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 THAT HAS PASSED THE END DATE: 

Interpret statutes and provide basic information on South African legislation as it relates to the accounting function 
SAQA US ID UNIT STANDARD TITLE
12983  Interpret statutes and provide basic information on South African legislation as it relates to the accounting function 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 
A person credited with this unit standard is generally found within the general accounting field. On successful completion of the unit standard, a person will be able to interpret statutes and the basic structures of the South African legal system within the context of the accounting profession. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standards in Basic law at NQF level 4. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge of the South African legal system. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The sources of are explained in a manner that demonstrates knowledge of the operation of judicial precedent. 

ASSESSMENT CRITERION 2 
2. The South African legal system is described with reference to particular structures and procedures. 
ASSESSMENT CRITERION RANGE 
Main divisions of the law, civil versus criminal law, essence of the Bill of rights
 

ASSESSMENT CRITERION 3 
3. Understanding of the basic principles of the Constitution of the Republic of South Africa is demonstrated through explanation. 
ASSESSMENT CRITERION RANGE 
Act 108 of 1996
 

ASSESSMENT CRITERION 4 
4. Current principles governing delictual liability are described in a meaningful manner in contrast with contracts. 

ASSESSMENT CRITERION 5 
5. Unjustified enrichment is explained in terms of related legislation. 

SPECIFIC OUTCOME 2 
Interpret statutes. 
OUTCOME RANGE 
Law of Purchase, sale, letting and hiring, Law of suretyship, Law of insurance, Law of arbitration, Law of marketing, Law of carriage of goods, Legislation relating to financial institutions 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Basic guidance on the legal rules for interpreting statutes is provided to clients in a meaningful manner. 

ASSESSMENT CRITERION 2 
2. Particular problems are solved through the application of knowledge of statute interpretation. 

ASSESSMENT CRITERION 3 
3. Statutes are interpreted in a structured manner and in line with legal practice. 

ASSESSMENT CRITERION 4 
4. Expert legal advice is used in the interpretation of statues. 

SPECIFIC OUTCOME 3 
Provide information on aspects of the South African legal system. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Information on the law of purchase and sale and letting and hiring is provided to clients in a meaningful manner. 
ASSESSMENT CRITERION RANGE 
Credit Agreement Act of 1980, Alienation of Land Act 1981, Usury Act of 1986
 

ASSESSMENT CRITERION 2 
2. General recommendations regarding the law of suretyship are provided to clients in a manner that facilitates their understanding. 

ASSESSMENT CRITERION 3 
3. An overview of the legal principles of the law of insurance is given to clients in relation to areas that are of concern to chartered accountants. 
ASSESSMENT CRITERION RANGE 
Long-term Insurance Act 52 of 1998, Short-term Insurance Act 53 of 1998
 

ASSESSMENT CRITERION 4 
4. An overview of the legal principles of the law arbitration is provided to clients in relation to areas that are of concern to chartered accountants. 
ASSESSMENT CRITERION RANGE 
Arbitration Act of 1965
 

ASSESSMENT CRITERION 5 
5. Factual details regarding the law of marketing are provided that are relevant to the client/employer in question. 
ASSESSMENT CRITERION RANGE 
Copyright, patents and trademarks acts, ASA Code of Advertising Practice
 

ASSESSMENT CRITERION 6 
6. Factual details regarding the law of carriage of goods are provided that are relevant to the client/employer in question. 
ASSESSMENT CRITERION RANGE 
Common law of Carriage
 

ASSESSMENT CRITERION 7 
7. Compliance with legislation relating to financial institutions is monitored and reported on as per agreed upon time frames. 
ASSESSMENT CRITERION RANGE 
Financial Markets Control Act 1989, Stock Exchange Control Act 1985, Banks Act 1990, Long-term Insurance Act 1998, Short-term Insurance Act 1998
 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB`s, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • The South African legal system
  • Interpretation of statues
  • The law of purchase and sale and letting and hiring
  • The law of suretyship
  • The law of insurance
  • The law of arbitration
  • Marketing law
  • The law of carriage of goods
  • The law relating to financial institutions

    Legal Requirements:
  • Constitution of the Republic of South Africa, Act 108 of 1996
  • Credit Agreement Act of 1980
  • Alienation of Land Act 1981
  • Usury Act of 1986
  • Arbitration Act of 1965
  • Copyright, patents and trademarks acts
  • Common law of Carriage
  • Financial Markets Control Act of 1989
  • Unit Standard Number: usa020
  • Stock Exchange Control Act of 1985
  • Banks Act of 1990
  • Long-term Insurance Act 52 of 1998
  • Short-term Insurance Act 53 of 1998
  • Labour Law 
    		•

    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 responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    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
    Core  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  FASSET 
    Elective  58394   National Certificate: Film and Television Production  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  MICTS 


    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.
     
    1. BLC Entertainment 
    2. Epitome Villa (Pty)Ltd 
    3. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    4. FILM Mentorship & Training SA 
    5. Frayintermedia Cc 
    6. MBOWA COLLEGE PTY LTD 
    7. Media Village Training 
    8. OL Afrika Media 
    9. OPELONG BUSINESS INSTITUTE (PT 
    10. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    11. PRX SCHOOL TEST 
    12. Richfield Graduate Institute of Technology Pty Ltd 
    13. SOUTH AFRICAN CORPORATE TRAINING ASSOCIATION (PTY) LTD 
    14. VUTHLARI MARKETING CONSULTING 
    15. ZA WIT (PTY) LTD 


    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.