Course Title: Implement tax plans and evaluate tax compliance

Part B: Course Detail

Teaching Period: Term2 2011

Course Code: ACCT5267C

Course Title: Implement tax plans and evaluate tax compliance

School: 650T TAFE Business

Campus: City Campus

Program: C6072 - Advanced Diploma of Accounting

Course Contact : Thomas Scordo

Course Contact Phone: +61 3 99255462

Course Contact

Name and Contact Details of All Other Relevant Staff

Bruce Phillips                                                                                                                                    Thomas  J. Scordo

Email:                                                                                               Email:

Building 108 / Level 13 / Room 11                                                                                                 Building  108 / Level 13 / Room 13

Phone : 99255735                                                                                                                            Phone :  99255462

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 implement tax plans and evaluate tax compliance.

If you are undertaking this course in Melbourne from semester 2, 2012 onward your class will be held in a device-equipped teaching space. Each student group will have access to a laptop. It is however recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus both in and outside class times.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACCT603B Implement tax plans and evaluate tax compliance


1. Assess tax liabilities

Performance Criteria:

1.1  Organisational and operational tax liabilities are identified by analysis of external and internal taxable transactions

1.2  history and trends in obligations arising from organisational transactions are quantified using standard accounting techniques

1.3  data from transactions are analysed to resolve ambiguities and determine the nature of taxation options

1.4  Effects of taxses are analysed and scheduled by assessing methods of determination, tax bases and timing of incidence




2. Optimise tax positions

Performance Criteria:

2.1  Implications of obligations on operations and structure are assessed to develop a range of treatments and responses

2.2  Financial management strategies are developed to ensure the alignment of cash flow with incidence and schedules of tax payments

2.3  Trends in tax liabilities are analysed and monitored to develop a history of obligations and compliance


3. Establish processes and plans

Performance Criteria:

3.1  Management plans and record keeping systems are developed to implement financial management strategies and ensyre the maintenance of an audit trail

3.2  Management processes are documented to ensure they promote standard application of compliance requirements

3.3  Taxation liabilities are derived from income and expenditure estimates using standard accounting techniques

3.4  Budgets are prepared in accordance with estimates and reviewed to ensure ongoing relevance of liability estimates


4. Evaluate tax policies

Performance Criteria:

4.1  Variances between liabilities and taxation plans are analysed to identify  errors in tax strategies

4.2  Performance of tax liabilities in similar or related organisations and operations are monitored and evaluated to measure tax effectiveness and prepare benchmarks and standards

4.3  Data is reviewed for accuracy, completeness and reliability of assumptions in liability projections


5. Review tax compliance

Performance Criteria:

5.1  The achievement of performance indicators is assessed and reviewed against key result areas

5.2  Taxation preparation processes are monitored and reviewed in line with professional taxation and accounting standards requirements

5.3  Failures in compliance are analysed to diagnose shortcomings and to remedy processes in line with taxation authorities' requirements

Learning Outcomes

Details of Learning Activities

This course gives students the opportunity to learn about assessing tax liabilities, optimising tax positions, establish processes and plans, evaluate tax policies and review tax compliance, as the tasks prescribed are done each week, mainly in class but also as homework. The use of on-line learning resources will be substantial, in particular the Australian Tax Office (ATO) website.

Teaching Schedule

 Week Week Beginning Topic as per Student Learning Guide Assessment as per Student Learning Guide
 1 July  4

 Introduction to tax planning: theory and development

of the Australian tax system

 2        11 Tasks 1 and 2  ( web sites ) 
 3         18 Tasks 3, 4 and 5 ( Ruling system ) 
 4         25

 Task 6 ( Returns, Assessments & Amendments ), 

Task 7 ( Audits & Self-Assessment system ),

Task 8 ( Amendments Cont. ).

 5 August  1

 Tasks 9, 10 & 11,  & Review Questions

( Payment of tax, Objections & Appeals ).

 6                 8

 Tasks 12 & 13 and Review Questions & Research Q’s 20 & 21

( Penalties and Offences ).

 7                15  Revision for preparation of Test 1 
 8                22


Mid  Semester  Break -  29 August  to  2 September

 TEST 1  Comp/Not Yet Comp -  Assignment Out

 9 Sept       5     Introduction to Fringe Benefits Tax 
 10                12    Motor Vehicle - FBT calcs 
 11                19 Motor Vehicle - FBT & Loan calcs 
 12                26 FBT Superannuation - Otherwise Deductible Rule- Exemptions 
 13  Oct          3    FBT Returns- Intro. to Salary Packaging Assignment  Due - Comp/Not Yet Comp
 14                 10 FBT & Salary Packaging 
 15                  17 FBT & Salary Packaging- Revision  Test 2 
 16                  24 Test  2 Test  2 ( C  or  NYC )
 17                  31 Final Graded Test - Resits/Rasub. Final Graded Test  -  100%
   18         Nov            7                        Feedback on Tests, resits, etc.,  

Learning Resources

Prescribed Texts

Question Book/ Answer Book " Australian Income Tax " by Alan and Garry Kirby - 2011 Ed.



Apart from the prescribed text, the major references for students to access will be the Australian Tax Office ( ATO ) website, as well as tax legislation and general commentary on tax issues.

Other Resources

Relevant learning resources will be placed on the Learning Hub ( DLS ) progressively throughout the semester. Students will need to access this site on a regular basis to obtain exercises set for practice and the weekly handouts. The first half of the unit will be spent doing research ( web based ) in the computer labs, with Test 1 being based on those tasks and your answers forming the basis for the revision for that Test.

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

Assessment will consist of:   Test 1                                 Competent / Not Yet Competent

                                                      Test  2                               Competent / Not Yet Competent

                                                       Assignment                     Competent / Not Yet Competent                                         

                                                       Final Test                         100 %

Assessment Matrix

Other Information

This course will give students a solid understanding of policies and procedures for the administration of the tax legislation and in particular, the Australian Tax Office oversight of the interpretation ( to some extent ) and clarification of various tax issues, as well as the collection of tax revenues.

Course Overview: Access Course Overview