1. Legislation and regulations from all levels of government will affect various aspects of business

1. Legislation and regulations from all levels of government will affect various aspects of business operations and the risk management aspect of business. The impact of legislation and regulations will depend on business operations/ type of business, the number of staff employed, industry sector and the structure of the business.

Explain in 200–250 words:

*why it is necessary to have a working knowledge of the legislation involved in business

*what legislation or regulations apply to the industry area in which you work or intend to work—list and give a brief description of eight forms of relevant legislation

*how and from where you sourced this information

Make a list of 10 forms of legislation or regulation that could have an impact on risk and that you might have to outline when communicating with employees.

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