Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with CUA Creative Arts and Culture Training Package version 2.0. |
Application
This unit describes the skills and knowledge required to negotiate and distribute royalty and other income due to artists.
It applies to individuals who negotiate financial agreements with artists about recording their performances for distribution through a range of physical and digital outlets. These agreements may also include associated products, or the right of third parties to associate their brands with artists. Employees of record companies, artist managers and, at times, artists apply the skills and knowledge outlined in this unit.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Management
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Clarify terms and conditions of agreements with artists |
1.1 Identify products and rights to be covered in agreements with artists 1.2 Calculate income in line with contractual arrangements 1.3 Negotiate royalties arising from the reproduction of artists’ recordings and associated products 1.4 Confirm royalty negotiations reflect the commercial stature of the work 1.5 Discuss, confirm and document terms and conditions to be included in agreements with artists 1.6 Ensure commercial interests of artists and any third parties are balanced and clearly articulated 1.7 Liaise with personnel responsible for drawing up contracts with artists to ensure that contracts reflect agreed terms and conditions |
2. Disperse income and maintain financial records |
2.1 Use relevant software to calculate royalties and income in line with agreements 2.2 Distribute income to artists in line with agreements 2.3 Update files systematically to maintain currency and accuracy of records and reporting 2.4 Identify and resolve queries or discrepancies in payments within scope of own role or refer to relevant personnel |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill |
Performance Criteria |
Description |
Reading |
1.1, 1.7, 2.1-2.4 |
|
Writing |
1.4-1.7, 2.3, 2.4 |
|
Oral Communication |
1.1, 1.3, 1.5, 1.7, 2.4 |
|
Numeracy |
1.2, 2.1, 2.4 |
|
Navigate the world of work |
1.2, 1.4, 2.2, 2.4 |
|
Interact with others |
1.1, 1.3, 1.5, 1.7, 2.4 |
|
Get the work done |
1.5, 1.7, 2.1-2.4 |
|
Unit Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
CUAMGT404 Administer artists’ royalty income |
CUSMGT404A Administer artists’ royalty income |
Updated to meet Standards for Training Packages. Minor edits to performance criteria. |
Equivalent unit |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=1db201d9-4006-4430-839f-382ef6b803d5