SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Apply legal requirements pertaining to special assets sales 
SAQA US ID UNIT STANDARD TITLE
377344  Apply legal requirements pertaining to special assets sales 
ORIGINATOR
Task Team - Auctioneering 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Marketing 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  NQF Level 05  14 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard applies to the valuation of special assets that are usually sold by auction, and would therefore have particular bearing on auction related qualifications. The acquisition of competence against this Standard will add value to the learner and the auctioneering industry as a whole and will also provide the basis for further development of the learner within the auctioneering industry.

The qualifying learner is capable of:
  • Identifying and describing the different types of specialised movable assets.
  • Applying legal requirements pertaining to firearm sales.
  • Applying legal requirements pertaining to liquor sales.
  • Applying legal requirements pertaining to gold and precious stone sales.
  • Placing specialised movable assets in safe custody. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that a learner will be competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4. 

  • UNIT STANDARD RANGE 
  • Firearms will include hand guns, pistols, revolvers, rifles, shotguns, black powder guns, gas pistols, starter pistols/guns and semi-automatic guns.
  • Gold will include all unprocessed gold.
  • Liquor will include wines, spirits, beers, aperitifs and any other alcoholic beverage. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify and describe the different types of specialised assets. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different types of specialised movable assets are identified and listed in line with legislative requirements. 

    ASSESSMENT CRITERION 2 
    The legislation applicable to the different types of specialised movable assets is identified and an explanation given of how it relates to the different types of assets. 

    SPECIFIC OUTCOME 2 
    Apply legal requirements pertaining to firearm sales. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The legislation relating to firearms is identified and an explanation given of how the legislation must be applied by an auctioneer. 

    ASSESSMENT CRITERION 2 
    The legal requirements for storing firearms are complied with at all times. 

    ASSESSMENT CRITERION 3 
    Legal documentation for dealing with firearms is identified and completed as per legal and organizational requirements in all cases. 

    ASSESSMENT CRITERION 4 
    Individual sellers of firearms are labelled in required format. 

    ASSESSMENT CRITERION 5 
    Receipts for firearms are issued according to legal requirements and in required format. 

    SPECIFIC OUTCOME 3 
    Apply legal requirements pertaining to the selling of liquor. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The legislation relating to the selling of liquor is identified and an explanation given of how the legislation must be applied by an auctioneer. 

    ASSESSMENT CRITERION 2 
    The legal requirements for storing liquor are complied with at all times. 

    ASSESSMENT CRITERION 3 
    Legal documentation relating to the sale of liquor is identified and completed as per legal and organizational requirements in all cases. 

    ASSESSMENT CRITERION 4 
    Individual sellers of liquor are dealt with as required by legislation. 

    ASSESSMENT CRITERION 5 
    Receipts for liquor are issued according to legal requirements and in required format. 

    SPECIFIC OUTCOME 4 
    Apply legal requirements pertaining to the sale of gold and precious stones. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The legislation relating to the sale of gold and precious stones is identified and an explanation given of how the legislation must be applied by an auctioneer. 

    ASSESSMENT CRITERION 2 
    The legal requirements for storing gold and precious stones are complied with at all times. 

    ASSESSMENT CRITERION 3 
    Legal documentation for dealing with gold and precious stone sales is identified and completed as per legal and organizational requirements in all cases. 

    ASSESSMENT CRITERION 4 
    Individual sellers of gold and precious stones are listed in required format. 

    ASSESSMENT CRITERION 5 
    Receipts for gold and precious stones are issued according to legal requirements and in required format. 

    SPECIFIC OUTCOME 5 
    Place specialised movable assets in safe custody. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Specialised movable assets are stored according to organisational requirements. 

    ASSESSMENT CRITERION 2 
    Stock lists of specialised movable assets are filed according to instructions and in required format. 

    ASSESSMENT CRITERION 3 
    Specialised movable assets are secured according to legal requirements. 

    ASSESSMENT CRITERION 4 
    A visual inspection of stored specialised movable assets by authorised individuals is arranged and recorded in required format. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed against the unit standard (including through Recognition of Prior Learning) may apply to an assessment agency, assessor or provider institution accredited by the relevant Education and Training Quality Assurance body (ETQA), or one with an appropriate memorandum of understanding (MOU) with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard, or assessing this unit standard, must be accredited as a provider with the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA, or one with an appropriate MOU with the relevant ETQA.
  • Moderation should include both internal and external moderation where applicable. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Relative sections of Firearm laws and regulations.
  • Relative sections of Liquor laws and regulations.
  • Relative sections of Gold and precious stones laws and regulations.
  • Methods and techniques for handling and storing firearms. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities when preparing to auction specialist items. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to ensure that auction details are available at all times. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  80547   National Certificate: Auctioneering Practices  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.