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Release 1 |
This version first released with BSB Business Services Training Package Version 7.0. |
Companion Volume Implementation Guide is found on VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10
This unit describes the skills and knowledge required to identify and comply with legal and risk management requirements of the business or new business venture, including negotiating, creating and planning for legal contracts used within the business, where required.
The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Business Competence – Entrepreneurship and Small Business
Supersedes and is equivalent to BSBSMB401 Establish legal and risk management requirements of small business.
Supersedes but is not equivalent to:
BSBIPR405 Protect and use intangible assets in small business
BSBSMB410 Review and implement energy efficiency in business operations.
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