FNSTPB401 Student Assessment Tasks

Sydney International Institute Pty Ltd
T/A Sydney International Business College

ABN No: 40 602 418 815 RTO No: 41182 CRICOS No.:
03504G
Sydney: Level 7 & Level 5, 307 Pitt Street, Sydney NSW 2000
Hobart: Level 2, 2/27 Elizabeth Street, Hobart TAS 7000
Phone: 02 9264 4438 (Sydney) 03 8648 8556 (Hobart)
Email: info@sibc.nsw.edu.au Website: www.sibc.edu.au
Assessment Tool
FNSTPB401 Complete business activity and instalment
Unit Details activity statements (Release 1)
This is a summative assessment, which requires each

Assessment
student to have adequate practice prior to undertaking this
Type assessment
Assessment 1
Questions and answers (33 written questions)
Assessment 2
Assessment Project (Students must complete a range of calculations
to demonstrate their knowledge of compliance
Methods obligations)
Assessment 3
Project (Students must meet with a client, prepare a
BAS worksheet based on data provided, and
seek authorisation to lodge the BAS)
Last Modification Date April 2020
Proposed Review Date April 2021

FNSTPB401 Complete business activity and instalment activity statements Student Assessment Tasks
Assessment Information
The assessment tasks for FNSTPB401 Complete business activity and instalment activity statements
are included in this Student Assessment Tasks booklet and outlined in the assessment plan below.
To be assessed as competent for this unit, you must complete all of the assessment tasks satisfactorily.
Assessment Plan
Assessment Task Overview
1. Written questions You must correctly answer all questions.
2. BAS/IAS and GST calculations You must complete a range of calculations to demonstrate your
knowledge of compliance obligations.
3. BAS preparation and lodgement You must meet with a client, prepare a BAS worksheet based
on data provided, and seek authorisation to lodge the BAS.
Assessment Preparation
Please read through this assessment thoroughly before beginning any tasks. Ask your assessor for
clarification if you have any questions at all.
When you have read and understood this unit’s assessment tasks, print out the Student Assessment
Agreement. Fill it out, sign it, and hand it to your assessor, who will countersign it and then keep it on file.
Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you.
Assessment appeals
If you do not agree with an assessment decision, you can make an assessment appeal as per your RTO’s
assessment appeals process.
You have the right to appeal the outcome of assessment decisions if they feel they have been dealt with
unfairly or have other appropriate grounds for an appeal.
© 2020 RTO Works <RTO Name and ID> Page 2

Naming electronic documents

It is important that you name the documents that you create for this Assessment Task in a logical manner.
Each should include:
 Course identification code
 Assessment Task number
 Document title (if appropriate)
 Student name
 Date it was created
For example, FNSTPB401 AT3 BAS Worksheet Joan Smith 20/10/18
Additional Resources
You will be provided with the following resources you begin the assessment tasks.
Assessment Task 2
 IAS N Form Student
Assessment Task 3
 BAS Calculations Student
 BAS Data
 BAS Form Student
 BAS Worksheet Student
 IAS Form Student

Assessment Instructions
Each assessment task in this booklet consists of the following:
Assessment Task Cover Sheet

This must be filled out, signed and submitted together with your assessment responses.
If you are submitting hardcopy, the Cover Sheet should be the first page of each task’s submission.
If you are submitting electronically, print out the cover sheet, fill it out and sign it, then scan this and submit
the file.
The Assessment Task Cover Sheet will be returned to you with the outcome of the assessment, which will
be satisfactory (S) or unsatisfactory (U). If your work has been assessed as being not satisfactory, your
assessor will include written feedback in the Assessment Task Cover Sheet giving reasons why. Your
assessor will also discuss this verbally with you and provide advice on re-assessment opportunities as per
your RTO’s re-assessment policy.
Depending on the task, this may include

 resubmitting incorrect answers to questions (such as short answer questions and case studies)
 resubmitting part or all of a project, depending on how the error impacts on the total outcome of the
task
 redoing a role play after being provided with appropriate feedback about your performance
 being observed a second (or third time) undertaking any tasks/activities that were not satisfactorily
completed the first time, after being provided with appropriate feedback.
Assessment Task Information

