Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSACC603 Mapping and Delivery Guide
Implement tax plans and evaluate tax obligations
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSACC603 - Implement tax plans and evaluate tax obligations |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to assess taxation liabilities, optimise tax positions, establish processes and plans, evaluate tax policies and review tax compliance for legal entities.It applies to experienced individuals who use analytical and problem-solving skills to prepare plans and strategic advice for clients.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to: common office equipment, technology, software and consumables an integrated financial software system and data. Assessors must satisfy NVR/AQTF assessor requirements. Note: The identification of the unit FNSACC502 Prepare tax documentation for individuals as a prerequisite does not require that it be certificated prior to this unit. This unit and its prerequisite may be delivered and assessed together. This unit is designed to meet regulatory requirements of the Tax Practitioner Board (TPB). Where registration with the TPB is sought, assessment must reflect the conditions described by the regulator, which stipulate that a significant amount (at least 40%) must be completed under some form of independent supervision. Where recognition of prior learning (RPL) is used, it must also meet the requirements of the Board’s policy on RPL. Details of requirements can be accessed on the TPB website at: http://www.tpb.gov.au |
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Prerequisites/co-requisites | |||
Competency Field |
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: 1. Assess legal entity's tax obligations |
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Element: Develop tax plans |
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Element: Assess legal entity's tax obligations |
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Element: Evaluate and advise on tax plan |
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