PSPREV012 — Manage information on legal entities, relationships and property

1 Determine legal entities.

• 1.1Identify types of legal entities and confirm features of each.
• 1.2Analyse transactions to determine the legal entities involved.
• 1.3Determine liabilities of legal entities in accordance with the particular transactions.

2 Identify and apply information relating to legal relationships.

• 2.1Identify formation, type and nature of the legal relationships involved in transactions.
• 2.2Map interrelationships involved in transactions to guide decision-making.
• 2.3Identify legal responsibilities of particular relationships in accordance with the particular transactions.
• 2.4Make decisions and determine liabilities in accordance with the interrelationships and responsibilities determined.

3 Identify and apply information relating to property and assets of legal entities.

• 3.1Clarify the nature and legal types of property, and principles relating to them.
• 3.2Use principles relating to real and personal property, leases, licences and assignment of property to map the property and assets of legal entities.
• 3.3Identify value of property and nature of ownership.
• 3.4Identify and analyse mortgages, easements, memorials, restrictive covenants and other relevant documents for their effect on property ownership.
• 3.5Map the property and assets of legal entities and examine and record their interrelationships.
• 3.6Make decisions and determine liabilities in accordance with the property and assets of, and relationships between, the legal entities.

What does an assessment tool for PSPREV012 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for PSPREV012 needs to address all 23 unit components: 3 elements with 13 performance criteria, 3 performance evidence requirements, 5 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for PSPREV012?

Auditori pulls the current release of PSPREV012 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for PSPREV012 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing PSPREV012 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of PSPREV012, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.