Establish Legal and Risk Management
Requirements Of New Business

Entry requirements

Must be 18 years old or over.

Academic IELTS Score overall 5.0 (no lower than 4.5 in each band); or equivalent, or Liberty Construction College internal ACSF / LLN Test result score overall level 3.

USI Number (*Unique Student Identifier).

Photo Identity Card (must included photo and/ or signature).

Current visa status confirmation letter.

Photocopy of Passport.


Small group.


Upon successful completion of this course, candidates will be able to the following:

Requirements for trade contractor licensing as required by the Queensland Building & Construction Commission (QBCC)


Nationally Recognised

Valid in All states of Australia

National Recognised Statement of Attainment for the unit: BSBESB402 Establish legal and risk management requirements of new business ventures.

Additional Information


AUD $500

(All course fee is payable in advance)

Cancellation & Refund

*If you are unable to attend you must notify Liberty College within 3 working days prior to the course commencement, so we can change you to the next available intake. Otherwise, there will not be any refund and also you need to pay the full fees again to have a second to attend the class.

Intake Date

Monthly intake available. Please contact us for further information.

Course ID
Brisbane | Sunshine Coast | Adelaide | Gold Coast
Short Program
1 day

This unit of competency specifies designed to complement your trade knowledge with business knowledge. 

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.

  • Course Package Included:
  • Online Materials Access
  • Statement of Attainment.
Skill Summary

Liberty Construction College have their own on-site and private practical work area to simulate a real construction site; which gives the student, top quality practical experience. Whether your goal is stable and enjoyable employment, building your own projects, or to progress as a fully licensed builder and operator.

Outline business registration and licensing requirements99%
Following taxation and industrial relations principles95%
Updating and maintaining legal documents85%
Identifying options of leasing or ownership of business premises.90%
Monitoring provision of products and services95%

Liberty College offers bunch of special package courses in both Construction courses with the combination of both Certificate and the Diploma courses.

Course Structure

Course Content

1. Identify and implement business legal requirements

1.1. Identify and research possible options for the business legal structure using appropriate sources.

1.2. Determine legislation and regulatory requirements affecting operations of the business under its chosen structure.

1.3. Develop and implement procedures to ensure full compliance with relevant legislation and regulatory requirements.

2. Comply with legislation, codes and regulatory requirements.

2.1. Establish systems to ensure legal rights and responsibilities of the business are identified and the business is adequately protected, specifically in relation to work health and safety (WHS), business registration and environmental requirements.

2.2. Identify taxation principles and requirements relevant to the business, and follow procedures to ensure compliance.

2.3. Identify and carefully maintain legal documents and maintain and update relevant records to ensure their ongoing security and accessibility.

2.4. Monitor provision of products and services of the business to protect legal rights and to comply with legal responsibilities.

2.5. Conduct investigations to identify areas of non-compliance with legal and regulatory requirements, and take corrective action where necessary.

3. Negotiate and arrange contracts.

3.1. Seek legal advice on contractual rights and obligations, if required, to clarify business liabilities.

3.2. Investigate and assess potential products and services to determine procurement rights and ensure protection of business interests where applicable.

3.3. Negotiate and secure contractual procurement rights for goods and services including contracts with relevant people, as required, in accordance with the business plan.

3.4. Identify options for leasing or ownership of business premises and complete contractual arrangements in accordance with the business plan.

4. Identify and treat business risks.

4.1. Identify potential internal and external risks to the business.

4.2. Assess the probability and impact of identified risks.

4.3. Prioritise risks for treatment.

4.3. Develop actions to mitigate risks including identifying insurance requirements and adequate cover.