Qualification Outline
22/07/2026 6:22 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Certificate IV in Entrepreneurship and New Business
Certificate IV in Entrepreneurship and New Business
BSB40320
BFR6
Current
Approved
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 2.00 | 25/01/2022 | Current | Approved |
| 1.00 | 19/10/2020 | Replaced | Approved |
Description
This qualification reflects the role of individuals establishing or operating a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
These individuals use well developed skills and a broad knowledge base to solve a range of unpredictable problems, and analyse and evaluate information from a variety of sources. They may provide leadership and guidance to others and have responsibility for the output of others.
Licensing/Regulatory Information
No licensing, legislative or certification requirements apply to this qualification at the time of publication.
Schedule
Packaging Rules
Total number of units = Ten (10)Four (4) core units plus
Six (6) elective units, of which:
- two (2) elective units must be selected from Group A
- for the remaining four (4) elective units:
- up to three (3) units may be selected from Group A
- up to four (4) units may be selected from Group B
- if not listed, up to two (2) units may be selected from a Certificate III, Certificate IV or Diploma from this or any other currently endorsed Training Package qualification or accredited course.
Elective units must be relevant to the work environment and the qualification, maintain the integrity of the AQF alignment and contribute to a valid, industry-supported vocational outcome.
1. Core units
All four (4) core units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| OCG32 | BSBESB402 | Establish legal and risk management requirements of new business ventures | 55 | Unit of competency |
| OCG11 | BSBESB404 | Market new business ventures | 45 | Unit of competency |
| OCD82 | BSBESB403 | Plan finances for new business ventures | 50 | Unit of competency |
| OCF73 | BSBESB401 | Research and develop business plans | 45 | Unit of competency |
2. Group A – Entrepreneurship and New Business
At least two (2) elective units must be selected from Group A.
Please refer to the packaging rules for the full details of available options.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| OCE25 | BSBESB302 | Develop and present business proposals | 30 | Unit of competency |
| OCE80 | BSBESB406 | Establish operational strategies and procedures for new business ventures | 40 | Unit of competency |
| OCF51 | BSBESB301 | Investigate business opportunities | 25 | Unit of competency |
| OCG28 | BSBESB405 | Manage compliance for small businesses | 55 | Unit of competency |
| OCF11 | BSBESB407 | Manage finances for new business ventures | 50 | Unit of competency |
3. Group B – Transferable Skills
Up to four (4) elective units may be selected from Group B.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| BEA1 | BSB42618 | Certificate IV in New Small Business | Qualification |
| BDZ5 | BSB42518 | Certificate IV in Small Business Management | Qualification |
No information
Entry Requirements
Nil
Traineeships and Apprenticeships