Course Title: Establish legal and risk management requirements of small business

Part B: Course Detail

Teaching Period: Term2 2015

Course Code: BUSM6378C

Course Title: Establish legal and risk management requirements of small business

School: 130T Vocational Engineering

Campus: City Campus

Program: C4338 - Certificate IV in Plumbing and Services

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4468

Course Contact Email: vocengineering@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Program Manager - Warren James
Tel: +61 3 9925 4468
 

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

Nil

Course Description

This unit describes the performance outcomes, skills and knowledge required to identify and comply with the regulatory, legal, taxation and insurance requirements, and risk management needs of small business.
Specific legal requirements apply to the management of a small business.
 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB401A Establish legal and risk management requirements of small business

Element:

1. Identify and implement business legal requirements

Element:

2. Comply with legislation, codes and regulatory requirements

Element:

3. Negotiate and arrange contracts

Element:

1. Identify and implement business legal requirements

2. Comply with legislation, codes and regulatory requirements

3. Negotiate and arrange contracts

Performance Criteria:

1.1. Identify and research possible options for the business legal structure using appropriate sources
1.2. Determine legislation and regulatory requirements affecting the operations of the business under its chosen structure
1.3. Develop and implement procedures to ensure full compliance with relevant legislation and regulatory requirements


2.1. Establish systems to ensure the legal rights and responsibilities of the business are identified and the business is adequately protected, specifically in relation to occupational health and safety (OHS), business registration and environmental requirements
2.2. Identify taxation principles and requirements relative to the business and follow procedures to ensure compliance
2.3. Identify and carefully maintain legal documents and maintain and update relevant records to ensure their ongoing security and accessibility
2.4. Monitor the provision of products and services of the business to protect legal rights and to comply with legal responsibilities
2.5. Conduct investigations to identify areas of non-compliance with legal and regulatory requirements and take corrective action where necessary


3.1. Seek legal advice on contractual rights and obligations, if required, to clarify business liabilities
3.2. Investigate and assess potential products/services to determine procurement rights and to ensure protection of business interests where applicable
3.3. Negotiate and secure contractual procurement rights for goods and services including contracts with relevant people, as required, in accordance with the business plan
3.4. Identify insurance requirements and acquire adequate cover
3.5. Identify options for leasing/ownership of business premises and complete contractual arrangements in accordance with the business plan

 


Learning Outcomes


Refer to elements


Details of Learning Activities

Learning activities include in class workbook activities and researching industry practices and standards. This may include online learning activities. Students are expected to undertake design, size and documentation to relevant industry standards to include sustainability and WHS principles.


Teaching Schedule

This unit is delivered over 4 session

Session Number                 Topic                                                                                                                                                                    Learning Activities/Resources                                                                                                                                                         Elements/                         Performance         criteriaAssessments                                                                                                                                
Session 1

 1. Identify and research different types of business legal structures.

2. Determine legal and regulatory requirements to establish business.

3. Develop and implement procedures to comply with legislation.

 

 

1.1 - 1.3 
Session 2

1. Comply with legislation.

- OHS

-Taxation

- Maintain legal documents and update records.

 2. Monitor products and services of the business to ensure compliance.

3. Investigate for non-compliance and make changes if required.

 

 


.
 
1.1 - 4.2

 Assessment 1 - research requirements of starting business due

Session 3

 1. Seeking legal advice.

2. Investigate products/services to determine procurement rights.

3. Negotiate and secure contracts.

4. Identify insurance requirements and get insurance.

5. Acquiring business premises and contract requirements.

   Assessment 2 -  business plan due
Session 4

 Revision

 

   Assessment 3 - establish business due


Learning Resources

Prescribed Texts

There are no prescribed textbooks.


References


Other Resources


Overview of Assessment

Assessment may incorporate a variety of methods including written/oral activities and demonstration of practical skills to the relevant industry standards. Participants are advised that they are likely to be asked to personally demonstrate their assessment activities to their teacher/assessor. Feedback will be provided throughout the course.

Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent.

Assessment

Task 1

Assessment 1 - Research requirements of starting business

Task 2

Assessment 2 - Business plan

Task 3

Assessment 3 - Establish business

These tasks assesses the following Course Learning Outcomes (CLOs):

Assessment Mapping Matrix

Elements/

Performance Criteria Covered

Task 1

Task 2

Task 3

1.1

x

 

 

1.2

x

 

 

1.3

x

 

 

2.1

x

x

 

2.2

x

x

 

2.3

x

x

 

2.4

x

x

 

2.5

x

x

 

3.1

 

 

x

3.2

 

 

x

3.3

 

 

x

3.4

 

 

x

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks.


Assessment Tasks

Students are required to complete three different types of assessment tasks
Assessment 1 –  research requirements of starting business
Assessment 2 - business plan
Assessment 3 - establish business

To successfully complete this unit, a student needs to be deemed competent (CA grade) in all three assessment tasks.
Grading Criteria:
NYC - Not yet competent
CA - Competence Achieved
DNS - Did not submit assessment


 


Assessment Matrix

                 AssessmentsElements/Performance                            CriteriaWeighting        
Assessment 1 – research requirements of starting business1.1 - 1.330
Assessment 2 - business plan2.1-2.530
Assessment 3 - establish business3.1-3.540

  

Other Information

Academic Misconduct

Students are reminded that cheating, whether by fabrication, falsification of data, or plagiarism, is an offence subject to University disciplinary procedures. Plagiarism in oral or written presentations is the presentation of the work, idea or creation of another person, without appropriate referencing, as though it is one’s own. Plagiarism is not acceptable.
The use of another person’s work or ideas must be acknowledged. Failure to do so may result in charges of academic misconduct which carry a range of penalties including cancellation of results and exclusion from your course.
Students are responsible for ensuring that their work is kept in a secure place. It is also a disciplinary offence for students to allow their work to be plagiarized by another student.
Students should be aware of their rights and responsibilities regarding the use of copyright material. It is strongly recommended that students refer to the Guidelines for Students at the RMIT University Homepage.
 

Course Overview: Access Course Overview