This gives you:
 a summary of the assessment task
 information on the resources to be used
 submission requirements
 re-submission opportunities if required
Assessment Task Instructions

These give questions to answer or tasks which are to be completed.
Your answers need to be typed up using software as indicated in the Assessment Task Instructions.
Copy and paste each task’s instructions into a new document and use this as the basis for your assessment
task submission. Include this document’s header and footer.
If you are submitting electronically, give the document a file name that includes the unit identification
number, the task number, your name and the date.
Checklist
This will be used by your assessor to mark your assessment. Read through this as part of your preparation
before beginning the assessment task. It will give you a good idea of what your assessor will be looking for
when marking your responses.

Student Assessment Agreement
Make sure you read through the assessments in this booklet before you fill out and sign the agreement
below.
If there is anything that you are unsure of, consult your assessor prior to signing this agreement.
Have you read the assessment requirements for this unit? ü Yes  No
Do you understand the requirements of the assessments for this unit? ü  Yes  No
Do you agree to the way in which you are being assessed? ü  Yes  No
Do you have any specific needs that should be considered? ü  Yes  No
If so, explain these in the space below.
Do you understand your rights to re-assessment? ü  Yes  No

Do you understand your right to appeal the decisions made in an assessment? ü  Yes  No
Student name Willy
Student number SIBC311088
Student signature
Date 11/05/2020
Assessor name Desiree Dar
Assessor signature
Date

Assessment Task 1 Cover Sheet
Student Declaration
To be filled out and submitted with assessment responses
ü  I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded
with any other student(s).
ü  I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against
me according to the process explained to me.
ü  I have correctly referenced all resources and reference texts throughout these assessment tasks.
Student name
Willy
Student ID number SIBC311088
Student signature
Date 11/05/2020
Assessor declaration
 I hereby certify that this student has been assessed by me and that the assessment has been carried
out according to the required assessment procedures.
Assessor signature
Date
Assessment outcome S NS DNS Resubmission Y N
Feedback
Student result response

 My performance in this assessment task has been discussed and explained to me.
 I would like to appeal this assessment decision.
Student signature
Date
A copy of this page must be supplied to the office and kept in the student’s file with the evidence.

Assessment Task 1: Written Questions
Task summary
This is an open book test, to be completed in the classroom.
A time limit of 3 hours to answer the questions is provided.
You need to answer all of the written questions correctly.
Your answers must be word processed and sent to the assessor as an email attachment.
Required
 Access to textbooks/other learning materials
 Computer and Microsoft Office
 Access to the internet
Timing
Your assessor will advise you of the due date of this submission.
Submit
 Answers to all questions
Assessment criteria
All questions must be answered correctly in order for you to be assessed as having completed the task
satisfactorily.
Re-submission opportunities
You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have
satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you
written feedback along with guidance on what you must undertake to demonstrate satisfactory performance.
Re-assessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with
unfairly, or have other appropriate grounds for an appeal.
You are encouraged to consult with the assessor prior to attempting this task if you do not understand any
part of this task or if you have any learning issues or needs that may hinder you when attempting any part of
the assessment.

