Unit of competency Outline

Date retreived
22/07/2026 11:10 AM AWST

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Seek and apply for funding opportunities

Seek and apply for funding opportunities

Unit of competency
National Code
BSBGOV505
State Code
AWG25
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
14/01/2016
View on TGA
State Implementation and Classification
Approved Date
05/07/2016
Field of Education
080301 - Business Management
Original Release Date
05/07/2016
Nominal Hours
45
Description
This unit describes the skills and knowledge required to seek and apply for funding opportunities that complement or expand the organisation's purpose, strategies and activities. It includes locating funding sources in order to make submissions. It applies to individuals responsible for monitoring, guiding and undertaking decision making activities as members of committees or boards of governance.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Discuss organisational business ideas to seek funding
  • 1.1 Canvass organisational stakeholders for business ideas and options that are relevant to the organisation's objectives and purpose
  • 1.2 Discuss business ideas with other board or committee members and agree on the potential sourcing of external funding
2. Research potential funding sources
  • 2.1 Gather information about potential funding bodies' priorities
  • 2.2 Analyse potential funding sources that meet organisational objectives, needs and/or aspirations
  • 2.3 Analyse potential project or grant funding and the resource implications of successful submissions
  • 2.4 Discuss potentially appropriate funding projects or grants with other board or committee members with a view to making submissions at the required times
3. Apply for funding
  • 3.1 Seek advice or form a team to oversee funding applications of identified funding sources, seeking expert advice where appropriate
  • 3.2 Identify and address project funding criteria within set timelines
  • 3.3 Arrange for the editing of funding application(s)
  • 3.4 Submit the funding application by the due date
4. Conduct submission follow-up activity
  • 4.1 Put processes and resources in place for successful applications that ensure project or grant deliverables are met within set timelines
  • 4.2 Seek and document feedback for unsuccessful applications to inform and improve future funding submission activity and consider if it is appropriate to conduct appeal processes
No information
No information
Replaced By
State Code National Code Title Type
OCD68 BSBOPS406 Participate in organisational governance Unit of competency
State Code National Code Title Type
BDZ9 BSB52318 Diploma of Governance Qualification
AZJ0 BSB52315 Diploma of Governance Qualification