Course Title: Establish, supervise and monitor practice systems to conform with legislation and regulations
Part B: Course Detail
Teaching Period: Term2 2020
Course Code: BUSM8845C
Course Title: Establish, supervise and monitor practice systems to conform with legislation and regulations
School: 650T Vocational Business Education
Campus: City Campus
Program: C6164 - Advanced Diploma of Conveyancing
Course Contact: Callie Harvey
Course Contact Phone: +61 3 99255772
Course Contact Email: callie.harvey@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Sukant Arora
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
None
Course Description
This unit describes the skills and knowledge required to establish, supervise and monitor systems to ensure that a practice or unit of business conforms to legislative and regulatory requirements, and meets standards defined in professional codes of practice.
It applies to individuals who use specialised knowledge, systematic approaches and analytical skills to provide leadership in ensuring compliance and quality standards are met.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations |
Element: |
1. Identify legislation, regulations and codes of practice relevant to the practice |
Performance Criteria: |
1.1 Identify relevant legislation, regulations and codes of practice to be complied with in provision of services by the practice or business 1.2 Identify relevant compliance procedures to be established |
Element: |
2. Establish and document procedures for compliance of the practice with relevant legislation, regulations and codes of practice |
Performance Criteria: |
2.1 Identify key stakeholders and consult regarding issues and proposed procedures and guidelines 2.2 Incorporate compliance issues and procedures into practice guidelines and document appropriately 2.3 Identify and document sources of information and advice on legislative and regulatory requirements 2.4 Establish and document procedures for ensuring currency of information within practice 2.5 Establish and incorporate into practice guidelines, ethical procedures and standards for interpretation of legislation, regulations and codes of practice 2.6 Establish procedures for monitoring compliance with legislation, regulations and codes of practice within practice and for outsourced third party providers |
Element: |
3. Establish risk management procedures for compliance with legislation and regulations |
Performance Criteria: |
3.1 Establish and document structured and systematic risk management process, which takes into account practice obligations under relevant legislation and regulations 3.2 Identify and document risks of non-compliance 3.3 Establish, document and communicate to staff measures to avoid non-compliance and steps to be taken in event of breaches of obligations 3.4 Ensure measures are consistent with Australian state and federal regulations for licensees and authorised representatives |
Element: |
4. Identify and establish appropriate resources for ensuring the practice can meet its legislative and regulatory requirements |
Performance Criteria: |
4.1 Identify appropriate levels of financial, technological and human resources to meet practice’s legislative and regulatory requirements 4.2 Implement training and assessment procedures to ensure employees have skills needed to comply with legislative and regulatory requirements 4.3 Establish clear decision-making procedures on legislative and regulatory issues, including identification to employees of licensees, authorised representatives, directors and other staff carrying legislative and regulatory responsibilities 4.4 Establish and maintain information technology systems and other technological resources to level necessary to enable compliance with legislative and regulatory requirements 4.5 Ensure budgets, requisition procedures and other internal financial systems clearly identify support for legislative and regulatory functions |
Learning Outcomes
Details of Learning Activities
This semester we will be learning remotely through Collaborate Ultra Sessions.
A range of learning activities are planned for this course including self-paced and discussion activities.
The self-paced activities will be delivered through various technology platforms and may include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.
The collaborative activities will include group discussions, group problem-solving activities and opportunities to practice your skills in a simulated/real workplace environment. We expect you to participate and contribute in all scheduled learning activities.
This course will be delivered via our existing learning management system, Canvas. This means that, for the foreseeable future, there will be no face-to-face classes in any of the units for which you are enrolled.
Classes in each of your units will still take place in their normal scheduled time-slots, but instead of being conducted in a face-to-face mode, your teachers will utilise the Collaborate Ultra platform to deliver ‘live’ online classes. These classes delivered online will not only provide you with the required learning materials for those sessions, but they will also enable interactions with your teachers and fellow students via forums or discussion boards.
This course guide contains information that describes course aspects that don’t change and are locked in well ahead of the semester. Any information that differs due to changes of delivery is a consequence of COVID-19. Your course coordinator will advise you as to the correct details via Canvas.