Written answer question guidance

The following written questions use a range of “instructional words” such as “identify” or “explain”, which tell
you how you should answer the question. Use the definitions below to assist you to provide the type of
response expected.
Note that the following guidance is the minimum level of response required.
Analyse – when a question asks you to analyse something, you should do so in in detail, and identify
important points and key features. Generally, you are expected to write a response one or two paragraphs
long.
Compare – when a question asks you to compare something, you will need to show how two or more things
are similar, ensuring that you also indicate the relevance of the consequences. Generally, you are expected
to write a response one or two paragraphs long.
Contrast – when a question asks you to contrast something, you will need to show how two or more things
are different, ensuring you indicate the relevance or the consequences. Generally, you are expected to write
a response one or two paragraphs long.
Discuss – when a question asks you to discuss something, you are required to point out important issues or
features, and express some form of critical judgement. Generally, you are expected to write a response one
or two paragraphs long.
Describe – when a question asks you to describe something, you should state the most noticeable qualities
or features. Generally, you are expected to write a response two or three sentences long.
Evaluate – when a question asks you to evaluate something, you should do so putting forward arguments
for and against something. Generally, you are expected to write a response one or two paragraphs long.
Examine – when a question asks you to examine something, this is similar to “analyse”, where you should
provide a detailed response with key points and features and provide critical analysis. Generally, you are
expected to write a response one or two paragraphs long.
Explain – when a question asks you to explain something, you should make clear how or why something
happened or the way it is. Generally, you are expected to write a response two or three sentences long.
Identify – when a question asks you to identify something, this means that you are asked to briefly describe
the required information. Generally, you are expected to write a response two or three sentences long.
List – when a question asks you to list something, this means that you are asked to briefly state information
in a list format.
Outline – when a question asks you to outline something, this means giving only the main points, Generally,
you are expected to write a response a few sentences long.
Summarise – when a question asks you to summarise something, this means (like “outline”) only giving the
main points. Generally, you are expected to write a response a few sentences long.

Assessment Task 1 Instructions
Provide answers to all of the questions below:
1. Describe a research method that you could use to update your knowledge of professional and
legislative requirements relating to activity statements.
- By using the internet
- By interviewing other professionals
- By reviewing articles in newspapers and journals
2. List two sources of information that you could use to update your knowledge of professional
and legislative requirements relating to activity statements.
- Internet
- Other professionals
3. List three key features of the Tax Agent Services Act 2009.
- Impose disciplinary standards
- Protect tax payers
- Establish a professional code of conduct
4. Who must register as a BAS agent with the Tax Practitioners Board?
Anyone who provides BAS as part of their services
5. Outline the educational requirements for persons seeking to register as a BAS Agent with the
Tax Practitioners Board.
- To have completed a course in GST/BAS taxation
- To have been awarded at minimum a Cert IV in Financial Services
6. Explain the requirements for a Fit and Proper person in terms of registering as a BAS Agent
with the Tax Practitioners Board.
- Whether the individual has a good character and integrity
- Whether the individual has ever served imprisonment during the previous 5 years
- Whether the individual has ever had the status of undischarged bankrupt during the
previous 5 years
7. Explain the Code of Professional Conduct as stated in the Tax Agent Services Act 2009. Give at
least one example of expected codes of behaviour.
- Honesty and integrity: you must comply with the taxation laws
- Independence: you must act lawfully in the best interests of your client
- Competence: you must ensure that the services provided is competent
- Confidentiality: you must not disclose any personal information related to you client

8. Give three examples of sanctions that may be applied by the TPB for failure to comply with the
Code of Professional Conduct.
- Give you a written caution
- Suspend your registration
- Terminate your registration
9. As per the Fringe Benefits Tax Assessment Act, explain Fringe Benefits Tax (FBT) and provide
three examples of what is considered fringe benefits for tax purposes.
- FBT is a tax that employers pay on benefits they provide to their employees, including their
employees’ family or other associates. For example an employee’s salary, cars, loans, and
other benefits
10. Describe the purpose of A New Tax System (Goods and Services Tax) Act 1999.
To provide for the administration of the goods and services tax, and for related purposes. It
also provides for regulations to define the treatment of financial services under the GST. That is,
for those services, no GST would be payable on the supply, and no input tax credits would be
allowed for any GST paid on purchases used to make the supply.
11. Give three examples of exempt income under the Income Tax Assessment Act.
- Australian government pensions
- Disaster relief payment
- Career allowances
12. Explain the purpose of the Tax Administration Act 1953.

- To provide for the administration of certain Acts relating to taxation
- To allow for administrative penalties
13. Explain the purpose of the wine equalisation tax.

Wine tax was introduced to maintain wine prices and revenue collected from wine sales in order
to avoid dramatic and dislocating price falls. It is a one-off tax to collect 29% of the wholesale
value of wine between the wholesaler and retailer if they are registered for GST.
14. Explain the purpose of the luxury car and fuel tax.
LCT (Luxury Car Tax) is a tax which main purpose is to collect tax from businesses or individual
owners for car purchases that have a GST value above a specific threshold. Fuel tax is an
additional tax collected on fuel that is added on the top custom duty
15. Explain the concept of PAYG withheld.

PAYG tax withheld is the amount you withhold from payments to employees, contractors and
company directors. You may also need to withhold from payments to other businesses if they
don't quote their Australian business number (ABN) to you
16. Identify a link that you would use to work out tax withholding.
https://www.ato.gov.au/Rates/Tax-tables/

17. List at least two circumstances where an employer would be required to withhold additional
amounts from a person’s wages.
- When the employee doesn’t provide a TFN
- When the employee has a HELP debt
18. What are the three main obligations for a business when a new employee is hired?
- A TFN declaration form must be completed
- PAYG tax needs to be withheld and remitted to the ATO
- Superannuation must be paid into the employee’s super fund
19. Explain fringe benefits and give three examples of fringe benefits and three examples of
excluded benefits .
- Fringe benefits is a benefit provided by an employer, in respect of employment, to an
employee. For example: cars, laptops/computers, travel and accommodation.
20. Explain the key requirements of the Privacy Act 1988 and the Australian Privacy Principles.
- The Privacy Act is an Australian law which regulates the handling of personal information
about individuals.
- The APPs are rules that set out how businesses may collect, use, store and disclose
personal information.
21. List three points that should be followed by a tax agent to ensure compliance with privacy
legislation.
- Collection must be necessary
- Collection must be fair and lawful
- Take reasonable steps to ensure the personal information you collect is complete and up to
date
22. How often must PAYG payment summaries be distributed to employees and when must they be
provided.
- Each year and distributed to employee by 14th July following the financial year’s end
23. Explain the superannuation guarantee and employee eligibility for superannuation.
Superannuation is a contribution made by employers toward their employee’s, and it must be
paid for all employees over 18 and who earn at least $450 a week. In other words, every
employer is supposed to contribute 9.50%of gross salary and wages of employees to their
designated superannuation fund
24. What allowances are there for employees with regard to voluntary contributions for
superannuation and what are the tax implications?
- Employees may make additional voluntary contributions from their salary up to a specified
limit [$30,000 - $35,000 depending on the age]
25. What tax benefits does payment of voluntary superannuation provide?

- It is taxed less than other tax payable (15%)
26. List the information that must be included on an invoice in order for it to be a valid tax invoice.

- The supplier’s ABN

- The GST inclusive price
- The date of issue
- The name of the supplier
- A brief description of the goods/services
27. Where a business does not quote an ABN on its invoice, what would the business that received
the invoice do?
- The business must withhold the tax payable at 49%
28. What are instalment activity statements and who must submit them?
The IAS is a form used by taxpayers who are not registered for the GST. It is required to be
lodged by entities that prepare a quarterly BAS because they are a medium withholder
29. Give three examples of information that is reported on an Instalment Activity Statement (IAS).
- PAYG instalment amount
- PAYG tax withheld
- FBT obligation
30. Give five examples of work related expenses that can be deducted.
- Uniforms
- Telephone
- Internet
- Work related travel
- Rent
31. How long must a tax-payer keep receipts for work-related expenses?
5 years after the lodgement
32. Under what circumstances must a business register for GST?

If the current or projected GST turnover is $75,000 or more
33. List the three different types of supplies in relation to GST.

- Taxable supplies
- GST free supplies
- Input taxed supplies

Assessment Task 1 Checklist
Student’s name: Willy
Did the student provide a sufficient and Completed

clear answer that addresses the successfully Comments
suggested answer for: Yes No
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Question 11
Question 12
Question 13
Question 14
Question 15
Question 16
Question 17
Question 18
Question 19
Question 20

Question 21
Question 22
Question 23
Question 24
Question 25
Question 26
Question 27
Question 28
Question 29
Question 30
Question 31
Question 32
Question 33
Task Outcome: Satisfactory  Not Satisfactory 

Assessor signature
Assessor name
Desiree Dar
Date


Student Declaration
Student name
Willy
Student signature
Date
18/05/2020
Assessor name
Desiree Dar
Assessor signature
Date
Feedback

Student signature
Date

Assessment Task 2: BAS and instalment activity calculations
Task summary
For this assessment task, you are required to complete a range of BAS, IAS and GST calculations to
demonstrate your ability to apply your knowledge of this area.
Answers must be word processed and sent as an email attachment.
This assessment is to be completed in the simulated work environment in the RTO.
Required
 Access to textbooks/other learning materials
 Computer with Microsoft Office and internet access
Timing
Your assessor will advise you of the due date of this submission.
Submit
 Email with answers to all questions attached
 Hard copy of completed IAS N Form
Assessment criteria
For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all
of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete
further assessment to demonstrate competence.
unfairly or have other appropriate grounds for an appeal.
the assessment.

Complete the following activities:
1. An organisation that is an accruals quarterly payer has completed the BAS for the third quarter
in the tax year.
 By what date must this be reported and lodged?
By 28 April following the 3rd quarter (Jan-March)
 If the organisation had chosen to report monthly, by what date would the March BAS need
to be lodged? By 21 April
34. Complete the following table by placing a  to indicate reporting requirements.
BAS and IAS reporting requirements
Quarterly Monthly Accruals

Gross annual turnover of sales reporting reporting Cash payer payer
Less than $2 million ü ü
More than $2 million ü ü
Less than $20 million ü
More than $20 million ü
Annual PAYG withholdings

Less than $25,000 ü
More than $25,000 ü
FBT liability greater than $3,000 ü
35. In the second quarter of the tax year a quarterly paying firm makes taxable supplies (sales) of
$122,000. They have tax invoices to the gross value of $55,000 all entitled to input tax credits.
Calculate their entitlement to input tax credits and liability to output tax payable as well as the
net GST owing to the ATO for the quarter.
Output tax payable = $121,990/11 = $11,090
Input tax credits = $55,000/11 = $5,000
Net GST owing for the quarter = $11,090 – $5,000 = $6,090

36. A firm that is registered for GST and delivers architectural services has made the following
outputs (or supplies) in the tax period.
Calculate the GST payable for the period using the table below.
$ Taxable Exports GST-free Input Taxed

Services 450,000 450,000
Export supplies 25,000 25,000
Other GST-free supplies 4,400 4,400
Residential rent 6,600 6,600
Commercial rent 13,200 13,200
Interest received 500 500
Sale of asset 2,200 2,200
Total outputs 501,900 465,400 25,000 4,400 7,100
GST PAYABLE = 465,400/11 = $42,309
37. You receive an invoice from a supplier for a total of $4,400 and you notice that no ABN is
quoted. On checking with the supplier, you are told he has not yet requested an ABN. What
amount will you pay the supplier?
Invoice with no ABN = $4,400
PAYG withholding = $2,068 [47%]
Pay the supplier = $2,332

38. Complete the Instalment Activity Statement below using the following information:
 An invoice totalling $5,505 did not have an ABN so the business withheld the mandatory
amount from the payment to the supplier.
 From the payroll report the gross salary and wages for the quarter was $120,000
 PAYG withholding tax from the gross wages was $24,515
 Amount withheld from $5,000 interest paid to a non-resident.
PAYG tax withheld

For the QUARTER from 1 Oct 20XX to 31 Dec 20XX
Total salary, wages and other

W1 $ 1 2 0 0 0 0 .00
components
Amount withheld from payments

W2 $ 2 4 5 1 5 .00
shown at W1

Amount withheld where no ABN
W4 $ 2 5 8 7 .35
is quoted
Other amounts withheld

(excluding any shown at W2 or W3 $ 5 0 0 .00
W4)
Total amounts withheld (W2 +

W5 $ 2 7 6 0 2 .35
W4 + W3)
39. Robert has just joined your organisation. His annual salary is $102,000. Robert has a HELP
debt. Calculate Robert’s compulsory HELP payment.
HELP DEBT = Total salary x 7.5 / 100
= $ 102,000 x 7.5 / 100
= $ 7,650

40. This is a list of GST-inclusive revenue received for the quarter by a company. Calculate the
PAYG instalment income, showing your calculations.
Account $ Instalment income

Sales and supplies 330,000
Export supplies 125,000
Residential rent received 7,700
Commercial rent received 11,000
Interest received 250
Sale of asset 990
Totals outputs 474,940
Taxable less Input

Account Outputs GST and asset Exports GST-free taxed
Sales and supplies 330,000 300,000
Export supplies 125,000 125,000
Residential rent received 7,700 7,700
Commercial rent received 11,000 10,000
Interest received 250 250
Sale of asset 990
Totals outputs 474,940 310,000 125,000 0 7,950
PAYG instalment income 442,950
41. Create a GST Invoice with the following details:

 Barry’s Building Supplies ABN 43 567 897 098
 Date (use today’s date)
 Tax Invoice number: 1
 To: Sharon Stone, 56 Tilly Drive, Sydney NSW 2000
 For: supply of 100 slate roof tiles at $5 each.
Tax Invoice

Barry’s Building Supplies

ABN 43 567 897 098
420 Pitt Street
Sydney NSW 2000
Date: 18/5/2020
To: Sharon Stone
56 Tilly Drive
Sydney NSW 2000
Quantity Description Price GST Total

100 slate roof tiles $5 $0.5 $550
TOTAL AMOUNT PAYABLE $550
https://www.ato.gov.au/business/gst/issuing-tax-invoices/
42. William works for Jack’s Mowers as a casual labourer. This week he has worked 30 hours at
$25 per hour. What amount must Jack pay William and what amount is owed to the ATO to be
paid through the IAS?
Calculation before tax
30 hours x $25 = $750
According to weekly tax table:
$750 - $96 = $654
Therefore, Mr Jack will pay $654 and withhold $96
43. Barry Thomas has been working full-time for Jack’s mowers for several years, earning $52,000
per annum. He has been paying PAYG at $2,379 each quarter.
Due to internal business restructuring, however, he will now be working part-time, and his will
earn only $39,000 this year.
Print out IAS N Form Student, fill it out for Barry, and hand it to your assessor.


Completed
successfully Comments
Did the student: Yes No
provide a sufficient and clear answer that addresses

the suggested answer for Question 1?









Prepare an IAS form as required?

Assessor signature
Assessor name
Desiree Dar
Date


Student Declaration
Student name
Willy
Student signature
Date
22/05/2020
Assessor name
Desiree Dar
Assessor signature
Date
Feedback

Student signature
Date

Assessment Task 3: BAS summary report
Task summary
This assessment task requires you to meet with Bob, the owner of the Bobs Clothing Supplies to discuss the
preparation of Bob’s BAS/IAS for the quarter to be reported on.
Answers must be word processed and sent as an email attachment.
This assessment is to be completed in the simulated work environment in the RTO.
Required
 Computer and Microsoft Office
 Access to the internet for research
 Printer
 BAS Data
 BAS Calculations Student
 BAS Worksheet Student.
 BAS Form Student
 IAS Form Student
Timing
Your assessor will advise you of the due date of these submissions.
Submit
 Email asking for a meeting
 Email with completed BAS calculations and profit and loss statement attached.
 Email with revised BAS calculations and profit and loss statement attached if alterations were
required.
 Hard copy of BAS Worksheet and BAS Form.
Assessment criteria
For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all
of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete
further assessment to demonstrate competence.

unfairly, or have other appropriate grounds for an appeal.
the assessment.

