Course Title: Prepare complex tax returns and lodgements

Part B: Course Detail

Teaching Period: Term2 2011

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

Thomas Scordo
Ph: +61 3 9925 5462

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:

2.1 Accounting reports relevant to taxation requirements are identified and collected

2.2 Accounting information is analysed to determine relevant taxation elements


Identify taxation requirements for complex lodgements and returns

Performance Criteria:

1.1 Organisational structure of the taxation entity is identified

1.2 Taxation parameters of the organisation are determined

1.3 Lodgement schedule requirements are established


Process data and prepare tax returns and lodgements

Performance Criteria:

3.1 Data is processed to comply with the relevant taxation format

3.2 Returns and lodgements are prepared in accordance with Australian Taxation Office (ATO) requirements


Review Taxation lodgement Compliance.

Performance Criteria:

4.1 Lodgements and returns are submitted for authorisation by an approved person within the stated deadlines

4.2 Taxation preparation procedures are reviewed to determine their efficiency and effectiveness

4.3 Recommendations arising from the review are made to enable more efficient organisational structures and procedures for taxation purposes

4.4 Tax office enquiries and taxation audit requirements are met

Learning Outcomes

Details of Learning Activities

Students will learn complex tax returns and lodgements skills through class work on prescribed exercises including preparation of the returns themselves, research and assessment work. 
The total number of scheduled hours of teaching, learning and assessment involved in this course will include all planned activities. This may incorporate face-to-face classes, lectures, workshops and seminars; wherever possible workplace visits, online learning and other forms of structured teaching and learning. The total scheduled hours includes the amount of effort required to undertake, evaluate and complete all assessment requirements, including observation of work performance, discussions with supervisors and others providing third party evidence and one on one and group assessment sessions with students.

Teaching Schedule

The following schedule is for 17x4= 68 hrs, which is in excess of the total of nominal hours (60). In addition, students are given self-directed learning, namely homework exercises which are set after every class, and work on the assignment.

WeekWeek CommencingTOPICAssessment
1 04/07/2011Tax agents, partnerships 
2 11/07/2011Partnerships distributions 
3 18/07/2011Partnerships uncontrolled income, structural changes 
4 25/07/2011Primary Producer livestockPrimary Producer
Assignment out
5 01/08/2011Primary Producer deduction 
6 08/08/2011Primary Producer averaging tax offset  
7 15/08/2011Trusts terminology 
8 22/08/2011Trusts assessment rulesPrimary Producer
Assignment IN
9 05/09/2011Trusts, income of minors 
10 12/09/2011Test 1Test (40%)
11 19/09/2011Introduction to companies 
12 26/09/2011Company reconciliations 
13 03/10/2011Company reconciliations, losses & R & D expenditure 
14 10/10/2011Companies franking account  
15 17/10/2011Superannuation funds 
16 24/10/2011Test 2Test (40%)
17 31/10/2011Holistic test, feedback Holistic test

Learning Resources

Prescribed Texts

Question Book Australian Income Tax; Alan/Garry Kirby 2010 ed


Notes and Exercises will be made available on DLS.

Answer Book Australian Income Tax; Alan/Garry Kirby 2010 ed

Other Resources

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

The course contains assessment of all the learning outcomes in the two tests and the assignment. To gain a competent (pass) in this subject, you need to pass each of the three assessment items (assignment, test1 and test 2). In other words the student will have to satisfactorily complete all assessment tasks to pass.
The assignment will offer a variety of situations, with each candidate having different data in a simulation of a work environment for a tax accountant in a public practice.
The tests are closed book generally two hours and certain basic information is provided to the student eg. tax rates and depreciation rates.
Then to obtain an actual grade (percentage) you will sit the "holistic test". It is not compulsory to sit the holistic test, but if you do not or you failed it, then you will be awarded either "competent" or "not competent", without any grade. The holistic test is conducted to give those students who passed the three assessments, a grade.

The holistic test is also used to give those students who failed one of the assessments (not competent), a opportunity to become competent

Assessment Matrix

 Test 1Test 2Assignment
Identify tax reqsVVV
Gather & analyseVVV
Process dataVVV
Review taxationVVV

Other Information

Embedded within the unit of competency is the following skills:

  • Communication
  • teamwork
  • problem-solving
  • initiative/enterprise
  • planning/organising
  • self-management
  • learning
  • technology

Special Consideration
Students may apply for Special Consideration on a range of medical or compassionate grounds where they experience unexpected or extenuating circumstances during or at end of a semester which: 

  • Prevented them from submitting assessable work; or, 
  • Prevented them from attending an examination; or, 
  • Substantially affected their performance in the above.

Examples of unexpected or extenuating circumstances normally considered include: 

  • Serious illness or psychological condition – e.g. hospital admission, serious injury, severe asthma, severe anxiety or depression. Does not include minor illness such as a cold. 
  • Loss or bereavement – e.g. death of a close family member, family/relationship breakdown.
  • Hardship/trauma – e.g. victim of crime, sudden loss of income or employment, severe disruption to domestic arrangements.

Students should not presume that special consideration is automatically granted for any missed assessment. Special Consideration must be applied for and the procedures for application must be followed. For details relating to formal application click on the following link.
Where a student misses an assessment without reason they will be given an opportunity to redo the assessment as scheduled. Under these circumstances the maximum marks available will be 50% of the total marks for the assessment.
The assignment aims to give students an opportunity to demonstrate ability including wider research without a strict limitation on time. Where students are unable to submit the assignment on time, then they must seek special consideration as per above.

Course Overview: Access Course Overview