Establish legal and risk management requirements of new business ventures.

What is this course about?

This risk management course was developed as a unit under other courses, we have recognised that this course as a standalone can be really beneficial for those looking to start their own business or those that need to complete this course for a specific licence or as an elective/core unit for a current course.

Who should do it?

This qualification is suitable for anyone currently working in a business or construction environment.

How much does it cost?


*All fees are GST exempt

How is it delivered?

Delivered online self paced with trainer contact.

What do I get from it?

Upon successful completion participants receive a Statement of Attainment for BSBESB402 Establish legal and risk management requirements of new business ventures.

Below are the courses that may require BSBSMB401 Establish legal and risk management requirements of small business.

Section 1: Identify legal and risk management requirements relating to business.

  • Identify legal structure of business using reliable sources
  • Identify legislative and regulatory requirements applicable to identified legal structure
  • Analyse identified requirements and their relationship to business and workplace practices and processes

Section 2: Implement procedures and processes to comply with legislative and regulatory requirements

  • Develop and implement procedures to ensure compliance with relevant legislative and regulatory requirements
  • Develop and implement processes and procedures for storing and maintaining legal documents and business records
  • Establish systems to identify areas of non-compliance and take corrective action where necessary

Section 3: Negotiate and arrange contracts

  • Assess products and/or services to determine procurement rights and ensure protection of business interests
  • Negotiate and secure contractual procurement rights for goods and/or services as required and according to business plan and workplace procedures
  • Complete any contractual arrangements according to workplace procedures and business plan
  • Seek legal advice if required to confirm contractual rights and obligations

Section 4: Mitigate business risks

  • Analyse business activities and identify applicable risk management requirements
  • Assess probability and impact of identified internal and external risks to business
  • Develop a plan to prioritise and treat risks
  • Implement procedures to mitigate risks according to risk treatment plan

What do I need to bring?


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