Unit of competency Outline

Date retreived
23/07/2026 10:02 PM AWST

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Make decisions in a legal context

Make decisions in a legal context

Unit of competency
National Code
FNSACC403
State Code
AUW96
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
16/09/2015
Field of Education
091103 - Legal Studies
Original Release Date
16/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to make decisions, particularly relating to compliance issues, in a legal context. It is intended to satisfy the requirement for a course of study in commercial law at an introductory or foundation level, covering Australian legal systems and processes.It applies to individuals who within their area of responsibility use specialised knowledge to make decisions that require consideration of the legal context.No licensing, legislative or certification requirements apply to this unit at the time of publication
Notes
Elements and Performance Criteria
1. Examine legal context for financial services work
  • 1.1 Identify Australian legal systems and processes
  • 1.2 Identify functions of courts and other regulatory bodies
  • 1.3 Identify implications of relevant legislation, regulation and legal precedent, and apply in making operational decisions
  • 1.4 Seek advice and guidance to evaluate and moderate decision processes
2. Identify compliance requirements
  • 2.1 Accurately interpret compliance requirements
  • 2.2 Review legislative and regulatory sources of information regularly to identify changes to compliance requirements
3. Develop procedures to ensure compliance
  • 3.1 Develop procedures in consultation with others to address compliance requirements
  • 3.2 Establish timetables to meet compliance requirements to align with statutory deadlines
No information
No information
Replaces
State Code National Code Title Type
WC230 FNSACC403B Make decisions in a legal context Unit of competency
Replaced By
State Code National Code Title Type
BBH99 FNSACC413 Make decisions in a legal context Unit of competency