Unit of competency Outline

Date retreived
23/07/2026 11:45 AM 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.

Conduct financial transactions

Conduct financial transactions

Unit of competency
National Code
TLIP2024
State Code
AVI19
TGA Status
Current
DTWD Status
Approved
Current Release Number
2.00
Current Release Date
22/11/2021
View on TGA
State Implementation and Classification
Approved Date
23/02/2016
Field of Education
080501 - Sales
Original Release Date
23/02/2016
Nominal Hours
20
Description
This unit involves the skills and knowledge required to conduct financial transactions.It includes operating point of sale equipment, transacting sales, clearing register activity and maintaining sales documents. Work must be carried out in compliance with relevant codes and regulations concerned with the conduct of financial transactions during the collection and delivery of valuables, secured products, documents and materials.Work is performed under general supervision.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Operate point of sale equipment
  • 1.1 Point of sale equipment is operated and maintained in line with manufacturer specifications and workplace procedures
  • 1.2 Procedure for opening cash equipment or register is followed
  • 1.3 Adequate change is maintained for use in transactions
  • 1.4 Sales equipment or register is closed off in accordance with workplace cash security procedures
2 Transact sale
  • 2.1 Amount owing is calculated and customer is advised
  • 2.2 Amount tendered in cash transactions is checked, correct change is calculated and given, and receipt/tax invoice is provided, as required
  • 2.3 Electronic and non-cash transactions are processed
3 Clear register
  • 3.1 Sales equipment/register is cleared and cash is transferred at required times in accordance with workplace policy
  • 3.2 Cheques, credit and other non-cash transaction documents are handled in accordance with workplace policy and procedures
  • 3.3 Security is maintained when handling cash in accordance with workplace security procedures
4 Maintain sales documents
  • 4.1 Records are completed for all transactions, including refunds and no sales
  • 4.2 Adequate supplies of dockets, vouchers and point of sale documents are maintained
  • 4.3 Debtor transactions are processed in line with workplace procedures
No information
No information
Replaces
State Code National Code Title Type
D5282 TLIP2024A Conduct financial transactions Unit of competency