Unformatted text preview: BSBINT401 Research international business opportunities
ASSESSMENT COVER SHEET
STUDENT ID STUDENT NAME
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judgement to be made of a learner’s competency. ILSC Business College BSBINT401 Assessment V5.0917 Page 1 of 9 Reference Only - your trainer will complete this Observation checklist on Moodle
Observation checklist for the presentation – Task 3
Student Name
Trainer/Assessor Name Date Unit code and name BSBINT401 Research international business opportunities Tasks to be observed Satisfactory Not satisfactory Participation in verbal and non-verbal exchanges using appropriate
language ☐ ☐ Sought the views and opinions of others by listening and questioning ☐ ☐ Used a range of sources of information and could explain how these were
applicable to the context and content ☐ ☐ Evaluated the viability of the opportunity presented ☐ ☐ Demonstrated good research and analysis skills in relation to the sourcing
and synthesis of information ☐ ☐ Justification of the quality of information used ☐ ☐ Uses logically sequenced steps to plan and implement tasks required to
achieve outcomes ☐ ☐ Uses analytical techniques to assess skills, competencies and risks
associated with opportunities ☐ ☐ Offer an opportunity for feedback or clarification on the business
opportunity presented. ☐ ☐ The candidate’s performance was: Not satisfactory ☐ Satisfactory ☐ Feedback to candidate: Student
Signature ILSC Business College Assessor Signature BSBINT401 Assessment V5.0917 Page 2 of 9 Assessment Task 1 - Legal Report
Research local and international pieces of legislation (as listed below) that may have an influence on business
opportunities and operations in the international market.
Research the following legislation and laws: International Commercial Terms (INCOTERMS)
Trade modernisation legislation:
o Customs Legislation Amendment and Repeal Act
o Import Processing Charges Act
o Customs Depot Licensing Charges Amendment Act
Trade Practices Act
Warsaw Convention
World Trade Organization determinations Format the information in a summary or a bulleted list using the template on the next page. Do not exceed one page
per piece of legislation. ILSC Business College BSBINT401 Assessment V5.0917 Page 3 of 9 Legislation International Commercial
Terms (INCOTERMS) Customs Legislation
Amendment and Repeal Act (a) Who
created the
law (which
authority)? Internatio
nal Chamber
of Commerce
(ICC) is
the
authority
who created
the law.
Parliament
of
Australia
Australian
Government Import Processing Charges
Act Parliament
of
Australia
Australian
Government Customs Depot Licensing
Charges Amendment Act Parliament
of
Australia
Australian
Government ILSC Business College (b) What is the
full name of the
law, and where
can the most
current version
be accessed? International
Commercial
Terms
published by
International
Chamber of
Commerce
Custom
It is the eighth
legislation
version
Amendment
currently
being
and Repeal
implemented.
(International
Incoterms
was
Trade)
published
on
Import
January
2010.
h.gov.au/Parlia
Processing
ICC
has Act
mentary_Busin
Charges
started
ess/Bills_Legis
2001
consultations
lation/bd/bd16
on
the new
17a/17bd064
islation.gov.au/
Incoterms
Details/C2016
Import
revision,
called
C00813/Html/T
Processing
Incoterms
ext
Charges Act
2020.
2001
.
org/
islation.gov.au/
Details/C2016
C00813/Html/T
ext BSBINT401 Assessment V5.0917 (c) What is the
general intent or
purpose of the
legislation? 3- The INCOTERMS
rules are
intended
primarily to
clearly
communicate the
tasks, costs,
and risks
associated
The
purpose with
of
the amendments
transportation
is
to enable
and delivery
of
Customs
to
goods.
effectively
perform its role
of preventing
the export of
prohibited
"Import
exports
and
Processing
monitoring
Charges
Act 2001
compliance
to increasewith
the
the GST law in
import
relation to the
processing
GST-free
status
charges levied
of air,
supplies
on
sea of
and
goods
for
post
Legislation
export.Exporters
consignments".
assisting
in
who are trying
transactions
to beas
illegal
such
Boundary
are prevented.
Fees,
Wages and
Common Review of
Taxes.
"Part of a
package of three
bills to
implement
certain
recommendations
from the Joint
Review of Border
Fees, Charges
and Taxes, the
bill amends the
Customs Depot (d) What sections are
specifically relevant to
engaging in international
business opportunities? Main carriage not
paid by the seller
Main carriage paid by
the seller, arrival Page 4 of 9 (e) What are the
implications of these
sections for international
business opportunities? Main carriage not
paid by the seller:
Free carrier, which
means that the
seller fulfills its
obligation to
deliver when it has
handed over the
goods, cleared for
export, into the
charge of the
carrier named by
the buyer at the
named place.
Cost and freight,
requires the seller
pay the cost and
freight necessary to
bring the goods to
its destination, but
the risk of loss or
damage to the
goods, as well as
any cost increases,
are transffered from
the seller to the
buyer when the goods
pass the ship’s rail
in the port of
shipment. Trade Practices Act Commonweal
th is the
authority
that
created the
law. Warsaw Convention State or
territory
is the
authority
that
created the
law. World Trade Organisation
determinations The World
Trade
Organizatio
n (WTO) is
an
intergovern
mental
organizatio
n that is
concerned
with the
regulation
of
internation
al trade
between
nations.
