Course Title: Implement tax plans and evaluate tax compliance

Part B: Course Detail

Teaching Period: Term2 2013

Course Code: ACCT5319C

Course Title: Implement tax plans and evaluate tax compliance

School: 650T TAFE Business

Campus: City Campus

Program: C6113 - 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

Prepare income tax returns for individuals ( FNSACC502A ). 

Course Description

This unit describes the performance outcomes, skills and knowledge required to assess taxation liabilities, optimise tax positions, establish processes and plans, evaluate tax policies and review tax compliance. This unit has application to a variety of financial services sectors and is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements. The Tax Practitioner’s Board has set specific educational and experience requirements for registration of tax agents that must be met.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSACC603A Implement tax plans and evaluate tax compliance


1. Assess tax liabilities

Performance Criteria:

1. Organisational and operational tax liabilities are identified by analysis of external and internal taxable transactions
2. History and trends in obligations arising from organisational transactions are quantified using standard accounting techniques
3. Data from transactions are analysed to resolve ambiguities and determine the nature of taxation options, etc.
4. Effects of taxes are analysed and scheduled by assessing methods of determination, tax bases and timing of incidence


2. Optimise Tax Positions

Performance Criteria:

1. Implications of obligation on operations and structures are assessed to develop a range of treatments and responses
2. Financial management strategies are developed to ensure the alignment of cash flow with incidence and schedules of tax payments
3. Trends in tax liabilities are analysed and monitored to develop a history of obligations and compliance


3. Establish Processes and Plans

Performance Criteria:

1. Management plans and record keeping systems are developed to implement financial management strategies and ensure the maintenance of an audit trail
2. Management processes are documented to ensure they promote standard application of compliance requirements
3. Taxation liabilities are derived from income and expenditure estimates using standard accounting techniques
4. Budgets are prepared in accordance with estimates and reviewed to ensure ongoing relevance of liability estimates


4. Evaluate Tax Policies

Performance Criteria:

1. Variances between liabilities and taxation plans are analysed to identify errors in tax strategies
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
3. Data is reviewed for accuracy, completeness and reliability of assumptions in liability projections


5. Review Tax Compliance

Performance Criteria:

1. The achievement of performance indicators is assessed and reviewed against key result areas
2. Taxation preparation processes are monitored and reviewed in line with professional taxation and accounting standards requirements
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

A range of learning activities are planned for this unit, including self paced and collaborative classroom based activities. The unit covers the topics of Tax Practitioners, Partnerships, and Trusts and this is followed by the first test, which will be assessed on a competent or a not yet competent basis. Then the topic Primary Producers is covered then assessed via a assignment. The topics of companies is covered after this with lots of hands on exercises, followed by the second test, also on a competent or a not yet competent basis. Superfunds is covered next, then finally Fringe Benefits Tax (FBT) followed by the third and final test

The other classroom activities will stimulate discussion, with frequent questioning used to tease out the understanding of each student.

We will instruct the students in the processes, policies and procedures adopted by the Australian Taxation office ( ATO ), in their administration of the Tax Act, with frequent reference to the rulings and laws contained in the ATO website.  

Teaching Schedule

WeekBegins MondayFULL TIME TIMETABLE (note part time timetable is shown below )       Topic  (this is a guide only)                                                                                 Assessment                
1July 8

 Revision of tax principles, Tax Practitioners, Partnerships: distribution statements, tax payable

 2      15 Partnerships:advanced exs, structural changes 
 3      22 Trusts terminology, taxation S.95A(2), s.101 
 4      29 Trusts: advanced exs, S.100, losses 
 5Aug 5  Unearned income of minors, tax effective distributions 
6      12  Test 1; Squatter game (assignment) Test 1 ( C or NYC )Assignment Out
 7      19 Primary producers, livestock accounts, special deductions 
 8      26

 Special writeoffs and decline in value,
averaging offset

 Sept 2  NON TEACHING WEEK (start 28/4-3/4) 
 9        9   Companies: introduction, reconciliations Assignment Due( C or NYC )
 10      16 Companies: losses, franking accounts 
 11      23 Companies: advanced exercises; Test 2 Test 2 ( C or NYC)
 12      30

 Superfunds, FBT introduction, cars

 13Oct 7  FBT loans, otherwise deductible rule, FBT returns


 14     14   FBT - Salary Packaging; Revision for Test 3 
 15      21 Test 3 Test 3 ( C or NYC)
 1628 Resits, resubmissions, and feedback 
  PART TIME TIMETABLE (for details of exercises and assessments students should refer to the course guide for ACCT5349C which is delivered concurrently with this course) 
1 Partnerships, Trusts introduction 
4 Test 1   Companies introduction 
8 Companies 
12 Test 2 Superfunds, intro to FBT (fringe benefits) 
15 Test 3 (any resits are the following week) 

Learning Resources

Prescribed Texts

: Australian Income Tax Question Book by Alan and Garry Kirby 2013 ed.


