NZQA Expiring unit standard
4295 version 4
Page 1 of 3
Title
Determine financial requirements and resourcing options for a
forestry business
Level
4
Credits
3
Purpose
People credited with this unit standard are able to determine
the financial resource requirements for a forestry business, and
identify and assess sources of finance and financial advice to
meet the forestry business’s requirements.
Classification
Forestry > Forestry Business Management
Available grade
Achieved
Explanatory notes
1
All explanations, descriptions, and plans must meet the documentation requirements
established by the assessing body, and comply with relevant legislative and
regulatory requirements including Health and Safety in Employment Act 1992, and
the Resource Management Act 1991, and their subsequent amendments.
2
Case studies may be used as the basis for this unit standard.
Outcomes and evidence requirements
Outcome 1
Identify financial resource requirements for a forestry business.
Evidence requirements
1.1
Purpose and objectives developed for the business define the scope of the work
to be undertaken.
Range
1.2
Costs of resources needed to meet the establishment requirements of the
business are identified through consultation with resource providers.
Range
1.3
planting, tending, harvesting.
plant and equipment, facilities, labour, support organisation,
business services, land.
Operational costs calculated for first financial year include provision for key cost
factors.
Competenz
SSB Code 101571
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
Range
1.4
4295 version 4
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labour, equipment and plant operational and maintenance costs,
debt servicing, specialist services, support services, business
protection.
Information required in support of an application for finance is assembled for
inclusion with application.
Range
cash flow projections, financial equity details, guarantors.
Outcome 2
Identify and assess sources of finance and financial advice for the forestry business’s
requirements.
Evidence requirements
2.1
Identification of common sources of finance and financial advice available to
forestry businesses includes determination of conditions applying to finance or
advice obtained for each source identified.
Range
2.2
banks, finance companies, forestry owners, private investors,
shareholders.
Available finance source options are assessed against forestry business.
Range
amount available, interest rates, repayment requirements,
insurance requirements, non-payment implications.
2.3
Investigation of selected finance and financial advice option ensures all
conditions are evaluated, and the ability of the business to service them is
confirmed before commitment to the option is made.
2.4
Agreement established for provision of finance meets the requirements of the
business's legal representative.
This unit standard is expiring. Assessment against the standard must take place by
the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
7 August 1995
31 December 2017
Review
2
27 May 1998
31 December 2017
Review
3
27 May 2002
31 December 2017
Review
4
10 December 2015
31 December 2017
Competenz
SSB Code 101571
 New Zealand Qualifications Authority 2016
NZQA Expiring unit standard
4295 version 4
Page 3 of 3
Consent and Moderation Requirements (CMR) reference
0173
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Competenz
SSB Code 101571
 New Zealand Qualifications Authority 2016