Elements and Performance Criteria

entering into funding agreements
approve expenditures
vary the agreed budget

Board members only
a combination of Board members and management
management only within limits

taxation
GST
worker's compensation
superannuation

computer based systems
manual systems

monthly income and expenditure figures
financial projections

approve / decline expenditures
budget variations

Registrar of Aboriginal and Torres Strait Islander Corporations
Commonwealth, State or Territory Departments

Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the following is essential:

Integrated demonstration of all elements of competency and their performance criteria, and
The organisation's finances are understood and properly managed

Context of and specific resources for assessment

Assessment must ensure:

This unit of competency should be assessed through the performance of Board duties, but in the event that there is no opportunity to observe such a performance a simulated environment can be used but such simulation must replicate Board conditions in terms of: performing the task; managing a number of different tasks; coping with irregularities and breakdowns in routine; dealing with the responsibilities and expectations of the Board, including working with others; and transferring competency to other situations
Knowledge and performance to be assessed over time to confirm consistency in performance

Method of assessment

The following assessment method is appropriate for this unit:

Performance of Board duties, or through an accurate simulation of Board duties

Guidance information for assessment