Unit of competency Outline

Date retreived
22/07/2026 8:11 AM AWST

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Interpret search results for a conveyancing transaction

Interpret search results for a conveyancing transaction

Unit of competency
National Code
BSBCNV615
State Code
OCG21
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
090901 - Business And Commercial Law
Original Release Date
16/03/2021
Nominal Hours
40
Description
This unit describes skills and knowledge required to conduct searches and analyse and evaluate all relevant conveyancing data for conveyancing transactions following confirmation of initial instructions from the client.The unit applies to individuals who use research skills and systematic approaches to organise and collate complex documentation that meets compliance requirements.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the BSB Companion Volume Implementation Guide or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Identify information needs
  • 1.1 Identify sources of information relevant to the transaction
  • 1.2 Examine documentation and titles and confirm facts relating to transaction
  • 1.3 Define searches to be performed and confirm with client prior to commencement
  • 1.4 Identify and arrange reports and searches with the required bodies according to practice policies and procedures
  • 1.5 Identify applicable fees, taxes, and rebates, and advise client
2. Undertake document investigations
  • 2.1 Perform searches using relevant methods according to practice policies and procedure
  • 2.2 Establish and record legal positions according to practice policies and procedures
  • 2.3 Collect required third-party reports from the relevant bodies
3. Evaluate issues arising with transaction
  • 3.1 Identify, summarise and communicate legal issues and risks to client according to relevant legislation, regulations and practice policies and procedures
  • 3.2 Define and clarify clients’ rights within transaction and communicate with client
  • 3.3 Establish desired outcomes and devise strategies to achieve them in consultation with client
  • 3.4 Assess transaction implications for professional indemnity insurance and take relevant action
4. Deal with third parties and other relevant stakeholders
  • 4.1 Identify relevant third parties and other relevant stakeholders
  • 4.2 Identify information to be obtained from or provided to third parties and other relevant stakeholders
  • 4.3 Conduct consultation with third parties and relevant stakeholders and obtain authorisation
5. Present information relevant to transaction to client
  • 5.1 Present documentation according to relevant legislation and regulations and practice policies and procedures
  • 5.2 Record and document information necessary for transaction to proceed in a legally binding manner in client files
  • 5.3 Advise client of the implications of all information received from or forwarded to relevant parties
No information
No information
Replaces
State Code National Code Title Type
AUM08 BSBCNV601 Identify and conduct searches Unit of competency
State Code National Code Title Type
BFT8 BSB60220 Advanced Diploma of Conveyancing Qualification
BGO7 LGA50120 Diploma of Local Government Qualification