Teaching Schedule
This course is comprised of three co-delivered and co-assessed competencies:
BSBCOM603 Plan and Establish Compliance Management Systems
FNSPRM601 Establish Systems to Conform with Legislation
BSBSMB401 Establish Legal and Risk Management Requirements of Small Business
Induction Session
Prior to training commencement a program level induction session will be conducted that comprises the following:
- Program overview and requirements
- MyRMIT/Canvas
- Overview of assessment requirements
- Pre-Training Review including:
- Recognition of Prior Learning and Credit Transfers
- Assessment of current skills and knowledge
- Competency/Grading Criteria
- Plagiarism
- Appeals
- Extensions
- Feedback
- Privacy
- Submission requirements
- Resubmission policy
- Where to get support
- Student responsibilities
The Teaching Schedule for this course is as follows.
Please note that this schedule is subject to change.
|
Week number & Week beginning (Monday) |
Topic |
Collaborate Session & Workshop |
Assessment Task (AT) |
| Week 1: July 6 | Introductions and Identify regulations and requirements affecting the business |
Collaborate Session-1 (Wednesday 17:30-19:30 PM) |
|
| Week 2: July 13 | Identify regulations and requirements affecting the business |
Collaborate Session-2 (Wednesday 17:30-19:30 PM) |
Week 1 Practice Quiz (12 July, 23:59 PM) |
| Week 3: July 20 | Preparing for AT1 success |
Collaborate Session-3 (Wednesday 17:30-19:30 PM) |
Week 2 Practice Quiz (19 July, 23:59 PM) |
| Week 4: July 27 | Plan compliance management systems, AT1 Q&A |
Workshop-1 (080.02.01) (Wednesday 17:30-19:30 PM) |
Week 3 Practice Quiz (26 July, 23:59 PM) |
| Week 5: August 3 | Plan compliance management systems |
Collaborate Session-4 (Wednesday 17:30-19:30 PM) |
Assessment 1 Due (09 August, 23:59 PM) |
| Week 6: August 10 | Establish compliance management systems |
Collaborate Session-5 (Wednesday 17:30-19:30 PM) |
|
| Week 7: August 17 | Preparing for AT2 success |
Collaborate Session-6 (Wednesday 17:30-19:30 PM) |
|
| Week 8: August 24 | Establish compliance management systems, AT2 Q&A |
Collaborate Session-7 (Wednesday 17:30-19:30 PM) |
Assessment 2 Due (30 August, 23:59 PM) |
|
Mid-Semester Break 31 August - 06 September | |||
| Week 09: September 7 | Comply with regulations affecting the business |
Collaborate Session-8 (Wednesday 17:30-19:30 PM) |
|
| Week 10: September 14 | Preparing for AT3 success |
Workshop-3 (Wednesday 17:30-19:30 PM) |
|
| Week 11: September 21 | Comply with regulations affecting the business, AT3 Q&A |
Collaborate Session-9 (Wednesday 17:30-19:30 PM) |
Assessment 3 Due |
| Week 12: September 28 | Supervise and monitor practice systems |
Collaborate Session-10 (Wednesday 17:30-19:30 PM) |
|
| Week 13: October 5 | Supervise and monitor practice systems |
Collaborate Session-11 (Wednesday 17:30-19:30 PM) |
|
| Week 14: October 12 | Preparing for AT4 success |
Workshop (Wednesday 17:30-19:30 PM) |
|
| Week 15: October 19 | Course Wrap-up, AT4 Q&A |
Collaborate Session-12 (Wednesday 17:30-19:30 PM) |
Assessment 4 Due (25 October, 23:59 PM) |
| Week 16: October 26 | Extensions / Re-submissions | ||
| Week 17: November 2 | Grade Entry |
|
Learning Resources
Prescribed Texts
References
Other Resources
Online learning materials can be accessed by going into the RMIT website's Online Learning Hub.
The online learning materials listed include:
- Course outlines
- Power point Presentations
- Supporting Reading material
- Industry relevant articles
- Activities.
Overview of Assessment
In order to achieve competency in this unit, you must provide:
Performance Evidence
Evidence of the ability to:
- develop strategies to obtain a wide range of relevant information and assess its accuracy and relevance
- assess risks and benefits associated with using legislation and regulation databases and systems against practice requirements to make recommendations
- develop and document compliance and risk management procedures
- apply cost benefit analyses to ensure optimal development of systems and procedures
- comply with risk management standards
- develop procedures and processes for monitoring ethical operations of the practice and of outsourced third party providers.
Knowledge Evidence
To complete the unit requirements safely and effectively, the individual must:
- describe the key requirements of relevant legislation, regulations and codes of practice using knowledge of a wide range of available information sources, including legal resources
- describe a range of documentation systems, including registry and library processes
- describe the key features of:
- financial practice administrative processes and systems
- human resources procedures and training options
- office information technology systems and software
- describe the key processes and products of financial professional services
- outline the professional development options for financial personnel
- explain the key requirements of relevant legislation, regulations and codes of practice
- compare and contrast risk management techniques and tools.
