Unit of competency Outline

Date retreived
22/07/2026 8:33 AM AWST

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Apply legal principles in contract and consumer law

Apply legal principles in contract and consumer law

Unit of competency
National Code
FNSTPB503
State Code
AUT40
TGA Status
Current
DTWD Status
Approved
Current Release Number
2.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
091103 - Legal Studies
Original Release Date
16/09/2015
Nominal Hours
55
Description
This unit describes the skills and knowledge required to research, analyse and apply legal principles to provide advice on contract and consumer law implications to clients.It applies to individuals whose job role involves the application of knowledge of contract and consumer law in the workplace.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Research legal aspects of contract and consumer law
  • 1.1 Identify client's circumstances that require advice on contract or consumer law matters
  • 1.2 Research contract and consumer law and related legislation, regulation and practice
  • 1.3 Identify different types of relevant contract and consumer transactions, and clearly outline their legal context, establishment procedures and purpose
  • 1.4 Identify legal principles applying to contract and consumer matters that are relevant to client circumstances
2. Analyse legal issues and risks associated with operation of a business
  • 2.1 Identify areas of risk in application of law in contract and consumer matters
  • 2.2 Analyse how legal issues impact on different types of business structures and legal entities
  • 2.3 Evaluate relevance to client circumstances and implication of risks for structure, operation and performance of different legal entities
3. Apply knowledge of contract and consumer laws to client circumstances
  • 3.1 Collect and collate client's available information for analysis
  • 3.2 Interpret, analyse and process available information to obtain required knowledge applicable to client's circumstances
  • 3.3 Seek advice and guidance of specialist, if required, to interpret, analyse and synthesise client and legal information
  • 3.4 Provide advice to clients based on their circumstances and relevant law
4. Maintain legal knowledge
  • 4.1 Review client's circumstances and apply any changes in relevant aspects of contract or consumer law
  • 4.2 Review relevant legal sources regularly and apply any changes in daily work
  • 4.3 Access and use systems for keeping up with changes and maintaining up-to-date knowledge about relevant legal aspects of contract or consumer law
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