financing

3.5 Confirm water transaction has been lodged with regulatory authority

3.6 Undertake ongoing requirements that apply to the water trade, if required

4. Determine water available for sale

4.1 Check balance available for sale

4.2 Research current season water outlook and identify possible allocation for new season

4.3 Identify water pricing and availability trends

4.4 Undertake cost benefit analysis to determine whether to carryover or sell water

4.5 Decide water product and quantity proposed for sale and/or retention

5. Prepare to sell water

5.1 Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale

5.2 Developstrategy for selling water, and sequencing water sales if required

5.3 Undertake risk analysis associated with proposed water sale

5.4 Determine quantity, class and type and price range of water product to be sold

5.5 Identify platforms, water brokers and other trading options to sell water

5.6 Identify and calculate fees, commissions and other costs related to water sale

5.7 Seek legal, financial and other relevant advice related to proposed sale water if required

5.8 Monitor water market for product releases, pricing and other variables that affect water purchase

6. Sell water

6.1 Confirm water product offered for sale meets regulatory requirements and is priced competitively

6.2 Check and confirm terms and conditions for contract of sale

6.3 Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale

6.4 Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements

6.5 Confirm water transaction has been lodged with regulatory authority

6.6 Undertake ongoing requirements that apply to the water trade, if required

Required Skills and Knowledge

Elements

Performance Criteria

Elements describe the essential outcomes.

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

1. Undertake preliminary research

1.1 Identify the agriculture or horticulture activity and cyclical and/or seasonal water requirements

1.2 Identify rules, risks and limitations that have potential to affect water market

1.3 Determine volume of water, including transmission losses and timing of watering to successfully undertake the agriculture or horticulture activity

1.4 Identify existing water reserves, water allocations and determine additional water to be purchased

1.5 Identify water product required

1.6 Identify eligibility and conditions to purchase water according to regulatory requirements

1.7 Monitor water market allocation announcements, product releases, pricing and other announcements that may affect water purchase.

2. Prepare for water purchase

2.1 Research water market and identify water products that are suitable and available in trading areas

2.2 Undertake risk and cost benefit analyses to determine return on investment associated with proposed water purchase

2.3 Develop strategy for purchasing water, and sequencing water acquisition if required

2.4 Determine quantity, type and price range of water product required

2.5 Identify platforms, water brokers and other trading options to purchase water

2.6 Identify and calculate fees, commissions and other costs related to water purchase

2.7 Seek legal, financial, agronomical and other specific advice related to proposed water purchase as required

2.8 Monitor water market for product releases, pricing and other variables that affect water purchase

3. Purchase water

3.1 Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use

3.2 Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required

3.3 Check and confirm terms and conditions for sale

3.4 Complete water transaction, payment and other regulatory reporting requirements, including options for financing

3.5 Confirm water transaction has been lodged with regulatory authority

3.6 Undertake ongoing requirements that apply to the water trade, if required

4. Determine water available for sale

4.1 Check balance available for sale

4.2 Research current season water outlook and identify possible allocation for new season

4.3 Identify water pricing and availability trends

4.4 Undertake cost benefit analysis to determine whether to carryover or sell water

4.5 Decide water product and quantity proposed for sale and/or retention

5. Prepare to sell water

5.1 Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale

5.2 Developstrategy for selling water, and sequencing water sales if required

5.3 Undertake risk analysis associated with proposed water sale

5.4 Determine quantity, class and type and price range of water product to be sold

5.5 Identify platforms, water brokers and other trading options to sell water

5.6 Identify and calculate fees, commissions and other costs related to water sale

5.7 Seek legal, financial and other relevant advice related to proposed sale water if required

5.8 Monitor water market for product releases, pricing and other variables that affect water purchase

6. Sell water

6.1 Confirm water product offered for sale meets regulatory requirements and is priced competitively

6.2 Check and confirm terms and conditions for contract of sale

6.3 Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale

6.4 Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements

6.5 Confirm water transaction has been lodged with regulatory authority

6.6 Undertake ongoing requirements that apply to the water trade, if required

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 required topurchase at least two different temporary water products. For each purchase, the individual must have:

calculated water requirements for the plant or livestock production period

identified at least two different water trading areas or zones that can supply the required water, where possible

identified regulatory requirements and trading rules related to the purchase of water products

completed a cost benefit analysis, including return on investment for the water purchase

developed a strategy to purchase the water, including options for financing

determined criteria for selection of water trading platform and water broker

determined risks and benefits of trading without using a water trading platform or broker

used digital technologies to research water products

produced a report for each water purchase that includes:

purpose for the water purchase

summary of applicable regulations

risk analysis

financial planning

purchasing strategy, including a rationale for timing of the purchase

water product mix

key sources of information for water products.

There must also be evidence that the individual has undertaken the processes required to sell at least two different temporary water products. For each sale, the individual must have:

determined the volume of water for sale

identified water for retention and water proposed for sale

identified regulatory requirements and trading rules related to the sale of water

completed a cost benefit analysis for the water sale

developed a strategy to sell the water

determined criteria for selection of water trading platform and water broker

used digital technologies to research water products

produced a report for each water sale that includes:

determination of water quantity and type proposed for sale

risk analysis

financial planning

selling strategy, including a rationale for timing of the purchase

water product mix

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 the transactions being undertaken

functions and compliance powers of federal, state and regional water authorities that apply to water transactions being undertaken

functions and operations of state water registers

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 carryover water

water products, including types and classes, available in local water market and other markets

features and benefits of temporary water trading

risk analysis and risk management strategies related to trading water, including soil carbon, long range weather forecast and long-term water allocation

when and how to seek legal and financial advice related to water trades

water broker and water trading platforms functions, benefits and costs

water trading rules and guidelines provided by local water authorities

information on allocation, allocation announcements and market opportunities

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

considerations for developing a strategy for trading water, including:

total volume

water losses during transmission

timing and sequencing water sale

legal advice

financing

production requirements

weather forecasts

water allocation seasonal forecasts.