Course Title: Establish legal and risk management requirements of new business ventures
Part B: Course Detail
Teaching Period: Term1 2025
Course Code: BUSM8890C
Course Title: Establish legal and risk management requirements of new business ventures
Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
School: 525T Business & Enterprise
Campus: City Campus
Program: C4421 - Certificate IV in Entrepreneurship and New Business
Course Contact: Theresa Lyford
Course Contact Phone: +61 3 9925 5444
Course Contact Email: theresa.lyford@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Teacher: Paul Rahman
Email: Paul.Rahman@rmit.edu.au
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 skills and knowledge required to identify and comply with legal and risk management requirements of the business or new business venture, including negotiating, creating and planning for legal contracts used within the business, where required.
The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBESB402 Establish legal and risk management requirements of new business ventures |
Element: |
1.Identify legal and risk management requirements relating to business |
Performance Criteria: |
1. Identify legal structure of business using reliable sources 2. Identify legislative and regulatory requirements applicable to identified legal structure 3. Analyse identified requirements and their relationship to business and workplace practices and processes |
Element: |
2.Implement procedures and processes to comply with legislative and regulatory requirements |
Performance Criteria: |
1. Develop and implement procedures to ensure compliance with relevant legislative and regulatory requirements 2. Develop and implement processes and procedures for storing and maintaining legal documents and business records 3. Establish systems to identify areas of noncompliance and take corrective action where necessary |
Element: |
3.Negociate and arrange contracts |
Performance Criteria: |
1. Assess products and/or services to determine procurement rights and ensure protection of business interests 2. Negotiate and secure contractual procurement rights for goods and/or services as required and according to business plan and workplace procedures 3. Complete any contractual arrangements according to workplace procedures and business plan |
Element: |
4.Miligate business risks |
Performance Criteria: |
1. Analyse business activities and identify applicable risk management requirements 2. Assess probability and impact of identified internal and external risks to business 3. Develop a plan to prioritise and treat risks 4. Implement procedures to mitigate risks according to risk treatment plan |
Learning Outcomes
On successful completion of this course, you will have developed and applied the skills and knowledge required to demonstrate competency in the above elements.
Details of Learning Activities
This course includes a range of learning activities to equip you will the knowledge and skills to identify and comply with legal and risk management requirements in a conveyancing business. Inclass learning activities will include:
• class exercises to review discussions/lectorials
• analysis/critique of relevant reading material
• seminars/workshops
• peer learning
• guest lecture/presentation
• class presentations
• group discussion
• research
• independent project-based work
• ‘workshopping’ of student projects including peer/lecturer feedback
Teaching Schedule
Learning Resources
Prescribed Texts
References
Other Resources
Overview of Assessment
Assessment for this course is ongoing throughout the semester. Your knowledge and understanding of course content is assessed through participation in class exercises, oral/written presentations and through the application of learned skills and insights. Full assessment briefs will be provided and can be found on CANVAS.
Assessment Tasks
Assessment for this course is ongoing throughout the semester. Your knowledge and understanding of course content is assessed through participation in class exercises, oral presentations and through the applicationof learned skills and insights to your written tasks. Full assessment briefs will be provided and can be found on CANVAS.
There are four assessment tasks in this course. Detailed Learner guides, dates and instructions are provided in Canvas. The assessment tasks are:
Assessment Matrix
The detailed learner guides and instructions can be accessed for each assessment task in Canvas
here: https://rmit.instructure.com/courses/143589/assignments
Other Information
Submission Requirements
•Ensure that you submit assessments on or before the due date.
• Always retain backup copies of your assessment tasks.
• 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 youneed 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, submitted to suzanne.bevacqua@rmit.edu.au
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 insteadapply 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
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.
Vocational education grades:
CA - Competency Achieved
NYC - Not Yet Competent
DNS - Did Not Submit for assessment
Other Resources
Online learning materials and all relevant resources are available on Canvas and can be accessed via 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.
Course Overview: Access Course Overview