Carefully read the following:
Bob, the owner of the Bob’s Clothing Supplies, would like you to help him prepare his BAS. He has sent you
a document, BAS Data, hoping that it contains all that you will need. Bob would like to meet with you to
discuss filling out his BAS, as he would like to be able to prepare his BAS himself eventually.
Complete the following activities:
1. Make an appointment with your client.

Review the contents of the BAS Data document, ensuring that all relevant data is included.
When you are ready for the meeting, send your assessor an email, addressing them as Bob.
The text of the email should be in grammatically correct English, written in an appropriate (polite,
business-like) style.
It should ask for the place, date and time of an appointment.
From: willy31st@gmail.com
To Bob: bobclothing@gmail.com
Subject: BAS data / request for meeting
Dear Bob,
I am writing to notify that we have received your email regarding the content of BAS data document, and we
are very thankful for the information provided.
We would like to arrange an appointment with you on 18th of May 2020 at 1:00 pm in our office to discuss
the following points:
1. the BAS reporting
2. Residential rent
3. Purchase without GST
4. Non-capital purchases.
I hope the time is convenient for you, and that we can provide you our best assistance. Please confirm your
availability, and if there are any further questions, do not hesitate to contact us.
Best regards,
Willy

2. Prepare for a meeting with your client.

Plan for the meeting by rehearsing a short explanation of the BAS reporting system for Bob.
Include a short summary of the relevant legislation, including who is permitted to fill out and
lodge BAS forms.
Your client will also ask you how their PAYG Withholding and PAYG Instalments will be
calculated and if there is some way that they can voluntarily pay instalments on this so that they
are not hit with a big bill at the end of the year, so research this prior to the meeting.
Determine whether Bob’s Clothing Supplies will have to lodge an IAS, too, as you will be asked
about this.
Bob may ask you some questions that are outside the scope of the work that you can perform.
You will have to know what the limits of what a BAS agent can offer, and how Bob could find
someone who could advise him appropriately.
Authorization for BAS lodgement
- A primary contact can be a public officer or certain office holders.

- An authorised contact can be registered as a tax agent, registered BAS agent, temporarily
appointed tax professional or specialist tax advisors.
Options to lodge
- Business Portal
- Online
- Registered tax or BAS agent.
- Paper submission
- Over the phone
Limitations of BAS Agent
Basically, a BAS Agent cannot provide all the information or services relating to any tax matters.
Such matters include such as:
- Preparation and lodgement of income tax returns
- Preparation and lodgement of Fringe benefit tax returns
- Varying Pay as you go instalments and FBT instalments that appear on a business activity
statement i.e. BAS
- Providing technical advice on matters of income Tax or FBT law.
- Discussing on your behalf, matters relating to Tax agent services with the ATO.
Outside Sources
Website, TPP, CPA, ICE, Financial Advisor and many more.

*Note: Training can be done to individual or group and charges may range for 40-50$ per hour if
ask or requested by the client.

3. Meet with your client.

The meeting should take no more than fifteen minutes.
At the meeting with Bob, carefully explain the BAS lodgement process.
Discuss the BAS Data document, and how that data will be used to fill out the BAS statement.
You can use BAS Calculations Student to assist in this explanation if you wish.
During the meeting, demonstrate effective communication skills including:
 Speaking clearly and concisely
 Using non-verbal communication to assist with understanding
 Asking questions to identify required information
 Responding to questions as required
 Using active listening techniques to confirm understanding
https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/How-to-lodge-your-BAS/
4. Calculate the client’s BAS payment.

