Unit of competency Outline

Date retreived
22/07/2026 7:42 AM AWST

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Manage succession planning

Manage succession planning

Unit of competency
National Code
AHCAGB607
State Code
OBK44
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/10/2019
View on TGA
State Implementation and Classification
Approved Date
28/01/2020
Field of Education
080321 - Farm Management And Agribusiness
Original Release Date
28/01/2020
Nominal Hours
45
Description
This unit of competency describes the skills and knowledge required to manage and plan the succession and distribution of an estate within a family agricultural business context.This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities. All work must be carried out to comply with workplace procedures, work health and safety legislation and codes, and sustainability practices.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify succession planning requirements
  • 1.1 Identify and assess contingency and succession arrangements against enterprise and individual requirements
  • 1.2 Identify and evaluate income continuation options to find best fit for enterprise requirements
  • 1.3 Identify and distinguish personal and business goals
  • 1.4 Consider needs of those affected by succession arrangements in estate planning
2. Clarify succession planning arrangements
  • 2.1 Make clear plans for retirement of, and inheritance to, all relevant parties
  • 2.2 Consider legal and financial implications of succession planning in determining succession arrangements and estate distribution
  • 2.3 Discuss, clarify and mediate apparent inequities in estate distribution
  • 2.4 Seek external advice as required to clarify obligations and potential effects on business performance
3. Implement succession planning
  • 3.1 Determine and implement strategies for estate distribution and succession
  • 3.2 Monitor and review estate structures and transfer arrangements against tax and legislative requirements
  • 3.3 Monitor estate planning and succession against enterprise performance
  • 3.4 Complete relevant documentation to meet legal and procedural obligations
No information
No information
Replaces
State Code National Code Title Type
BAM43 AHCAGB602 Manage estate planning Unit of competency