This unit involves the skills and knowledge required to set and achieve workplace budgets in accordance with relevant regulatory requirements, financial standards, codes of practice and workplace procedures.

It includes planning budget requirements, monitoring the budget and taking appropriate corrective actions when needed. It also includes monitoring expenditure and reviewing and appropriately modifying the budget.

Work is under general guidance on progress and outcomes. It requires discretion and judgement for self and others in planning and using resources, services and processes to achieve required outcomes.

The unit generally applies to those with responsibility for resource coordination and allocation who lead individuals or teams.

No licensing, legislative or certification requirements apply to this unit at the time of publication.