Elements and Performance Criteria

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.
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.
Assets may relate to:
buildings
business and marketing contracts
equipment
furniture
goodwill
land
facilities
vehicles.
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.
Interpersonal techniques may include:
active listening
clear presentation of options
consultation methods
culturally inclusive and sensitive engagement techniques
questioning to clarify and confirm understanding
seeking feedback
two-way interaction
using language and concepts appropriate to cultural differences
verbal or non-verbal language.
Relevant people may include:
accountants
clients
colleagues
legal representatives
members of industry associations
supervisors
taxation specialists
valuers.
Source documents may include:
asset valuation statements
company asset documents and registers
comparative market data
depreciation schedules
financial documents
qualitative and quantitative data
reports and inventories
taxation records.
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.
Comparative market data may include:
best practice information
national and international benchmarking
inter-organisation comparison data.
Specialist advice may be sought from:
accountants
bankers and financiers
business consultants
government officials
investment consultants
members of industry associations
real estate agents
solicitors
subcontractors
taxation specialists
technical experts
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.
Feedback may be obtained from:
clients and colleagues
documentation and reports
quality assurance data
questionnaires
regular meetings.
Information may relate to:
historical data
insurance
maintenance schedules
operating environment of organisation, including financial markets, competitors, core business activities, functions and stakeholders
property, facility and asset leases and contracts
property, facility and asset management reports
reports and relevant documentation
useful and residual life of asset.

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 placing a value on facilities and 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 market value of facility or asset using market data and established accounting procedures
knowledge of organisation's practices, ethical standards and legislative requirements associated with placing a value on facilities and assets
presenting facility or asset valuation in a clear and comprehensive format
researching and analysing asset information to clarify status and ownership of facility or asset.
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.