Company Secretary - ANZSCO 221211

SOL | State SOL | Employer SOL| Regional

Description
Plans, administers and reviews corporate compliance activities and effective practice concerning company board meetings and shareholdings, ensuring all business matters and transactions are managed and implemented as directed by the board.

Skill Level 1

Skills Assessment Authority VETASSESS - Caveats Group B & VETASSESS-FAQ | Your Career | My Future

Caveats No caveats 

Endorsed Correlations to ASCO Occupations
1212-11 Company Secretary

Group: 2212 Auditors, Company Secretaries and Corporate Treasurers

Description
conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, and administer and review corporate compliance activities.

Tasks
arranging, giving notice of and attending meetings of directors and shareholders
advising organisations' governing boards on matters concerning compliance with stock exchange listing rules, relevant legislation and corporation practice
supervising organisations' share capital by preparing documents and share issues, and handling share transfers
controlling treasury and treasury systems and establishing and reviewing risk management objectives and treasury policies
identifying, managing and reporting on financial risks
assisting with equity management, debt management, securities and taxation planning issues
collecting, analysing and interpreting information on the financial standing, cost structures and trading effectiveness of organisations
devising, re-organising and establishing budgetary cost control and other accounting systems such as computer-based systems
conducting audits and investigations and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
evaluating the cost effectiveness and risks of operational processes, activities, policies and systems
reporting to management on the existence and effectiveness of the system of internal controls
establishing audit objectives, and designing and implementing audit methodologies, processes and audit report criteria

Skill Level
Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification. In the case of Corporate Treasurers and Company Secretaries, at least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1).

Registration or licensing may be required.

Requirements for Skills Assessment

This occupation requires a qualification assessed as comparable to the education level of an Australian Qualifications Framework (AQF) Bachelor degree or higher degree and in a field highly relevant to the nominated occupation.

In addition to the above, it is essential for applicants to meet the following employment criteria:

• at least one year of post-qualification employment at an appropriate skill level,
• undertaken in the last five years,
• working 20 hours or more per week, and
• highly relevant to the nominated occupation.

If the qualification is not in a highly relevant field, then the applicant must have:

• three years of post-qualification employment experience at an appropriate skill level,
• undertaken in the last five years,
• working 20 hours or more per week, and
• highly relevant to the nominated occupation.

This is reduced to two years if there is an additional qualification at least at AQF Diploma level in a highly relevant field.

If employment has occurred before completion of qualification, then five years of highly relevant employment experience are required in addition to at least one year of highly relevant employment at an appropriate skill level in the last five years.

Please note in order to achieve a successful Skills Assessment Outcome, a positive assessment for both qualifications and employment is required.

*If employment is prior to the completion of the qualification at the required level, an applicant must have at least one year of highly relevant employment at an appropriate skill level within the last five years. The remaining five years of pre-qualifying period may be within the last ten years.A positive assessment of both qualification level and employment duration is required for a positive Skills Assessment outcome.

Qualification
AQF Bachelor degree or higher degree*
Highly relevant major fields of study include:

» Corporate Governance
» Risk Management
» Public Administration
» Law and Business

*This includes qualifications assessed at AQF Bachelor, Master and Doctoral level.

Employment Information

Based on the size and resources of a company, the Company Secretary can be considered the chief governance specialist within an organisation, and it is a role which is increasingly relied upon by the board to provide advice and implement good governance practices. Company Secretaries may have legal responsibilities in addition to their work in support of the board. These will vary according to the specific needs of the organisation.