Unit of competency Outline

Date retreived
22/07/2026 7:56 AM AWST

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Divest strategic assets

Divest strategic assets

Unit of competency
National Code
PSPPROC603C
State Code
D3744
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
07/03/2012
State Implementation and Classification
Approved Date
05/11/2014
Field of Education
080313 - Public And Health Care Administration
Original Release Date
05/11/2014
Nominal Hours
50
Description
This unit covers the competencies required to dispose of high risk and high value government assets, such as government businesses, property, strategic infrastructure, intellectual property and other high value items. It includes identifying strategic assets for disposal, developing a disposal plan for divesting strategic assets, divesting the assets and evaluating the divestment activity.In practice, divesting strategic assets may occur in the context of other generalist and specialist work activities, such as maintaining and enhancing confidence in public service or local government, establishing and maintaining strategic networks, managing compliance with legislation in the public service or local government, managing risk, developing a business case, planning for strategic procurement, coordinating strategic procurement, negotiating strategic procurement and managing strategic contracts.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Identify strategic assets for divestment
  • 1.1. Strategic assets are identified and delineated for divestment in accordance with legislation, government objectives, policies, practice and probity requirements.
  • 1.2. Disposal plans developed at the time of purchase are identified and examined.
  • 1.3. Potential market value of assets is determined and substantiated.
2. Develop a disposal plan for divesting strategic assets
  • 2.1. Business case to commence the divestment strategy is developed which includes examination of options for disposal and explanation of the recommended strategy.
  • 2.2. Continuing government or organisational obligations post-divestment are identified and strategies are developed to address them.
  • 2.3. Disposal plan is developed.
  • 2.4. Disposal plan is evaluated and modified prior to approval, if required.
  • 2.5. Required approvals are obtained according to organisational policy and procedures.
3. Implement disposal plan
  • 3.1. Approved disposal plan is actioned.
  • 3.2. Business case is developed, based on prices offered and according to disposal plan.
  • 3.3. Negotiations are conducted and finalised according to the plan.
4. Evaluate divestment activity
  • 4.1. Disposal plan, immediate outcome of divestment, and long-term outcomes for service provision and government are evaluated.
  • 4.2. Recommendations are made for future divestment.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Strategic assets may include:
property, including housing:
listed properties
highly polluted properties
high-end military equipment
strategic infrastructure
intellectual property
high value items, e.g. computer mainframes
government businesses.
Legislation, government objectives, policies and practice may include:
commonwealth, state and territory, and local government legislation and regulations
council rules and by-laws
national competition policy
sectoral or organisational policies on:
procurement
disposal
human resource management
severance, transfer and redeployment
environmental legislation and policy
broad government policies, including Minister's public announcements and party platforms.
Options for divestment may include:
sale of business or business assets
sale of business with strategic assets leased
employee buy-out
tender
auction.
Disposal plan takes account of:
human resources
industrial relations issues
service continuity
government policies
environmental, sustainability and corporate social responsibility principles.
Required approvals may include:
Minister
Cabinet
regulatory agencies.
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Competency must be demonstrated in divesting strategic assets consistently and in accordance with legislative and organisational requirements.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Assessment must confirm the ability to:
use different methods to identify strategic assets for disposal
develop a strategy for the divestment of strategic assets that considers all relevant disposal options
develop a disposal plan
implement a disposal plan
review the disposal activity and make recommendations about improvements that could be implemented in future disposals of strategic assets
act within own delegations and refer issues to higher authority when necessary.
Consistency in performance
Competency should be demonstrated by providing evidence of undertaking a range of relevant work tasks in an actual or simulated procurement environment on at least two separate occasions.
Context of and specific resources for assessment
The unit of competency is to be assessed in the workplace or a simulated workplace environment.
Access may be required to:
legislation, policy, procedures and protocols relating to divesting assets at the strategic level
codes of conduct and codes of practice
long-term government policy papers, such as White Papers
workplace scenarios and case studies relating to a range of strategic procurement and disposal activities.
Method of assessment
The following assessment methods are suggested:
questions to assess understanding of relevant legislation and procedures
review of strategies and approaches adopted for divesting strategic assets
review of strategic procurement plans, business cases, strategic disposal plans, disposal budgets, disposal tender documentation, formal sign-offs and approvals, and other documentation prepared or reviewed by the candidate in a range of contexts
review of stakeholder engagement approaches adopted by the candidate.
In all cases, practical assessment should be supported by questions to assess underpinning knowledge and those aspects of competency which are difficult to assess directly. Candidates for this qualification must demonstrate a high level of understanding and practical workplace application of underpinning knowledge. Questioning techniques should suit the language and literacy levels of the candidate.
Guidance information for assessment
Evidence must be gathered over time in a range of contexts to ensure the person can achieve the unit outcome and apply the competency in different situations or environments.
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
PSPETHC601B Maintain and enhance confidence in public service
PSPLEGN601B Manage compliance with legislation in the public sector
PSPMNGT607B Develop a business case
PSPMNGT608B Manage risk
PSPMNGT609B Formulate business strategies
PSPPM601B Direct complex project activities
PSPPROC606B Negotiate strategic procurement
PSPPROC607A Manage strategic contracts.
Replaces
State Code National Code Title Type
C8260 PSPPROC603B Divest strategic assets Unit of competency
Replaced By
State Code National Code Title Type
AWU28 PSPPCM019 Divest strategic assets Unit of competency