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the legal services administration field of work and include access to:
- office equipment and resources
- legislation and regulations relevant to contract law
- sources of information about contract law.
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
Assessment Tasks
In order to achieve competency in this unit, you must satisfactorily complete the criteria for each of the four assessments in this course.
Assessment Task 1: Identify requirements and plan appropriate systems
Due: 11:59PM Sunday 9 August 2020
The purpose of this assessment is for you to show how you can identify and comply with regulations affecting a small business.
Assessment Task 2: Research plan and establish appropriate system
Due: 11:59PM Sunday 30 August 2020
The purpose of this assessment is for you to exhibit your ability to plan for and establish appropriate compliance program/ management systems which would enable an organisation to fulfil its obligations and responsibilities under applicable compliance requirements.
Assessment Task 3: Comply with regulations affecting the business
Due: 11:59PM Sunday 27 September 2020
The purpose of this assessment is for you to exhibit their ability to plan, establish, supervise and monitor appropriate practice systems which would enable an organisation to fulfil its obligations and responsibilities under applicable compliance requirements, conform to legislative and regulatory requirements, and meet standards defined in professional code of practice.
Assessment Task 4: Comply, supervise and monitor performance and provide recommendations
Due: 11:59PM Sunday 25 October 2020
The purpose of this assessment is for you to exhibit your ability to plan, establish, supervise and monitor appropriate practice systems which would enable an organisation to fulfil its obligations and responsibilities under applicable compliance requirements, confirm to legislative and regulatory requirements, and meet standards defined in professional codes of practice.
Assessment Matrix
The assessment matrix that maps all the assessments is available on CANVAS.
Other Information
Submission Requirements
- Ensure that you submit assessments on or before the due date.
- Always retain a copy of your assessment tasks. (hard copy and soft copy)
- When you submit work for assessment at RMIT University you need to use the Assessment task document that includes a declaration and statement of authorship.
- Each page of your assessment should include a footer with your name, student number, the title of the assessment, unit code and title and page numbers.
Resubmissions (VET Programs)
If you are found to be unsuccessful (Not satisfactory/Unsatisfactory) in a Course Assessment Task you will be allowed one resubmission. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Penalties for Late Submission
Late submissions of assignments without special consideration or extension will automatically be considered a re-submission (see above).
Extensions, Special Consideration and Adjustment to Assessments
Extensions:
Extensions are available for unforeseen circumstances of a short-term nature.
An application form must be submitted to the school at least one working day before the due date of the assessment.
Extensions can be approved for a maximum of one week (seven calendar days) past the due date for an assessment. (Where students need an extension exceeding one week they must instead apply for special consideration.)
Special consideration:
Special consideration is available for unexpected circumstances outside students’ control. These include but are not limited to: unexpected short-term ill health, and unavoidable family, work, cultural or religious commitments.
An application for special consideration is made in advance of an assessment wherever possible but will normally be accepted within five working days after the assessment date
For more information, see the Special Consideration page of the RMIT website.
Adjustments to Assessment:
RMIT provides several adjustments to assessment for students experiencing ongoing or long-term circumstances. Find the right one for your circumstances here.
Changes to the Assessment Scheme
Where a change to assessment approved by the Dean/head of school changes an assessment due date, students will be given at least five working days’ notice of the new due date.
Feedback
You can expect to receive marks and feedback on in-course assessment work in time to improve your performance in related assessment tasks later in the course.
Academic Integrity and Misconduct
Students demonstrate academic integrity in their assessment practices by:
- engaging with assessment activities in an honest way;
- providing accountability for the authorship and originality of work submitted;
- acknowledging the work of others and the re-use of original work.
Academic misconduct is addressed in accordance with the Student conduct policy
Assessment involving research with human participants, their information or their tissue, or animal subjects is carried out in accordance with the Staff ethics and integrity policy.
For further information see the Academic Integrity website.
Review and Appeal
A student may request a review of an assessment result or appeal a final course grade in accordance with the Conduct of assessment and appeals section of the Assessment Processes.
Grade Criteria
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
The following grades are available for this course.
CA - Competency Achieved
NYC - Not Yet Competent
DNS - Did Not Submit for assessment
Course Overview: Access Course Overview