Course Title: Prepare complex tax returns and lodgements

Part B: Course Detail

Teaching Period: Term2 2009

Course Code: ACCT5266C

Course Title: Prepare complex tax returns and lodgements

School: 650T TAFE Business

Campus: City Campus

Program: C6072 - Advanced Diploma of Accounting

Course Contact : Bruce Phillips

Course Contact Phone: +61 3 99255735

Course Contact

Name and Contact Details of All Other Relevant Staff

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites


Course Description

This unit covers the competency to analyse taxation related data and prepare complex tax returns and lodgements.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACCT601B Prepare complex tax returns and lodgements


Gather and Analyse Taxation Related Data

Performance Criteria:

Accounting reports relevant to taxation requirements are identified and collected.
Accounting information is analysed to determine relevant taxation elements.


Identify taxation requirements for complex lodgements and returns

Performance Criteria:

Organisational structure of the taxation entity is identified.
Taxation parameters of the organisation are determined.
Lodgement schedule requirements are established.


Process data and prepare tax returns and lodgements

Performance Criteria:

Data is processed to comply with the relevant taxation format.
Returns and lodgements are prepared in accordance with ATO requirements.


Review Taxation lodgement Compliance.

Performance Criteria:

Lodgement and returns are submitted for authorisation by an approved person within the stated deadlines.
Taxation preparation procedures are reviewed to determine their efficiency and effectiveness.
Recommendations arising from the review are made, to enable more efficient organisational structures and procedures for taxation purposes.
Tax office enquiries and taxation audit requirements are met.

Learning Outcomes

Details of Learning Activities

The activities centre around doing problems, problem solving, doing assignments, working in teams, developing a broad understanding of how to prepare tax returns for partnerships, trusts, companies , and superannuation funds. There are important time management skills involved in lodging assignments by due dates, thus learning the skills required in tax return lodgement.

Teaching Schedule






 1 July 6 Intro to Tax Agents. Partnership introduction, difference between common law & tax Law  
 2 13 Partnership distribution statements, reconciliations  
 3 20 Partnerships uncontrolled income, & structural changes  
 4 27 Trusts-introduction, terminology, assessment rules  
 5 3 Aug Trusts-assessment rules,& exercises  
 6 10 Income of minors, tax-effective distributions to inter-vivos trusts  
 7 17 Introduction, revisionfor test  
 8 24 Test 1 Test 1 40% 
 9   7 Sept  Companies & reconciliations  
 10 14 Companies  reconciliations & company losses  
 11 21 Companies & Franking accounts

 Primary producers
assignment out

 12 28 Primary producers- livestock accounts  
 13 5 Oct Primary producers- special concessions  
 14 12 Primary producers- averaging tax offset  
 15 19 Introduction to superannuation funds Assignment due
 16 26 Test 2 Test 2    40% 
 17 2 Nov Resits and resubmissions  
 18 9 Feedback courses, tests, competencies  

Learning Resources

Prescribed Texts

Australian Income Tax 2009     Alan Kirby & Garry Kirby


Australian Income Tax 2009 Answer Book  By Alan kirby & Garry Kirby

Other Resources

Notes as supplied by instructor

Overview of Assessment

Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.

Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met. Students will be provided with feedback throughout the course to check their progress.

Assessment Tasks

Test 1                           40%

Test 2                           40%

Assignment                20%



Assessment Matrix

Course Overview: Access Course Overview