Nationally Recognised

Establish Legal and Risk Management Requirements of New Business Ventures BSBESB402

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This course delivers insights into the successful management and creation of strategies to support growth and develop structure for businesses.

You will learn to identify and comply with legal and risk management requirements, and implement processes and procedures to support business operations.

You will learn to negotiate business contracts, learn and seek important legal advice needed to support your business, and maintain compliance requirements.

BSBESB402 Establish Legal and Risk Management Requirements of New Business Ventures, covers specific topics, like:

  • Identify legal and risk management requirements relating to business.
  • Implement procedures and processes to comply with legislative and regulatory requirements.
  • Negotiate and arrange contracts.
  • Mitigate business risks.

This course is a great steppingstone to a diploma, certificate, or other qualification.

Learning Outcomes

BSBESB402 Establish legal and risk management requirements of new business ventures, is a single unit implicit of CPC40120 Certificate IV in Building and Construction (Building).

This unit describes the skills and knowledge required to identify and comply with legal and risk management requirements. This includes, negotiating, creating, and planning for legal contracts used within the business, where required.

This unit applies to those establishing a business providing self-employment, or those establishing a new venture as part of a larger organisation.

Please note, completion of this unit will result in a statement of attainment only.

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A career in managing risk for new business ventures in Australia typically requires a background in Business, Finance, or a related field. The following are some job roles and opportunities in the field, along with their average annual salary data (based on data from the Australian Government’s Job Outlook website and salary information websites):

Risk Manager: AUD $90,000 to AUD $140,000 per year.

Enterprise Risk Manager: AUD $95,000 to AUD $150,000 per year.

Compliance Manager: AUD $85,000 to AUD $130,000 per year.

Corporate Risk Manager: AUD $95,000 to AUD $150,000 per year.

Business Continuity Manager: AUD $85,000 to AUD $130,000 per year.

Internal Audit Manager: AUD $90,000 to AUD $140,000 per year.

Financial Risk Manager: AUD $95,000 to AUD $150,000 per year.

Operational Risk Manager: AUD $85,000 to AUD $130,000 per year.

Insurance Manager: AUD $90,000 to AUD $140,000 per year.

Health and Safety Manager: AUD $85,000 to AUD $130,000 per year.

A career in this field involves identifying, assessing, and mitigating the potential risks associated with starting and growing a business. Graduates with a background in managing risk can find career opportunities in a variety of industries, like: Finance, Insurance, and the private sector. Additionally, expertise in risk management is in high demand in industries like Construction, Technology, and Healthcare, where the potential for financial, operational, and reputational risk is high.

Some of the key industries that hire workers in this field include Financial Services, Insurance, and Banking. In addition, Consulting Firms, Technology Companies, and businesses in regulated industries, like Healthcare and Construction, also require risk management professionals. These industries require professionals who identify and mitigate risks associated with new business ventures, helping to ensure that these ventures are successful and sustainable for the long-term.

(Please note that these are estimates, and the salary ranges can vary depending on the company, region, industry, and qualifications of the individual. Research conducted by Polymath)

Course Info

Delivery & Support

This qualification is delivered 100% on-line including theory, text books, projects and assessments.

You will receive full support for the duration of your course and can call our team from 8.30am to 5.00pm Monday – Friday.

You can also correspond with our team via email, on-line chat, SMS and communicate to your trainer and support officer through your on-line profile.

Once completed you will be issued a formal hard copy qualification/certificate free of charge including an electronic email version.

Course Breakdown

You have up to 3 months to successfully complete all the training and assessment requirements for this course.

Tools Required

To successfully complete this course, you will require access to a desktop computer or laptop; and adequate access to internet connection.

You will also require an active email account and a mobile phone equipped with a camera.

Software – you will require access to MS Word, MS Excel, and online search platforms.

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Course Units

This unit describes the skills and knowledge required to identify and comply with legal, and risk management requirements of the business or new business venture. These include, negotiating, creating and planning for legal contracts used within the business, where required. The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation.


