Required skills

communication skills to

confirm work requirements using questioning and active listening as required

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

numeracy and IT skills to

accurately analyse code record and store data in accordance with organisational requirements

identify and make adjustments as necessary to any inconsistencies in numerical data

access and use appropriate financial management software spreadsheets and databases

use internet information

analysis for accessing interpreting and managing relevant financial data

literacy skills for interpreting documentation and compiling reports

selfmanagement skills for complying with ethical legal and procedural requirements

problem solving skills to identify any issues that have the potential to impact on the Activity Statement compilation and lodgement process and to develop options to resolve these issues when they arise or refer to other professionals as appropriate

organisational skills including the ability to plan and sequence work to meet statutory legislative regulatory and organisational deadlines particularly with relation to the lodgement of Activity Statements

teamwork skills to identify activities required with business owners and tax agents

Required knowledge

Australian Taxation Office ATO requirements including meeting of deadlines in relation to Activity Statements

current statutory legislation and regulatory requirements related to the preparation of Activity Statements

accounting terminology in order to understand and maintain knowledge of statutory legislative regulatory and other requirements

GST terminology classifications regulations and obligations

characteristics of software necessary for research or to record information electronically

TPB requirements in relation to registration as a BAS agent

The obligations of a BAS agent under the Tax Agent Services Act TASA including the Code of Professional Conduct and the Civil Penalty provisions

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

interpret and comply with relevant provisions in the following Acts and their associated regulations

Tax Agent Services Act TASA

Fringe Benefits Tax Assessment Act

Superannuation Guarantee Administration Act

Superannuation Guarantee Charge Act

A New Tax System Goods and Services Tax Act

Income Tax Assessment Act

Income Tax Assessment Act

Taxation Administration Act

Privacy Act

interpret and comply with relevant ATO and TPB requirements including TPB registration requirements where applicable

apply GST terminology and appropriate application to financial transactions

meet taxation requirements for business purposes and taxation parameters related to a range of business types

use relevant accounting terminology when maintaining accounting records for a variety of business types for taxation purposes

accurately complete all sections of both BAS and IAS for multiple entity types

lodge statements within the allocated timeframe

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

access to an integrated financial software system

access to relevant legislation and industry material

access to the ATO and TPB and materials available from the ATO and TPB including through the internet

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

oral or written questioning on underpinning knowledge and skills

setting and reviewing workplace projects and business simulations or scenarios

evaluating samples of work

accessing and validating third party reports

Assessment methods approved by the Tax Practitioners Board must be met for BAS agent registration

Guidance information for assessment

If undertaking this unit for processing BAS and IAS including the completion of Activity Statements the following items in the Range Statement must be assessed to be considered as having fulfilled some of the educational requirements for registration with the TPB

Legislative and regulatory requirements

Payment options

GST principles

GST classifications

Legislative and regulatory requirements must include:

Organisational and industry requirements may include:

Payment options must include:

GST principles must include:

GST classifications must include:

Other payments may include:

Amounts withheld may include: