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
School: 525T Business & Enterprise
Campus: City Campus
Program: C6170 - Advanced Diploma of Conveyancing
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
Offering coordinator: 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
None
Course Description
In this course you will acquire 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.
This course addresses the following units of competency:
- BSBESB402 - Establish legal and risk management requirements of new business ventures
- BSBAUD601 - Establish and manage compliance management systems
These units are clustered for delivery and assessment.
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: |
1.1 Identify legal structure of business using reliable sources 1.2 Identify legislative and regulatory requirements applicable to identified legal structure. 1.3 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: |
1.1 Identify legal structure of business using reliable sources 1.2 Identify legislative and regulatory requirements applicable to identified legal structure. 1.3 Analyse identified requirements and their relationship to business and workplace practices and processes |
Element: |
3. Negotiate and arrange contracts |
Performance Criteria: |
3.1 Investigate and assess potential products and services to determine procurement rights and ensure protection of business interests where applicable 3.2 Negotiate and secure contractual procurement rights for goods and/or services as required and according to business plan and workplace procedures 3.3 Complete any contractual arrangements according to workplace procedures and business plan 3.4 Seek legal advice if required to confirm contractual rights and obligations
|
Element: |
4. Mitigate business risks |
Performance Criteria: |
4.1 Analyse business activities and identify applicable risk management requirements 4.2 Assess probability and impact of identified internal and external risks to business 4.3 Develop a plan to prioritise and treat risks 4.4 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. In class 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
Week Commencing |
Topic |
Assessment Task |
| Week 1: | Orientation Week - Introduction to the Unit | |
| Week 2: | Identify legal and risk management requirements relating to business |
Week 2 Practice Quiz
|
| Week 3: | Mitigate business risks |
Week 3 Practice Quiz
|
| Week 4: | Negotiate and arrange contracts |
Week 4 Practice Quiz
|
| Week 5: | Assessment 1 Workshop |
Assessment 1 Due: Sunday 16/3/25
|
| Week 6: | Determine compliance requirements |
|
| Week 7: | Identify and select relevant compliance management system |
|
| Week 8: |
Assessment 2 Workshop (Part-1) Plan and document required compliance management system |
|
Week 9: |
Assessment 2 Workshop (Part-2) Assessment 2 Q&A |
Assessment 2 Due:Sunday 13/4/25
|
Week 10: |
Comply with regulations affecting the business |
|
Mid-Semester Break |
18-25 April |
|
Week 11: |
Implement procedures and processes to comply with legislative and regulatory requirements |
|
Week 12: |
Assessment 3 Workshop |
|
Week 13: |
Facilitate continuous improvement of compliance management system |
|
Week 14: |
Assessment Q&A |
|
Week 15: |
Course Wrap-up |
Assessment 3 Due: Sunday 01/6/25
|
Week 16: |
Feedback re-sits and resubmissions | |
Week 17: |
Final resubmissions (Grade entry) |
|
Week 18: |
Final resubmissions (Grade entry) |
|
Learning Resources
Prescribed Texts
References
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.
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 presentations and through the application of learned skills and insights to your written tasks. Full assessment briefs will be provided and can be found on CANVAS.
Assessment Tasks
There are three assessment tasks in this course. Detailed Learner guides, dates and instructions are provided in Canvas.
Assessment Matrix
The detailed learner guides can be accessed for each assessment task in Canvas here.
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 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, submitted to the Program Coordinator Suzanne Bevacqua, 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 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
For further information see the Academic Integrity website.
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
Course Overview: Access Course Overview