Study Options

We offer a range of flexible training options to suit your personal schedule. We understand that life can get in the way, with work, family, and life commitments. It can be challenging, we get it.

Our solution is to provide a tailored approach to your style of learning to help you maximise your time and fit in with your life schedule. Speak to our team for more information regarding the support we can offer you. 


Our easy to use online platform gives you control of your learning experience.

You can access all learning via mobile and tablet, however our platform is desktop oriented and will provide the best experience. 

Assessments are conducted at the end of each unit and delivered in a variety of ways.

We focus on delivering theory based learning through multiple choice questions, written responses, interactive lessons, swipe left to right, and online projects. All part of our dynamic learning experience. 

You will also get access to local student support via phone, email, and online chat.

Self-Paced Learning

Self-paced learning means you can learn on your own time and schedule. You don’t need to complete the same assignments, or learn at the same time as others. 

You can move from one topic or segment to the next at your speed.

You get to select what units you wish to start with, and jump from one to another as you feel you need to. 

We give you full control over your learning experience.

Self paced learning removes the pressure of traditional class room training, and traditional University semesters.


Flexibility means you can work with our team to make the changes you need to get through your course.

You can defer for free or pause your course if your personal circumstances change.

If you find you’ve made the wrong choice when choosing your course, its simple – you can change courses to another that you feel is better suited to you, or you can gift your course to a friend, family member or work colleague – we have options!

Contact our office for more details.

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Select Your Course​

Choose the course that best suits your needs. Should you require any assistance or have questions, feel free to call us at your convenience. In case the course you’re looking for isn’t listed, please don’t hesitate to get in touch with us. We offer a wider range of courses through our other training brands.


Costs & Payments

Now, it’s time to choose your payment method. Our most popular option is the upfront payment, which offers you the largest discount. Additionally, we provide interest-free financing and a pay-as-you-go plan for your convenience. All these payment options are readily accessible from the course page. Please note that for all specialised short courses priced under $500, upfront payment is required.



The enrolment process varies based on the course you select. For Accredited Training courses, once your initial payment is processed, our team will personally guide you through the onboarding process with a phone call and follow-up email. For specialised short courses priced under $500, enrolment is streamlined and conducted exclusively through direct email.



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Pay Upfront Price: $251.28


We’re a new business but part of a bigger company that has been in the RTO training space since 2016.

100%. We are an Australian business, and always have been.

40+ and growing. We have staff all over the country and our HQ is in Brisbane.

No. Our campus is online! We are 100% virtual. We deliver all our courses online through our student learning portal. Without the large costs of a campus and infrastructure, we can offer the best industry prices. And you can study, anytime and anywhere.

Each course has a suggested time frame for completion. This can be viewed on each course page. Courses are self-paced however all have a specific end date. If you need more time, you can request an extension by contacting our office to discuss.

Yes, but let’s talk first. Contact us if you want to change your course, so we can make sure you move to the right pathway. We can direct you towards a new course of equal value without much difficulty. If the new course costs a little more or less, we’ll find a solution to get you sorted.

Yes. We understand that life gets in the way sometimes. Contact our support team and ask us to suspend your course until you’re ready to start again. We might also grant you an official extension. Some fees may apply.

You can contact our support office 5 days a week. We will listen to your concerns and walk you through your options. Generally, we’ll encourage you to push through. Learning can be challenging sometimes, but the challenge is where all the learning starts!

Once you complete and successfully pass your course, and pay your course fees in full, we will email an electronic copy of your full certificate to you. We will also send a hard copy certificate to your postal address.

We are not tax advisors, so we always advise you to seek professional advice. However, if the qualification relates to your job or industry, it is generally 100% tax-deductible. But please seek advice from your tax professional.

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I believe education, any education, is the foundation of success.

I believe education, any education, is the foundation of success.

- Gary Vaynerchuk