Unit of competency Outline
Date retreived
23/07/2026 4:28 PM AWST
23/07/2026 4:28 PM 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 relevant finance, leasing and insurance contracts/policies
Apply relevant finance, leasing and insurance contracts/policies
Unit of competency
National Code
AURC341903A
AURC341903A
State Code
W2833
W2833
TGA Status
Deleted
Deleted
DTWD Status
Deleted
Deleted
State Implementation and Classification
Approved Date
19/08/2014
Field of Education
080101 - Accounting
Original Release Date
19/08/2014
Nominal Hours
20
Description
This unit of competency covers the competence required to determine the finance/leasing and insurance requirements of customers and complete documentation, taking into account legal requirements.
Notes
Elements and Performance Criteria
1. Identify finance/leasing options and documentation
- 1.1. Finance/leasing option is identified to meet specific needs of customer, including affordability and payment structure
- 1.2. A finance/leasing provider is identified
2. Apply finance/leasing documentation
- 2.1. Contracts and finance/leasing documents are completed and agreed/signed by customer
- 2.2. Legal requirements are identified and observed
3. Identify insurance policies and documentation
- 3.1. Type of insurance policy for customer is identified taking into account customer's requirements and insurance document and vehicle type and age
- 3.2. Insurance provider is chosen according to policy price, customer requirements and enterprise policies and procedures
4. Apply insurance documentation
- 4.1. Insurance contract/policy documentation is completed and agreed/signed by customer
- 4.2. Legal requirements are identified and observed
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, if used in the performance criteria, is detailed below. 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) may also be included.
Methods
Methods include:
determining customer leasing/finance and/or insurance requirements and undertaking documentation procedures
written, oral, fax or email
Information/documents
Information/documents may include:
enterprise operating procedures
product manufacturer/component supplier specifications
customer requirements
industry/workplace codes of practice
Occupational health and safety (OHS) practices
OHS practices must abode by:
state/territory OHS legislation
award provisions
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, if used in the performance criteria, is detailed below. 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) may also be included.
Methods
Methods include:
determining customer leasing/finance and/or insurance requirements and undertaking documentation procedures
written, oral, fax or email
Information/documents
Information/documents may include:
enterprise operating procedures
product manufacturer/component supplier specifications
customer requirements
industry/workplace codes of practice
Occupational health and safety (OHS) practices
OHS practices must abode by:
state/territory OHS legislation
award provisions
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
It is essential that competence is fully observed and there is ability to transfer competence to changing circumstances and to respond to unusual situations in the critical aspects of:
correctly identifies and satisfies customer finance/ leasing and insurance requirements and completing documentation
interpreting and conveying workplace information
maintenance of workplace documents.
Context of and specific resources for assessment
The underpinning knowledge and skills may be assessed on or off the job.
The assessment of practical skills must take place only after a period of supervised practice and repetitive experience. If workplace conditions are not available assessment, in simulated workplace conditions is acceptable.
The prescribed outcome must be achieved without direct supervision.
The following should be made available:
a workplace or simulated workplace
finance and leasing agreements
insurance policies
documents and stationery
computer, calculator and general office equipment
a qualified workplace assessor.
Method of assessment
Practical assessments:
maintain industry documents
convey information both orally and in writing
access, interpret and apply finance/lease agreements
access, interpret and apply insurance policies
complete finance/leasing and insurance documentation.
Guidance information for assessment
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
It is essential that competence is fully observed and there is ability to transfer competence to changing circumstances and to respond to unusual situations in the critical aspects of:
correctly identifies and satisfies customer finance/ leasing and insurance requirements and completing documentation
interpreting and conveying workplace information
maintenance of workplace documents.
Context of and specific resources for assessment
The underpinning knowledge and skills may be assessed on or off the job.
The assessment of practical skills must take place only after a period of supervised practice and repetitive experience. If workplace conditions are not available assessment, in simulated workplace conditions is acceptable.
The prescribed outcome must be achieved without direct supervision.
The following should be made available:
a workplace or simulated workplace
finance and leasing agreements
insurance policies
documents and stationery
computer, calculator and general office equipment
a qualified workplace assessor.
Method of assessment
Practical assessments:
maintain industry documents
convey information both orally and in writing
access, interpret and apply finance/lease agreements
access, interpret and apply insurance policies
complete finance/leasing and insurance documentation.
Guidance information for assessment
No information
| State Code | National Code | Title | Type |
|---|---|---|---|
| AZH0 | MSM41115 | Certificate IV in Recreational Vehicle and Accessories Retailing | Qualification |
| W956 | MSA40710 | Certificate IV in Recreational Vehicle and Accessories Retailing | Qualification |
| W954 | MSA30710 | Certificate III in Recreational Vehicle and Accessories Retailing | Qualification |
| AZG4 | MSM31215 | Certificate III in Recreational Vehicle and Accessories Retailing | Qualification |