This subject 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.

This subject also describes the skills and knowledge required to identify business risks and to apply established risk management processes to a defined area of operations that are within the responsibilities and obligations of the work role.

Units of Competency:

BSBESB402 Establish legal & risk management requirements of new business ventures

BSBOPS403 Apply business risk management processes