Unit of competency Outline

Date retreived
22/07/2026 5:39 PM AWST

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Apply legal principles in corporation law matters

Apply legal principles in corporation law matters

Unit of competency
National Code
BSBLEG513
State Code
AUJ93
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
15/09/2015
Field of Education
090901 - Business And Commercial Law
Original Release Date
15/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to establish business structures and prepare associated documentation within corporation law frameworks.It applies to individuals who work under supervision and evaluate information from a variety of sources to complete and despatch required information.Its application in the workplace is determined by the job role of the individual and legislation, rules, regulations and codes of practice relevant to different jurisdictions.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify laws and principles of corporation law
  • 1.1 Source knowledge of corporation law and related legislation
  • 1.2 Identify different types of business structures and clearly outline their structure, personnel, legal obligations, establishment procedures and purpose
  • 1.3 Identify differences between proprietary companies and public companies, and clearly outline the legal obligations, criteria and purpose of each
2. Enhance professional practice through application of relevant corporation law principles to business structures
  • 2.1 Identify consequences of incorporation
  • 2.2 Identify structure, contents and purposes of an organisation’s memorandum of association and articles of association
  • 2.3 Identify other specific activities relevant to corporation law
3. Undertake administrative tasks associated with corporation law
  • 3.1 Prepare forms, documents and annexures at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department
  • 3.2 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties
  • 3.3 Provide assistance in preparing company prospectus where required
  • 3.4 Arrange meetings as necessary to discuss nature of debenture and assets underwriting the charge
  • 3.5 Undertake appropriate searches and obtain search documents from relevant agencies
  • 3.6 Prepare forms and documents related to administration of charges at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department
  • 3.7 Determine types of costs for legal services in accordance with legislative and regulatory requirements
  • 3.8 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties
No information
No information
Replaces
State Code National Code Title Type
WB910 BSBLEG513A Apply legal principles in corporation law matters Unit of competency
Replaced By
State Code National Code Title Type
OCF76 BSBLEG529 Apply legal principles in corporation law matters Unit of competency