BSBESB402 Establish legal and risk management requirements of new business ventures

Learn how to establish legal and risk management requirements of new business ventures.

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry:

• • Legislative and regulatory requirements relating to the operation of new business ventures
  • Workplace procedures for:
    • Negotiating, creating and terminating contractual arrangements, including seeking legal advice, investigating and securing procurement rights relating to products and/or services
    • Identifying options for leasing or owning business premises
      legal rights and obligations of alternative ownership structures
    • Key features of workplace record-keeping processes and procedures that meet minimum legal and taxation requirements and records are maintained in a secure and accessible manner
    • Key components of compliance procedures such as
      • Following taxation and industrial relations principles and requirements
      • Updating and maintaining legal documents
        investigating areas of non-compliance
      • Monitoring provision of products and/or services
      • Taking corrective action where necessary
      • Key steps in risk management process, including procedures for developing and implementing business risk treatment plan.

And demonstrate the ability to:

• • Establish legal and risk management requirements for at least one business or new business venture, and implement procedures for meeting them
  • Create at least one contract with a supplier of goods or services to business or new business venture
  • Identify, assess and treat at least three different risks specific to business or new business venture and prioritise risks with highest probability of occurrence and greatest negative impact.

On successful completion of this unit, you will gain a nationally recognised Statement of Attainment from My CPE Pty Ltd (RTO ID 45717) and earn 8 CPE hours.

The unit of competency can be accessed at: BSBESB402 Establish legal and risk management requirements of new business ventures

A Certificate IV level program with the following learning outcomes:
Breadth, depth and complexity of knowledge and competencies would cover a broad range of varied activities or applications in a wider variety of contexts, most of which are complex and non-routine. Participants should display leadership and guidance when organising activities of self and others as well as contributing to technical solutions of a non-routine or contingency nature.

Performance of a broad range of skilled applications, including the requirement to evaluate and analyse current practices, develop new criteria and procedures for performing current practices and provision of some leadership and guidance to others in the application and planning of the skills. Applications involve responsibility for, and limited organisation of, others.

Competencies should enable participants with this qualification to:

• Demonstrate understanding of a broad knowledge base incorporating some theoretical concepts
• Apply solutions to a defined range of unpredictable problems
• Identify and apply skill and knowledge areas to a wide variety of contexts, with depth in some areas
• Identify, analyse and evaluate information from a variety of sources
• Take responsibility for own outputs in relation to specified quality standards
• Take limited responsibility for the quantity & quality of the output of others.

There are no formal requirements applicable to enrolling in the course. Applicants must; however, demonstrate they meet the requirements listed below:

• At least 18 years of age at the time of enrolment
• Access to a computer and internet connection
• Good language, literacy, and numeracy skills are essential
• Have access to a workplace or simulated environment that provides for communication and interaction with your colleagues
• Access to a range of business technology, office equipment, internet and an audio/video recording device.

The program is ideal for those who are:

• Registered as a BAS or Tax practitioner with the Tax Practitioners Board (TPB) and must maintain competence as part of their ongoing registration obligations
• Individuals seeking to gain their Labour Hire Licence
• Individuals who have chosen to improve their own skills
• Those requiring flexible learning
• Industry professionals aiming to formalise existing skills and knowledge through Recognition of Prior Learning (RPL)
• Who are fully experienced within this vocational area and are seeking formal recognition of their existing skills in accounting
• Persons who are seeking career advancement within any industry
• Workplace Trainers and Assessors who have the industry experience within the sector wishing to be able to train and assess in this vocational area
• Employees of organisations for whom business services training is provided
• People with disabilities or injuries requiring a change in career or those returning to the workplace.

Education Pathway
Further training pathways from this unit include, but are not limited to:

• Certificate IV in Accounting and Bookkeeping
• Diploma of Accounting
• Diploma of  Payroll Services
• Advanced Diploma of Accounting
• Diploma of Leadership and Management
• Certificate IV in Leadership and Management.

RPL is the process of recognising the experience and skills that a person has acquired throughout their career. The principles of RPL will be applied at all stages of your program. If existing competence is evident, it will be recognised and applied to expedite the completion of your program.

You will be provided an opportunity to request RPL during your interview with your Assessor; however, RPL can be requested at any stage.

Online study offers complete flexibility affording students the ability to study anytime and anywhere that suits their schedule. The team of educators at My CPE are committed to supporting you through your chosen program and are keen to help you succeed. All students have unlimited online access to their allocated Assessor during business hours. There are no requirements to attend any classes during this program.

If throughout your program you need assistance on study-related matters or student support-related matters, you can contact our office via your e-Learning portal. Our dedicated team are available to assist with any questions you may have in relation to:

• How to enrol in a course
• Payment options
• Terms and conditions
• Course curriculum
• RPL process
• Assessment processes
• Extensions and applicable fees
• Administration queries.

Assessments are structured to include a variety of styles to cater for the learning needs of a broad range of students and provide you with the best opportunity for success. Assessments are completed using a variety of methods and are submitted via our online student portal.

Assessment methods may include any combination of:

• Written assessment tasks
• Case Studies
• Practical tasks / Reports 
• Meetings and discussions
• Observation assessment 
• Workplace simulations.

The unit is an investment in your future, and there are many factors to consider prior to enrolling in any program, including the level of difficulty, language, literacy and numeracy requirements, cost and the time commitment.

Please book a consultation with one of our experienced consultants if you need guidance.