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Evidence Guide: BSBESB305 - Address compliance requirements for new business ventures

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

 

BSBESB305 - Address compliance requirements for new business ventures

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

Research compliance requirements of new business venture

  1. Identify regulatory, taxation and insurance requirements relevant to new business venture
  2. Access information that assists in interpreting and explaining identified compliance requirements
  3. Research relationships between legislation, regulations, codes of practice, associated standards and accessed information to determine compliance requirements of the business venture
Identify regulatory, taxation and insurance requirements relevant to new business venture

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access information that assists in interpreting and explaining identified compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research relationships between legislation, regulations, codes of practice, associated standards and accessed information to determine compliance requirements of the business venture

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek specialist advice on compliance and risk minimisation

  1. Identify sources of specialist advice and services relevant to identified compliance requirements and business venture profile
  2. Select and access identified specialist advice and services according to business needs, available resources, and workplace procedures
  3. Clarify and confirm compliance requirements and their appropriateness for business, and risk minimisation needs with advisors
  4. Review and document advice and procedures
Identify sources of specialist advice and services relevant to identified compliance requirements and business venture profile

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select and access identified specialist advice and services according to business needs, available resources, and workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify and confirm compliance requirements and their appropriateness for business, and risk minimisation needs with advisors

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and document advice and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Take action to support business compliance

  1. Arrange insurance cover for the business according to business needs, available resources, and workplace procedures
  2. Implement compliance procedures according to specialist advice received
  3. Seek feedback on implemented compliance procedures from required personnel
Arrange insurance cover for the business according to business needs, available resources, and workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement compliance procedures according to specialist advice received

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek feedback on implemented compliance procedures from required personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

implement procedures to address at least two different compliance requirements for a business or new business venture.

In the course of the above, the candidate must:

identify, select and access sources of advice on compliance and risk minimisation procedures

identify regulatory, taxation and insurance compliance requirements, and risk minimisation needs.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

regulatory, taxation and insurance compliance information, and specialist advice and services in relation to operation of new business ventures, including:

industry codes of practice and standards

registration and licensing

work health and safety (WHS) requirements and responsibilities

required insurances

workplace procedures that support compliance of new business venture, including for:

selecting and accessing specialist advice and services

arranging business insurance cover

key components of compliance procedures:

following taxation and industrial relations principles

updating and maintaining legal documents

investigating areas of non-compliance

monitoring provision of products and/or services

taking corrective action where necessary.