The WTO
officially
commenced
on 1
January
1995 under
the
Marrakesh
Agreement,
signed by
124 nations
on 15 April
1994,
replacing
the General
Agreement
BSBINT401 Assessment V5.0917
on Tariffs ILSC Business College The trade
practies act
1974 is the
full name of
the
commonwealth
law, and the
most current
version
can
The
Warsaw
be
accessed
convention
from is the
1929
Australian
full
name of
competition
the law, and
and most
consumer
the
commission
current
(ACCC). can
version
be
Theaccessed
WTO has
from
civil
launched
26
aviation
Act
March 2018
a
1959.
new version
of its
itions.uslega
Analytical
l.com/w/warsa
Index, issued
w-convention/
for the first
time in a new
electronic-on
ly format
that will
allow the
content to be
updated on an
ongoing
basis.
to.org The aim of the
provisions is to
strenghten the
position of
consumers
relative to
sellers,
distributors and
manufacturers
by
The
Warsaw
ensuring that
convention
is an
businesses
international
compete fairly
convention
which
on price and
regulates
quality. for
liability
international
carriage of
people,
luggage
WTO is to
ensure
or
goods
global
performed
by
tradecommences
aircraft
smoothly,for
freely
reward.
and predictably.
TheWTO creates
and embodies the
ground rules
forglobal trade
among member
nations,
offering a
system for
international
commerce. Section 4: Industry
codes of practice
and section
V ,Division IA
product liability
product safeties,
product information,
are specifically
Documents
ofengaging
carriage
revelant to
and
liability of the
in International
carrier;
business The sections
that
specifically
opportunities.
revelant to engaing
in international
business
opportunities.
These agreements are
the legal
foundations for
global trade.
Essentially, they
are contracts,
guaranteeing WTO
members important
trade rights. They
also bind
governments to keep
their trade policies
transparent and
predictable which is
to everybody’s
benefit. The agreements
provide a stable and
transparent
framework to help
producers of goods
and services,
exporters and
importers conduct
their business.
The goal is to
improve the welfare
of the peoples of
the WTO’s members
Page 5 of 9 Section3: Industry codes of
practice, mandatory or
voluntarty, are regulated
by the act, which aims to
ensure that people are well
informed when starting
their business and disputes
can be resolved quickly and
inexpensively.
Documents of carriage, mantates carriers
to issue passenger tickets, requires
carriers to issue baggage checks for
checked luggage.
Liability of the carrier creates a
limitation period of 2 years within
which a claim must be brought and limits
a carrier’s liability to certain amount.
The sums limiting liabilty are valid in
the absence of a differing agreement
with the carrier, whereas agreements on
lower sums are null and void. The WTO is essentially an
alternative dispute or
mediation entity that
upholds the international
rules of trade between
nations. However, the WTO
has fueled globalization
with both positive and
adverseeffects. Assessment Task 2 - Feasibility Report
1. Choose any product listed on the Australian Made website that is suitable for developing through an
offshore business-licensing model.
2. Complete a feasibility report focused on two key areas: processes and skills analysis risk and support services analysis.
1. Identify the product you have chosen from the Australian Made website, and briefly
describe why you chose this product. 2. Select a specific target market and discuss the relevant cultural aspects of your choice. 3. Explain the common measures you will use to make your recommendations on this business
opportunity ILSC Business College BSBINT401 Assessment V5.0818 Page 6 of 8 4. Identify and briefly describe the relevant legislation that may affect this business opportunity.
- Federal trade commission act regulates unfair and deleptive business pratices.
- California unfair competiton on
- California consumers legal remedies act prohibits 23 specific types of business practies.
False statements.
Falsely claiming a product is new, when it is actually reconditioned or refurbismed.
BAIT and swicth type advertising.
- California business and professions.
- Consumer privacy act. 5. Complete a short written report (minimum 500 words) describing the:
a) processes required to establish the international business opportunity
b) skills required by personnel in country and the personal skills needed to manage this
business opportunity c) principles of risk management associated with this business opportunity
d) support services that may be needed to be accessed. ILSC Business College BSBINT401 Assessment V5.0818 Page 7 of 8 Assessment Task 3 - Product Licensing and Presentation
Scenario
You have identified a product suitable for offshore licensing, and will complete a feasibility study and
present a report to a group of business investors (simulated group).
As part of the presentation, seek feedback on the business opportunity from the business investors. Steps:
1. Choose a product and explain why you chose the product and who owns the intellectual
property of the product.
2. Develop a PowerPoint presentation and report describing all of the following:
a. the product and how it was chosen
b. the research undertaken to investigate the business opportunity, including relevant
legislation
c. the sources of information that were accessed
d. a risk review of the business opportunity
e. an analysis of their own skills, referenced against the business opportunity
f. a summary of findings (research)
g. a viability decision regarding the business opportunity.
3. Deliver the presentation (10 minutes duration) and make the printed report available to the business
investors.
4. Seek feedback and questions on the business opportunity you are presenting. NOTE: Book a time with your trainer / assessor to make your presentation in class. ILSC uses plagiarism-checking software on all assessments
Upload your report and presentation with this completed assessment
on Moodle. ILSC Business College BSBINT401 Assessment V5.0818 Page 8 of 8 ...
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