Unit of competency Outline

Date retreived
22/07/2026 1:03 AM AWST

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Administer artists' royalty income

Administer artists' royalty income

Unit of competency
National Code
CUAMGT404
State Code
AWI40
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
15/01/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
080301 - Business Management
Original Release Date
21/07/2016
Nominal Hours
30
Description
This unit describes the skills and knowledge required to negotiate and distribute royalty and other income due to artists.It applies to individuals who negotiate financial agreements with artists about recording their performances for distribution through a range of physical and digital outlets. These agreements may also include associated products, or the right of third parties to associate their brands with artists. Employees of record companies, artist managers and, at times, artists apply the skills and knowledge outlined in this unit.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Clarify terms and conditions of agreements with artists
  • 1.1 Identify products and rights to be covered in agreements with artists
  • 1.2 Calculate income in line with contractual arrangements
  • 1.3 Negotiate royalties arising from the reproduction of artists’ recordings and associated products
  • 1.4 Confirm royalty negotiations reflect the commercial stature of the work
  • 1.5 Discuss, confirm and document terms and conditions to be included in agreements with artists
  • 1.6 Ensure commercial interests of artists and any third parties are balanced and clearly articulated
  • 1.7 Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions
2. Disperse income and maintain financial records
  • 2.1 Use relevant software to calculate royalties and income in line with agreements
  • 2.2 Distribute income to artists in line with agreements
  • 2.3 Update files systematically to maintain currency and accuracy of records and reporting
  • 2.4 Identify and resolve queries or discrepancies in payments within scope of own role or refer to relevant personnel
No information
No information
Replaces
State Code National Code Title Type
D2902 CUSMGT404A Administer artists' royalty income Unit of competency
State Code National Code Title Type
BGW3 CUA40920 Certificate IV in Music Qualification
BGV2 CUA50820 Diploma of Music Qualification
BOF8 CUA50825 Diploma of Music Qualification
AZN6 CUA40915 Certificate IV in Music Industry Qualification
AZN0 CUA50815 Diploma of Music Industry Qualification