Unit of competency Outline

Date retreived
22/07/2026 8:18 AM AWST

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Manage compliance for small businesses

Manage compliance for small businesses

Unit of competency
National Code
BSBESB405
State Code
OCG28
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080301 - Business Management
Original Release Date
16/03/2021
Nominal Hours
55
Description
This unit describes the skills and knowledge required to develop and implement strategies for managing compliance obligations for small businesses. The unit requires broad knowledge of regulatory and legislative requirements used when developing these strategies.The unit applies to those establishing or operating 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.
Notes
Elements and Performance Criteria
1. Determine compliance obligations
  • 1.1 Research internal and external compliance requirements and relevant Australian and international standards
  • 1.2 Research codes of practice and material that interprets obligations and legislative requirements
  • 1.3 Apply research information to determine relevance to business operations, products and services
  • 1.4 Document compliance requirements, risks and consequences of possible breaches applicable to own business
2. Develop strategies to manage compliance requirements
  • 2.1 Draft compliance management framework, prioritising areas where breaches have critical implications for the business
  • 2.2 Validate draft compliance management framework using external expertise and/or sources of advice according to workplace procedures
  • 2.3 Allocate responsibilities for compliance functions according to compliance management framework and workplace procedures
3. Implement and monitor compliance management strategies
  • 3.1 Select interval between cyclical compliance checks according to compliance management framework
  • 3.2 Communicate compliance requirements to required people
  • 3.3 Record timing and outcomes of compliance checks according to business requirements and workplace procedures
  • 3.4 Take action to address non-compliances according to compliance management framework and confirm that non-compliances have been resolved
4. Conduct improvement in compliance management
  • 4.1 Review outcomes of compliance checks to identify operational problems
  • 4.2 Analyse non-compliances to determine modifications required
  • 4.3 Update compliance management strategies based on information analysed
  • 4.4 Communicate changes in compliance management strategies to relevant people
No information
No information
Replaces
State Code National Code Title Type
AWF72 BSBSMB418 Manage compliance for small business Unit of competency