Unit of competency Outline
Date retreived
21/07/2026 11:21 PM AWST
21/07/2026 11:21 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.
Finance a project
Finance a project
Unit of competency
National Code
CUSFIN01A
CUSFIN01A
State Code
C4103
C4103
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
16/04/2003
Field of Education
080505 - Marketing
Original Release Date
16/04/2003
Nominal Hours
63
Description
This unit describes the skills and knowledge required in raising the finance for an artistic or creative project and negotiating the interest of the various parties in the product. This unit is imported from the entertainment industry national training package, with necessary changes made to the range of variables and evidence guide statements ensuring its applicability to the other sectors of the cultural industries.This unit describes the skills and knowledge required in raising the finance for an artistic or creative project and negotiating the interest of the various parties in the product. This unit is imported from the entertainment industry national training package, with necessary changes made to the range of variables and evidence guide statements ensuring its applicability to the other sectors of the cultural industries.
Notes
Elements and Performance Criteria
1 Clarify the financial scope of the project
- 1.1 Identify what the proposal to be financed involves and determine the scope and funding needs of the project
- 1.2 Determine the stage of the project at which finance is to be sought
- 1.3 Determine the level of funding required and identify the optimum funding arrangements
2 Identify sources of finance
- 2.1 Research possible sources of finance
- 2.2 Find out how the proposal should be structured to attract the funding from a particular source
- 2.3 Determine which sources of funding apply to the type of project proposed and decide which funding source to approach
3 Develop the proposal
- 3.1 Decide on the approach to take in the submission and collect material to support the proposal
- 3.2 Prepare proposal to include:overview of the project and objectivesthe purpose and amount of finance requiredthe proposed structure of the project operationthe operational and marketing planprojected financial performancemanagement and creative experience involvedlevel of risk involvedother appropriate sections depending on the needs of the particular project
- 3.3 Develop the proposal in best form to attract funding from the chosen source
- 3.4 Include estimates of costs and benefits supported by valid and relevant information
- 3.5 Define the structure of the funding plan and the proposed interest of the various parties
4 Obtain legal advice
- 4.1 Seek legal advice on all aspects of the proposal such as tax structure, rights and responsibilities and incorporate the advice into the funding proposal
- 4.2 Submit the final proposal for advice on compliance with legal, tax and regulatory requirements and get final agreement checked by the lawyers to ensure that it meets the requirements
5 Present the proposal to funding body or prospective investors
- 5.1 Make an effective presentation to the funding body or prospective investors using appropriate communication techniques, to explain the details of the proposal emphasising the creative possibilities and the benefits of the project
- 5.2 Evaluate the presentation to identify strengths and weaknesses to inform subsequent presentations
6 Negotiate terms and conditions of investment
- 6.1 Conduct negotiations with representatives of the funding body or prospective investors to determine terms and conditions of the grant/investment
- 6.2 Conduct meetings to discuss financial proposals in a professional and businesslike manner
7 Finalise formal agreement
- 7.1 Finalise agreement including accurate information on rights and responsibilities of all parties to the funding agreement and document agreement
- 7.2 Circulate documents detailing funding agreement and terms and conditions of the agreement to all stakeholders as quickly as possible.
- 7.3 Determine reporting and review process required and set up processes for monitoring compliance with the agreement
- 7.4 Include consultation with the legal adviser in the finalisation of the agreement
Range of variables
Variable
Scope
Funding bodies may include:
Government departments
enterprises
individuals
professional organisations
finance institutions
special public funding programs
Projects may include:
feature films
short films
documentaries
radio programs
multimedia games
multimedia education and training programs
advertisements
and a range of other projects
Interest in the project may be:
percentage of profits
share of copyright
product placement
acknowledgments
Variable
Scope
Funding bodies may include:
Government departments
enterprises
individuals
professional organisations
finance institutions
special public funding programs
Projects may include:
feature films
short films
documentaries
radio programs
multimedia games
multimedia education and training programs
advertisements
and a range of other projects
Interest in the project may be:
percentage of profits
share of copyright
product placement
acknowledgments
Evidence guide
Underpinning knowledge and skills
Assessment must include evidence of essential knowledge of, and skills in, the following areas:
the structure of the industry
the range of funding sources
good communications and presentation skills
any incentive or tax concession schemes
high level negotiation skills
Linkages to other units
This unit has strong linkages to the following units and combined training delivery and/or assessment is recommended:
CUEFIN1A Develop a budget
CUSGEN05A Make presentations
CUSADM07A Establish and maintain work/contractual
relationships
CUEFIN03A Obtain sponsorship
Critical aspects of evidence
The following evidence is critical to the judgement of competence in this unit:
the development of a professional and appropriate proposal for funding
ability to negotiate at a high level with funding bodies or investors
Method and context of assessment
Assessment may take place on the job, off the job or a combination of both of these. However, assessment of this unit would most effectively be undertaken on the job due to the specific workplace environment requirements. Off the job assessment must be undertaken in a closely simulated workplace environment.
Assessment may incorporate a range of methods to assess performance and the application of essential underpinning knowledge, and might include:
case studies
work samples or simulated workplace activities
oral questioning/interview
projects/reports/logbooks
third party reports and authenticated prior achievements
portfolios of evidence
Resource requirements
This unit requires access to the sources of information needed to prepare the funding proposal. There is no specialist equipment required apart from access to a computer and appropriate software.
Key Competencies
Level
Collecting, organising and analysing information
3
Communicating ideas and information
3
Planning and organising activities
3
Working with others and in teams
3
Solving problems
3
Using mathematical ideas and techniques
3
Using technology
2
Underpinning knowledge and skills
Assessment must include evidence of essential knowledge of, and skills in, the following areas:
the structure of the industry
the range of funding sources
good communications and presentation skills
any incentive or tax concession schemes
high level negotiation skills
Linkages to other units
This unit has strong linkages to the following units and combined training delivery and/or assessment is recommended:
CUEFIN1A Develop a budget
CUSGEN05A Make presentations
CUSADM07A Establish and maintain work/contractual
relationships
CUEFIN03A Obtain sponsorship
Critical aspects of evidence
The following evidence is critical to the judgement of competence in this unit:
the development of a professional and appropriate proposal for funding
ability to negotiate at a high level with funding bodies or investors
Method and context of assessment
Assessment may take place on the job, off the job or a combination of both of these. However, assessment of this unit would most effectively be undertaken on the job due to the specific workplace environment requirements. Off the job assessment must be undertaken in a closely simulated workplace environment.
Assessment may incorporate a range of methods to assess performance and the application of essential underpinning knowledge, and might include:
case studies
work samples or simulated workplace activities
oral questioning/interview
projects/reports/logbooks
third party reports and authenticated prior achievements
portfolios of evidence
Resource requirements
This unit requires access to the sources of information needed to prepare the funding proposal. There is no specialist equipment required apart from access to a computer and appropriate software.
Key Competencies
Level
Collecting, organising and analysing information
3
Communicating ideas and information
3
Planning and organising activities
3
Working with others and in teams
3
Solving problems
3
Using mathematical ideas and techniques
3
Using technology
2
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| D2882 | CUSFIM501A | Secure funding for projects | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| 7488 | 51165 | Advanced Diploma of Design Enterprise | Accredited course |
| C398 | CUF60501 | Advanced Diploma of Multimedia | Qualification |
| C413 | CUF60101 | Advanced Diploma of Screen | Qualification |