Assessor Resource

BSBINT408
Prepare business advice on the taxes and duties for international trade transactions

Assessment tool

Version 1.0
Issue Date: March 2024


This unit describes the skills and knowledge required to assess the applicability of the relevant taxes and duties for international trade transactions, and to prepare business advice based on the assessments and calculations undertaken.

It applies to individuals with a broad knowledge of taxes and duties who contribute well-developed skills and knowledge to prepare business advice for a client. This unit addresses the application of relevant legislation, determinations, decisions and guidelines pertaining to the Australian Taxation System and Australian Customs regulations to assess the applicability of the GST, Australian Harmonised Export Commodity Codes for tax and duty related to export transactions, and to accurately calculate relevant taxes and duty and to prepare appropriate business advice for a client.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)



Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Assess applicability of relevant taxes and duties to international trade transactions

1.1 Research the applicability of relevant taxes and duty to international trade transactions

1.2 Research allowable exemptions and specialised schemes and legislations relating to international taxes or applicability to enterprise operations and specific international trade transactions

1.3 Apply allowable exemptions to trade transactions

1.4 Check accuracy of assessments

2 Calculate taxes and duty

2.1 Identify components of international trade transactions to be included in calculations

2.2 Calculate taxes and duty on international trade transactions

2.3 Check accuracy of calculations

3 Prepare business advice on applicable taxes and duty

3.1 Prepare results of calculations and business advice in required format

3.2 Check calculations for accuracy, and seek and obtain verification from relevant personnel as required

3.3 Pass completed business advice to client and other relevant personnel as required


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Assess applicability of relevant taxes and duties to international trade transactions

1.1 Research the applicability of relevant taxes and duty to international trade transactions

1.2 Research allowable exemptions and specialised schemes and legislations relating to international taxes or applicability to enterprise operations and specific international trade transactions

1.3 Apply allowable exemptions to trade transactions

1.4 Check accuracy of assessments

2 Calculate taxes and duty

2.1 Identify components of international trade transactions to be included in calculations

2.2 Calculate taxes and duty on international trade transactions

2.3 Check accuracy of calculations

3 Prepare business advice on applicable taxes and duty

3.1 Prepare results of calculations and business advice in required format

3.2 Check calculations for accuracy, and seek and obtain verification from relevant personnel as required

3.3 Pass completed business advice to client and other relevant personnel as required

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Research the applicability of relevant taxes and duty to international trade transactions 
Research allowable exemptions and specialised schemes and legislations relating to international taxes or applicability to enterprise operations and specific international trade transactions 
Apply allowable exemptions to trade transactions 
Check accuracy of assessments 
Identify components of international trade transactions to be included in calculations 
Calculate taxes and duty on international trade transactions 
Check accuracy of calculations 
Prepare results of calculations and business advice in required format 
Check calculations for accuracy, and seek and obtain verification from relevant personnel as required 
Pass completed business advice to client and other relevant personnel as required 

Forms

Assessment Cover Sheet

BSBINT408 - Prepare business advice on the taxes and duties for international trade transactions
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

BSBINT408 - Prepare business advice on the taxes and duties for international trade transactions

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: