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

Part B: Course Detail

Teaching Period: VE 2018

Class Number: All

Class Section: All

For flexible terms and optional semesters, a Part B course guide may have been published for the entire teaching period, or for the specific class number in which you are enrolled. If there is no Part B course guide published for your specific class number, please refer to the guide for the teaching period in which you are enrolled. Enrolment Online is the definitive source for details regarding your class enrolment.

Course Code: BUSM6378C

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

School: 174T School of VE Engineering, Health & Science

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

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

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 operations of the business under its chosen structure  

1.3 Develop and implement procedures to ensure full compliance with relevant legislation and regulatory requirements

Element:

2. Comply with legislation, codes and regulatory requirements

Performance Criteria:

2.1 Establish systems to ensure 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 relevant 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 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

Element:

3. Negotiate and arrange contracts

Performance Criteria:

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 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

Ref Workbook


Teaching Schedule

As per timetable


Learning Resources

Prescribed Texts


References


Other Resources

Students will be able to access course information and learning materials through CANVAS.

CANVAS is an online resource with the lesson plans for each unit. Within CANVAS are the session plans, assessments, resources and other materials required for completion of each unit of competency.

Additional materials maybe provided in class and lists of relevant reference books, resources in the library and accessible Internet sites will be provided where possible. During the course, you will be directed to websites to enhance your knowledge and understanding of difficult concepts.


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 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 Matrix

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.

Other Information

Credit Transfer and/or Recognition of Prior Learning (RPL):


You may be eligible for credit towards courses in your program if you have already met the learning/competency outcomes through previous learning and/or industry experience. To be eligible for credit towards a course, you must demonstrate that you have already completed learning and/or gained industry experience that is:

  • Relevant
  • Current
  • Satisfies the learning/competency outcomes of the course

Please refer to http://www.rmit.edu.au/students/enrolment/credit to find more information about credit transfer and RPL.
 

Study and learning Support: 
Please Refer http://www.rmit.edu.au/studyandlearningcentre to find more information about Study and learning Support 

Equitable Learning Services (ELS):

Please refer to https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services to find more information about services offered by Equitable Learning Services (ELS).

Late submission: 
Please refer to https://www.rmit.edu.au/students/student-essentials/forms/assessment-forms  to find more information about late submissions.


Special consideration: 
Please Refer http://www.rmit.edu.au/students/specialconsideration to find more information about special consideration 

Plagiarism: 

Plagiarism is a form of cheating and it is very serious academic offence that may lead to expulsion from the University. 

Please Refer: www.rmit.edu.au/academicintegrity to find more information about plagiarism. 

Other Information: 

All email communications will be sent to your RMIT email address and you must regularly check your RMIT emails.

Course Overview: Access Course Overview