Learn essential skills and knowledge for recognising and adhering to legal and risk management obligations in business or new business ventures. It includes the ability to negotiate, draft, and prepare legal contracts as necessary for the operation of the business.

Ideal for individuals starting their own business for self-employment and those launching new ventures within larger organisations.

• Legal business structures
• Legislative and regulatory requirements for business structures
• Business and workplaces practices and processes
• Compliance with relevant legislative and regulatory requirements
• Storing and maintaining legal documents and business records
• Identifying non-compliance and taking corrective actions
• Determining procurement rights
• Negotiating procurement rights & completing contractual arrangements
• Business risk management requirements
• Mitigating business risks

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Our comprehensive online assessment is designed to evaluate your knowledge and skills through a variety of question formats. Expect a combination of multiple-choice, true/false, short answer, and video response questions. This diverse approach ensures a thorough understanding of the material, allowing you to demonstrate your competency effectively and conveniently from any location.

This Unit of Competence required you to perform practical tasks to demonstrate your competency. During this practical task you will be required to provide evidence of your ability to establish legal and risk management requirements for at least one business or new business venture, and implement procedures for meeting them, create at least one contract with a supplier of goods or services to business or new business venture and identify, assess and treat at least three different risks specific to business or new business venture and prioritise risks with highest probability of occurrence and greatest negative impact.