Australian Income Tax Answer Book by Alan Kirby and Garry Kirby 2013 Edition

Other Resources

Relevant learning resources will be placed on the Blackboard progressively throughout the semester. Students will need to access this site on a weekly basis to obtain exercises set for practice and they will also be given weekly handouts. as appropriate.

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

Overview of Assessment

Students must demonstrate an understanding of all elements of competency to be deemed competent.

A range of assessment methods are used to assess practical skills and knowledge, for example:
• direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
• review of authenticated documents from the workplace or training environment
• demonstration of techniques

Critical aspects of assessment

Evidence of the following is essential:

Evidence of the ability to:

  • interpret and use standard accounting techniques
  • work within organisational policies and procedures
  • assess tax liabilities and optimise tax position
  • establish processes and plans
  • evaluate tax policies and review compliance


Assessment Tasks

You are required to complete 4 tasks. You must successfully complete all 4 tasks to be deemed competent in this unit.

Task 1 ( Due week 6 )

For this assessment, you sit a closed book test which covers the material presented in weeks 1 to 5 of the semester, namely partnerships and trusts. The test will be of 2 hours duration. The assessment will be based on a competent or not yet competent basis. To pass the semester you must pass the test.


Task 2 ( Due week 9 ).

This task is an assignment which students are requested to undertake in groups of 3, with each student making their own contribution to the overall effort. The assignment stars Dave Rudd a sheep farmer, who owns a large property in outback Australia. Playing the boardgame Squatter creates transactions which, when analysed, enables the students to prepare a tax return for one year,and estimate tax payable after offsets. The students are also required to produce completed accounting records. The assessment will be based on a competent or not yet competent basis.


Task 3 ( Due week 11 ).

This task is a test which will be  based on the material presented in weeks 7 to 11. The assessment will be based on a competent or not yet competent basis. You must pass this test in order to pass the semester.

Task 4 (Due week15)

This task is the final test which will be based on the material presented in weeks 12 to 14. The assessment will be based on a competent or not yet competent basis. Again you must pass the test in order to pass the semester.

Students who are not deemed competent in the tasks 1, 2, 3 and 4 assessments, will be given the opportunity to resit or resubmit the assessment concerned. This will take place at a time which suits both the teacher and the student.
The student must access gradebook to find if they are required to do a resit or resubmit, as the results will be put up on gradebook progressively throughout the semester.


Submission Requirements: 

Assessment tasks need to be submitted as follows:

Test 1 and Test 2  and final Test 3  ( will be presented and submitted during your normal weekly scheduled classes ).

The Assignment is to be submitted via Blackboard with a cover sheet containing all appropriate details.

You should:

• Ensure that you submit assessments on or before the due date. If your performance in the assessment is affected by unexpected circumstances, you should consider applying for Special Consideration. Information on the process and application forms is available at;ID=ls0ydfokry9rz website.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of work for assessment is available on blackboard.
• Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. 

Marking Guide (competency): 

Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.

You need to demonstrate you are competent in each element of the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.

Please refer to the Final Grades table below.

Marking Guide (Grading) 

After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.

The grading is according to the following criteria:


We are looking for a high level of ability to complete all tasks independently as per the specifications as well as demonstrating a high level of initiative in your approach to undertaking and completing the work assigned. 


We are looking for depth of understanding of the key concepts. You should be able to demonstrate a thorough understanding of all applicable principles and concepts in all the assessment tasks.


We are looking for appropriate use of technology to assist in presenting all tasks clearly and suitable for the intended audience. 


We expect to see ongoing uploading of information into Pebble Pad that is relevant to the unit, full utilisation of Pebble Pad and Blackboard as per course requirements and timely submission of all required assessment tasks.


We expect to see contributions to relevant discussions and scheduled Collaborate sessions. 

Final Grades table:

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment 

Further information regarding the application of the grading criteria will be provided by your teacher.







Assessment Matrix

Course Overview: Access Course Overview