Unit of competency Outline

Date retreived
22/07/2026 2:46 PM AWST

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Apply complex public sector financial requirements

Apply complex public sector financial requirements

Unit of competency
National Code
PSPGEN110
State Code
ODW75
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
03/04/2022
View on TGA
State Implementation and Classification
Approved Date
08/07/2022
Field of Education
080101 - Accounting
Original Release Date
08/07/2022
Nominal Hours
60
Description
This unit describes the performance outcomes, skills and knowledge required to interpret complex financial policies and procedures and provide advice on complex financial issues. This unit applies to those working in the public sector in specialist financial roles. Those undertaking this unit work autonomously, supervising others where necessary. They perform complex tasks in a familiar context.The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Interpret and apply complex public sector financial requirements.
  • 1.1. Identify public sector financial requirements.
  • 1.2. Interpret and explain public sector financial management compliance framework hierarchy to ensure organisational compliance with framework requirements.
  • 1.3. Provide advice regarding interpretation of public sector financial policies and procedures and accounting standards.
  • 1.4. Interpret and provide information on organisational financial controls and accountabilities to management and staff.
  • 1.5. Develop and refine business solutions for the organisation based on the framework.
2. Establish and apply internal financial controls.
  • 2.1. Analyse current internal controls for improvement and revise or replace as required.
  • 2.2. Review controls to ensure they include effective delegation levels, lines of responsibility, and associated accountabilities.
  • 2.3. Check controls for consistency with government policy and organisational structure.
  • 2.4. Implement, document and make accessible systems and surrounding control procedures.
3. Formulate and maintain financial policy and procedures.
  • 3.1. Interpret public sector financial policies and procedures and provide advice on the implications for organisational financial policies and procedures.
  • 3.2. Develop and approve organisational financial policies and procedures.
  • 3.3. Provide input to inter-departmental accounting groups responsible for policy development.
  • 3.4. Develop policies to meet regulatory and legislative requirements.
No information
No information
Replaces
State Code National Code Title Type
AWV26 PSPGEN078 Apply complex public sector financial requirements Unit of competency
State Code National Code Title Type
BHP0 PSP60122 Advanced Diploma of Government Qualification