SITXGLC001 - Research and Comply with Regulatory Requirements - Business Assignment Help

Assignment Task

Assignment - Research and comply with regulatory requirements

Performance Objective
You must be able to demonstrate:
The ability using your skills and knowledge to comply with laws and licensing requirements for specific business operations.
Use your ability to access and interpret regulatory information
Determine scope of compliance
Develop, implement and continuously review and update policies and practices for business compliance.
 
Assessment description
Choose a current workplace or a business you are familiar with.
You are working as a Compliance Manager of your current workplace or a business you are familiar with.

Areas of compliance
What is your first area of compliance?

Identify regulatory information
Access regulatory information in relation to this area. What is the relevant legalities to this area, Where would you find this information?
Identify legal requirements and interpret regulatory information in relation to this area.
Outline objectives and primary components of a broad range of local, state, territory, and commonwealth government laws relevant to and specific to the business operations for this area.
Determine the scope of compliance. How much does this affect the business? What does the business need to do to be compliant? Who does it affect in the business?
Development and communication of policies
Develop organisational policies and procedures to comply with this area.
How are you going to communicate these policies within the organisation and / or externally to outside of the organisation?
How will you maintain ongoing communication/any changes/refresher training for all staff in relation to each of this area?

Ensure Compliance
How would you evaluate non—compliances in your organisation for this area? What procedures do you have to identify if there is a breach?
Suggest compliance and continuous improvement for this area.
How would you implement changes or modifications to any non compliant procedure that you may have identified?
What documents would you use to assist in managing compliance and continuous improvement?
Maintain Personal knowledge and organisational knowledge of regulatory requirements
What systems would you use to implement required modifications to updates?
Identify mechanisms to stay up to date with any changes in legislation for this area.
How will you maintain ongoing communication in relation to updates for all staff for this area?
How would you manage documents to assist with continuous improvement in this area?
What is your second area of compliance?

Identify regulatory information
Access regulatory information in relation to this area. What is the relevant legalities to this area, Where would you find this information?
Identify legal requirements and interpret regulatory information in relation to this area.
Outline objectives and primary components of a broad range of local, state, territory, and commonwealth government laws relevant to and specific to the business operations for this area.
Determine the scope of compliance. How much does this affect the business? What does the business need to do to be compliant? Who does it affect in the business?
Development and communication of policies
Develop organisational policies and procedures to comply with this area.
How are you going to communicate these policies within the organisation and / or externally to outside of the organisation?
How will you maintain ongoing communication/any changes/refresher training for all staff in relation to each of this area?

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