Unit of competency Outline
Date retreived
22/07/2026 10:40 PM AWST
22/07/2026 10:40 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.
Manage information on legal entities, relationships and property
Manage information on legal entities, relationships and property
Unit of competency
National Code
PSPREV012
PSPREV012
State Code
ODW54
ODW54
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
08/07/2022
Field of Education
090901 - Business And Commercial Law
Original Release Date
08/07/2022
Nominal Hours
20
Description
This unit describes the performance outcomes, skills and knowledge required to apply the legal principles that apply to legal entities, relationships and property. Those undertaking this unit would work independently, performing complex tasks in a familiar context.The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Determine legal entities.
- 1.1. Identify types of legal entities and confirm features of each.
- 1.2. Analyse transactions to determine the legal entities involved.
- 1.3. Determine liabilities of legal entities in accordance with the particular transactions.
2. Identify and apply information relating to legal relationships.
- 2.1. Identify formation, type and nature of the legal relationships involved in transactions.
- 2.2. Map interrelationships involved in transactions to guide decision-making.
- 2.3. Identify legal responsibilities of particular relationships in accordance with the particular transactions.
- 2.4. Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.
3. Identify and apply information relating to property and assets of legal entities.
- 3.1. Clarify the nature and legal types of property, and principles relating to them.
- 3.2. Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.
- 3.3. Identify value of property and nature of ownership.
- 3.4. Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.
- 3.5. Map the property and assets of legal entities and examine and record their interrelationships.
- 3.6. Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AWT65 | PSPREV003 | Manage information on legal entities, relationships and property | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BHO9 | PSP40122 | Certificate IV in Government | Qualification |