Unit of competency Outline

Date retreived
22/07/2026 10:02 PM AWST

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Maintain asset management system

Maintain asset management system

Unit of competency
National Code
CPPDSM4055A
State Code
D1298
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
07/04/2011
State Implementation and Classification
Approved Date
31/10/2008
Field of Education
080503 - Real Estate
Original Release Date
31/10/2008
Nominal Hours
20
Description
This unit of competency specifies the outcomes required to set up a system of asset control that applies to all property assets. It requires the ability to classify assets in line with organisational requirements.The unit may form part of the licensing requirements for persons working in the property industry, including in the real estate, business broking, stock and station agency and property operations and development sectors, in those States and Territories where these are regulated activities.
Notes
Elements and Performance Criteria
1Determine system requirements.
  • 1.1 System requirements are determined according to business and operational plans and organisational requirements.1.2 Opportunities are given to relevant people to contribute to identification of system requirements.1.3 Recommendations on system requirements are presented in required format, style and structure using relevant business equipment and technology.1.4 Appropriate interpersonal techniques are used to obtain information from relevant people according to organisational requirements.
2Classify assets.
  • 2.1 Assets are identified and classified according to organisational procedures.2.2 Assets are recorded according to Australian accounting standards and legislative requirements.2.3 Level of security and disclosure of financial statements are determined according to organisational requirements.2.4 Reliable processes for classifying and recording assets are used according to organisational requirements, making efficient use of business technology and available time and resources.
3Monitor and report on systems.
  • 3.1 System effectiveness is monitored and evaluated to ensure it meets organisational and system requirements.3.2 Feedback from client and colleagues is used to identify and develop improved systems.3.3 Existing technology is assessed against newly available technology to determine needs and priorities.3.4 Asset information is securely maintained with due regard to client confidentiality according to organisational and legislative requirements.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Systems may be:
computer-based
manual.
Organisational requirements may be outlined and reflected in:
access and equity principles and practice guidelines
business and performance plans
complaint and dispute resolution procedures
goals, objectives, plans, systems and processes
legal and ethical requirements and codes of practice
mission statements and strategic plans
OHS policies, procedures and programs
policies and procedures in relation to client service
quality and continuous improvement processes and standards
quality assurance and procedure manuals.
Relevant people may include:
clients
colleagues
legal representatives
members of industry associations
supervisors
valuers.
Business equipment and technology may include:
computers
data storage devices
email
facsimile machines
internet, extranet and intranet
photocopiers
printers
scanners
software applications, such as databases and word applications.
Interpersonal techniques may include:
active listening
consultation methods
interpreting non-verbal and verbal messages
questioning to clarify and confirm understanding

seeking feedback
using language and concepts appropriate to cultural differences.
Assets may include:
buildings
business and marketing contracts
equipment
furniture
goodwill
land
property
vehicles.
Legislative requirements may be outlined and reflected in:
Australian standards, and quality assurance and certification requirements
award and enterprise agreements
consumer protection
freedom of information
home building requirements
privacy requirements
public health
relevant federal, and state or territory legislation that affects organisational operation, including:
anti-discrimination and diversity
environmental issues
EEO
industrial relations
OHS
relevant industry codes of practice
strata, community and company titles
tenancy agreements
trade practices laws and guidelines.
Feedback may be obtained from:
clients and colleagues
documentation and reports
quality assurance data
questionnaires
regular meetings.
Asset information may relate to:
historical data
insurance
key personnel
lines of responsibility
maintenance schedules
operating environment of organisation, including financial markets, competitors, core business activities, functions and stakeholders
property management reports
register of assets
reports and relevant documentation
residual life of assets.
Clients may include:
agents
company or business enterprises
fund managers
government agencies
insurers
internal and external property groups
legal advisers
private investors
project managers
property agents
property owners
risk assessors.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment
This unit of competency could be assessed through practical demonstration of setting up a system of asset control that applies to all property assets. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
A person who demonstrates competency in this unit must be able to provide evidence of:
determining asset system requirements through consultation and analysis of business and operational plans
classifying and recording assets using Australian accounting standards
knowledge of organisation's practices, ethical standards and legislative requirements associated with setting up a system of asset control that applies to all property assets
monitoring and improving systems using existing technology and obtaining feedback.
Context of and specific resources for assessment
Resource implications for assessment include:
access to suitable simulated or real opportunities and resources to demonstrate competence
assessment instruments that may include personal planner and assessment record book
access to a registered provider of assessment services.
Where applicable, physical resources should include equipment modified for people with disabilities.
Access must be provided to appropriate learning and/or assessment support when required.
Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.
Validity and sufficiency of evidence require that:
competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace
where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence
all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time
assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.
In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.
Replaced By
State Code National Code Title Type
AXG42 CPPDSM4055 Maintain asset management system Unit of competency
State Code National Code Title Type
W975 CPP40611 Certificate IV in Property Services (Operations) Qualification