Unit of competency Outline

Date retreived
22/07/2026 9:22 PM AWST

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Manage information on legal entities, relationships and property

Manage information on legal entities, relationships and property

Unit of competency
National Code
PSPREV403A
State Code
WJ083
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
3.00
Current Release Date
01/11/2012
State Implementation and Classification
Approved Date
07/07/2014
Field of Education
090901 - Business And Commercial Law
Original Release Date
07/07/2014
Nominal Hours
20
Description
This unit covers the application of the legal principles that apply to legal entities, relationships and property.In practice, dealing with legal entity, relationship and property issues overlaps with other generalist or specialist work activities, such as acting ethically; undertaking legislative decision making; assessing applications for grants, subsidies or rebates; and delivering client service. Co-assessment with units of competency addressing these other activities could be considered.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Determine legal entities
  • 1.1 Types of legal entities are identified and features of each confirmed.
  • 1.2 Transactions are analysed to determine the legal entities involved.
  • 1.3 Liabilities of legal entities are determined in accordance with the particular transactions.
2. Identify and apply information relating to legal relationships
  • 2.1 Formation, type and nature of the legal relationships involved in transactions are identified.
  • 2.2 Interrelationships involved in transactions are mapped to guide decision making.
  • 2.3 Legal responsibilities of particular relationships are identified in accordance with the particular transactions.
  • 2.4 Decisions are made and liabilities determined in accordance with the interrelationships and responsibilities determined.
3. Identify and apply information relating to property and assets of legal entities
  • 3.1 Nature and legal types of property, and the principles relating to them are clarified.
  • 3.2 Principles relating to real and personal property, leases, licences and assignment of property are used to map the property and assets of legal entities.
  • 3.3 Value of property and nature of ownership are identified.
  • 3.4 Mortgages, easements, memorials, restrictive covenants and other relevant documents are identified and analysed for their effect on property ownership.
  • 3.5 Property and assets of legal entities are mapped and their interrelationships examined and recorded.
  • 3.6 Decisions are made and liabilities determined in accordance with the property and assets of, and relationships between, the legal entities.
The range statement provides information about the context in which the unit of competency is carried out. The variables cater for differences between States and Territories and the Commonwealth, and between organisations and workplaces. They allow for different work requirements, work practices and knowledge. The range statement also provides a focus for assessment. It relates to the unit as a whole. Text in italics in the Performance criteria is explained here.
Legal entities may include:
the Crown
corporations
trustees
incorporated associations
cooperatives
Features of legal entities may include:
natural persons:
ownership of property
liabilities
directors
shares
bankruptcy
role of executors and trustees
minors
corporations:
nature
types
governing bodies
process of formation
liabilities
receivership
voluntary and involuntary wind-up
Transactions may include:
purchases and sales of personal and real property
voluntary dispositions
transfers of real estate
transfers of businesses
transfers of statutory licences
creation and dissolution of partnerships
creation and variation to trust deeds
financial transactions
charges and discharges
settlement undertakings
payment of wages
leases
Legal relationships may include:
partnerships
joint ventures
associations
trusts
agencies
sole traders
employers and employees
franchisors and franchisees
principals and contractors
lessors and lessees
subsidiaries
insolvency practitioners
Legal types of property may include:
real property
personal property
leasehold land
freehold land
Crown land
statutory licences
intellectual property
goodwill
Ownership may include:
as an individual
as a corporation
as a beneficiary
as trustee
as joint tenant
as tenant in common
as lessee
as partner
legal, beneficial and equitable ownership
life tenancy
under a Crown lease
The Evidence Guide specifies the evidence required to demonstrate achievement in the unit of competency as a whole. It must be read in conjunction with the unit descriptor, performance criteria, The range statement and the Assessment Guidelines for the Public Sector Training Package.
Units to be assessed together
Co-assessed units that may be assessed with this unit to increase the efficiency and realism of the assessment process include:
PSPETHC401A Uphold and support the values and principles of public service
PSPREV401A Identify and apply statute law
PSPREV402A Undertake legislative decision making
PSPREV405A Assess applications for grants, subsidies and rebates
PSPGOV402B Deliver and monitor service to clients
Overview of evidence requirements
In addition to integrated demonstration of the elements and their related performance criteria, look for evidence that confirms:
knowledge requirements of this unit
skill requirements of this unit
application of employability skills as they relate to this unit
Resources required to carry out assessment
These resources include:
examples of legal entity, relationship and property issues
government legislation, regulations, rulings, Commissioner's practices and other applicable case law that refer to legal entity, relationship and property issues
organisational procedures and protocols
scenarios and case studies to capture the range of situations likely to be encountered when dealing with legal entity, relationship and property issues
access to relevant systems
Where and how to assess evidence
Valid assessment of this unit requires:
a workplace environment or one that closely resembles normal work practice and replicates the range of conditions likely to be encountered when legal entities, relationships and property, including coping with ambiguity, difficulties, irregularities and breakdowns in routine
dealing with legal entities, relationships and property issues in a range of three or more contexts or occasions, over time
Assessment methods should reflect but not exceed workplace demands, such as literacy, and the needs of individuals who might be disadvantaged.
Assessment methods suitable for valid and reliable assessment of this unit must use authenticated evidence from the workplace and/or training courses and may include a combination of two or more of:
case studies and scenarios
portfolios
questioning
simulation or role plays
The assessment environment should not disadvantage the candidate and where the person has a disability the principle of reasonable adjustment should be applied during assessment.
For consistency of assessment
Evidence must be gathered over time in a range of contexts to ensure the person can achieve the unit outcome and apply the competency in different situations or environments.
Replaced By
State Code National Code Title Type
AWT65 PSPREV003 Manage information on legal entities, relationships and property Unit of competency
State Code National Code Title Type
J297 PSP42112 Certificate IV in Government (Revenue Administration) Qualification