Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit's learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.
Students will be expected to demonstrate the following required skills:
- research changes to, or new, legislative requirements in relation to corporations and trust law relevant to the client's circumstances and business structure requirements;
- apply current statute, common law and equitable principles in relation to corporations and trust law relevant to the client's circumstances, and;
- present a recommendation on suitable business structures or legal entities to the client after considering the client's circumstances.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.Students will also be expected to demonstrate the following knowledge:
- describe the operation of the Australian legal systems and processes relevant to corporations and trust law;
- outline how laws are enacted and their underlying policy aims;
- explain how those laws may be interpreted by existing common law and equitable rules and applied to corporations and trusts;
- analyse legal concepts of business organisational structures, and underlying regulation;
- examine legal aspects of superannuation;
- identify and reference the key features of Australian corporations law and requirements to analyse issues and risks, and;
- examine legal concepts and scope of law covering trusts.