Unit of competency Outline

Date retreived
22/07/2026 1:37 AM 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.

Apply knowledge of international finance and insurance to complete work requirements

Apply knowledge of international finance and insurance to complete work requirements

Unit of competency
National Code
BSBINT306
State Code
AUK15
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080311 - International Business
Original Release Date
15/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to apply knowledge of international finance and insurance to complete work requirements. Work may be for an external client or for the organisation in which the individual is employed.It applies to individuals who work under the supervision of a more experienced colleague in various international work contexts. They may exercise discretion and judgement using appropriate theoretical knowledge of international finance and insurance. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Maintain currency of knowledge of finance and insurance
  • 1.1 Assess personal knowledge and skills in the area of finance and insurance against needs and available standards to determine currency and adequacy of own knowledge and skills
  • 1.2 Identify the various insurance types available and their application for international trade
  • 1.3 Identify knowledge and skill gaps
  • 1.4 Undertake development to ensure currency and adequacy of knowledge and skills in applying finance and insurance to own work
2 Identify information requirements and access available information
  • 2.1 Determine specific needs for information
  • 2.2 Access enterprise resources to obtain available information
  • 2.3 Check and access information from available resources against specific needs
  • 2.4 Access further information if required
3 Interpret and analyse available information
  • 3.1 Collect and collate available information for analysis
  • 3.2 Interpret, analyse and process available information to obtain required information
  • 3.3 Seek assistance of enterprise personnel and relevant third parties if required, to interpret, analyse and synthesise required information
  • 3.4 Check outputs of analysis process against required information and specific needs
  • 3.5 Undertake further research and analysis to meet specific needs if required
4 Apply knowledge to specific international trading operations
  • 4.1 Use outcomes of research and analysis to facilitate international trading operations in compliance with relevant legislation (Australian and international), trade conventions and agreements, and international financing arrangements
  • 4.2 Complete documentation according to enterprise standards, instructions supplied with document or form, and directions obtained from originator of form or document
  • 4.3 Check documentation for accuracy and correctness by self and manager or supervisor as required
No information
No information
Replaces
State Code National Code Title Type
D0768 BSBINT306B Apply knowledge of international finance and insurance to complete work requirements Unit of competency
Replaced By
State Code National Code Title Type
OCF95 BSBFIN302 Maintain financial records Unit of competency
State Code National Code Title Type
AVS0 BSB30615 Certificate III in International Trade Qualification