- BSBINT408B - Prepare business advice on the taxes and duties for international trade transactions
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBINT408B Mapping and Delivery Guide
Prepare business advice on the taxes and duties for international trade transactions
Version 1.0
Issue Date: April 2024
| Qualification | - |
Unit of Competency | BSBINT408B - Prepare business advice on the taxes and duties for international trade transactions |
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| Description | This unit describes the performance outcomes, 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.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
| Employability Skills | This unit contains employability skills. | ||
| Learning Outcomes and Application | This unit applies to individuals with a broad knowledge of taxes and duties who contribute well developed skills and knowledge to preparing 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 Harmonized 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. | ||
| Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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| Prerequisites/co-requisites | |||
| Competency Field | Business Development - International Business | ||
| Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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| Elements of Competency | Performance Criteria | |||||||
| Element: Assess applicability of relevant taxes and duties to international trade transactions |
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| Element: Calculate taxes and duty |
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| Element: Prepare business advice on applicable taxes and duty |
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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.
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 following is essential: at least two examples of accurate calculation of GST, other taxes and duty payable across a range of international trade transactions at least two examples of situations where an assessment of allowable exemptions and/or incentives has been made records of relevant documentation used in the workplace including examples of completed business advice knowledge of legislation, codes of practice and national standards relevant to the work role. |
Context of and specific resources for assessment | Assessment must ensure: access to workplace documentation access to information about applicable taxes and exemptions access to an actual workplace or simulated environment access to office equipment and resources. |
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: direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate oral or written questioning to assess knowledge of allowable exemptions and specialised schemes affecting taxes/duty payable on imports/exports assessment of research into applicability of GST and related taxes and duty to trade transactions assessment of accuracy of calculations review of results of calculations and business advice prepared in the required format. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: BSBINT407B Prepare business advice on export Free on Board Value. |
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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.
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Required skills |
numeracy skills to perform calculations learning skills to maintain relevant knowledge of client products and services to be exported. |
Required knowledge |
identification and overview knowledge of key provisions of relevant legislation from all levels of government that affects business operations, codes of practice and national standards, such as: Customs Act Goods and Services legislation other taxation legislation and relevant determinations, decisions and guidelines trade modernisation legislation: Customs Legislation Amendment and Repeal Act, Import Processing Charges Act, Customs Depot Licensing Charges Amendment Act other applicable legislation allowable exemptions and specialised schemes affecting taxes/duty payable on imports/exports. exclusions allowable for GST, related taxes and duty organisation's policies and procedures relating to import, export and customs brokerage/freight forwarding activity penalties for incorrect calculation of taxes/duty payable |
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. | |
Relevant taxes may include: | goods and services tax (GST) luxury car tax (LCT) wine equalisation tax (WET) other taxes, duties and tariffs on supplies and importations |
Allowable exemptions and specialised schemes may include: | government initiatives and schemes to promote exports of Australian goods and commodities Tradex Scheme and other duty drawback schemes which provide for an upfront exemption from customs duty and taxes on imported goods intended for re-export or to be used as inputs to exports |
Relevant personnel may include: | colleagues, for further processing customs broker manager, for checking and verification |
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 |
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| Research applicability of relevant taxes and duty to international trade transactions | |||
| Research allowable exemptions and specialised schemes 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 the required format | |||
| Check calculations for accuracy, and seek and obtain verification from relevant personnel as required | |||
| Pass completed business advice on to client and other relevant personnel as required |
Forms
Assessment Cover Sheet
BSBINT408B - 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
BSBINT408B - 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: