Elements and Performance Criteria

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.
Tax matters to consider include:
pay rates
entitlements under Fair Work legislation
health fund membership and Medicare levy
tax return lodgement:
allowances
deductions
low income tax offset
taxation assistance.

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
Evidence of the ability to:
demonstrate knowledge of personal financial matters
set personal financial goals and access opportunities for mentoring or advice on them
access information to build on and maintain knowledge of factors affecting personal finances.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the range statement
access to current information about personal financial matters.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit
verbal or written questioning on underpinning knowledge and skills
setting and reviewing simulations or scenarios.
Guidance information for assessment