Unit of competency Outline

Date retreived
22/07/2026 10:27 PM 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.

Monitor and review organisational system compliance with legislation and regulations

Monitor and review organisational system compliance with legislation and regulations

Unit of competency
National Code
FNSPRM611
State Code
OCI38
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
04/11/2020
View on TGA
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
080317 - Quality Management
Original Release Date
11/03/2021
Nominal Hours
55
Description
This unit describes the skills and knowledge required to monitor and review systems to ensure that an organisation or business unit complies with legislative and regulatory requirements, and meets standards defined in professional codes of practice.The unit applies to those who use specialised knowledge, systematic approaches and analytical skills to ensure that financial compliance and quality standards are met.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Establish and document procedures for compliance
  • 1.1 Identify legislation, regulations and codes of practice to be complied with in provision of services by the organisation
  • 1.2 Identify compliance procedures to be established
  • 1.3 Identify and consult key stakeholders regarding issues and proposed procedures and guidelines
  • 1.4 Incorporate compliance issues and procedures into organisational guidelines and document appropriately
  • 1.5 Identify and document sources of information and advice on legislative and regulatory requirements
  • 1.6 Establish procedures for confirming currency of information within organisation
  • 1.7 Establish and incorporate into workplace guidelines, ethical procedures and standards for interpreting legislation, regulations and codes of practice
  • 1.8 Establish procedures for monitoring compliance with legislation, regulations and codes of practice within organisation and for outsourced third-party providers
  • 1.9 Document established procedures according to organisational policies and procedures
2. Identify risk management procedures for compliance
  • 2.1 Establish and document structured and systematic risk management process which takes into account organisational obligations under relevant legislation and regulations
  • 2.2 Identify and document risks of non-compliance
  • 2.3 Establish, document and communicate measures to support compliance and steps to be taken in the event of breaches of obligations
  • 2.4 Ensure compliance measures are consistent with state and federal regulations for licensees and authorised representatives
3. Identify and establish appropriate resources for ensuring the practice can meet its compliance requirements
  • 3.1 Identify appropriate levels of financial, technological and human resources to meet organisation’s legislative and regulatory requirements
  • 3.2 Implement training and assessment procedures to ensure employees have skills needed to comply with legislative and regulatory requirements
  • 3.3 Establish clear decision-making procedures on legislative and regulatory issues
  • 3.4 Establish and maintain information technology systems and other technological resources of the organisation necessary to enable compliance with legislative and regulatory requirements
  • 3.5 Ensure budgets, requisition procedures and other internal financial systems clearly identify support for legislative and regulatory functions
  • 3.6 Document and maintain required information according to organisational policies and procedures
No information
No information