Following the meeting, complete the client’s BAS Calculations, including information that you
received from Bob.
Use BAS Calculations Student to record your answers.
5. Develop a profit and loss statement.

Following the meeting, create a new Excel Workbook and input Bob’s data to make profit and
loss statement.
Include information that you received from Bob at the meeting.
Save this Workbook as Profit and Loss Statement.
6. Send an email to Bob (your assessor).

The email text should introduce and summarise the contents of the attachments and seek Bob’s
permission to lodge the BAS.
Attach your completed BAS calculations and profit and loss statement to the email.
Dear Bob,
I hope you are doing well.
As per to the data you have provided, we have already prepared the BAS Calculation and a Profit and Loss
Statement for your business.
Please kindly review the attached documents and let us know if there are further revisions or if you have
approved it and are ready for lodging.

Best regards,
Willy
7. Adjust calculations as required.
Modify your BAS calculations and profit and loss statement as requested by your client.
Save these documents as Revised BAS Calculations and Revised Profit and Loss Statement.
Send the revised versions of the documents to the client if any alterations have been requested.
If no adjustments have been requested, do not send another email to the client.
8. Lodge a BAS and an IAS form.

When you have received electronic approval from Bob, print out the BAS Worksheet Student,
the BAS Form Student and the IAS Form Student.
Fill these in with pencil or pen, and hand them in to your assessor.
It is important that neither of these documents contain any errors, so proofread them several
times before submitting, correcting any adjustments as required.
9. Develop a letter of engagement.

Bob was very impressed with your work on his BAS Form submission and has decided to use
your BAS services permanently.
Bob has asked you to draft a letter of engagement setting out the terms and conditions of the
arrangement between you. He has asked that the following points be included in the agreement:
 You will only be expected to fill out and submit their quarterly BAS.
 The rest of their accountancy work will be performed by an accountant, who will
also supply the data necessary to fill out the BAS Form.
 You will be paid $100 for each BAS Form submitted.
 If Bob has tax-based questions other than BAS form information, he will pay you
$50 per hour.
 All documentation will be kept in Bob’s office
Your letter of engagement should adhere to the guidelines as set out by the Tax Practitioners
Board on the website:
https://www.tpb.gov.au/letters-engagement

21 May 2020
Willy
420 Pitt St
ABN: 01481930108
Subject: Engagement Letter
Dear Bob,
I am writing to accept your request to use our service, and to be appointed as your BAS agent
from the current financial year onward. This letter serves as an engagement with you with the
terms as follow.
Services
 I will act under the Tax Agent Services Act 2009
 I will prepare the data form on the Instalment Activity based on information provided
 I will prepare and submit quarterly BAS for Bob’s clothing on time
 I will store all documents in Bob’s office
 I will also offer services on account to PAYG Instalment and payable to ATO.
However, I will not be responsible for any errors caused by failure to provide accurate information
as needed, so you are responsible for timely and accurate provision of all information or
documentation required for BAS lodgement.
Fees
Each quarterly BAS Form submitted $100

For other tax-based question other than BAS $50 per hour
Client Acknowledgement and Confirmation
I, Bob hereby acknowledge and accept the terms of this engagement, and I am accountable for all
fees for services performed within this agreement.
Name:
Signature:
Date:

10. Develop a professional development plan.

Bob has asked you to describe the continuing professional development (CPD) that you intend
to complete in the coming year.
He would like to what the CPD expectations are for a tax practitioner and how you intend to
keep up with changes to legislation that affect your work as a tax practitioner.
Do an internet search for relevant CPD opportunities, and take notes on at least two of these
that you would be interested in participating in.
Professional Development Plan

Name: Willy
Date: 21st May 2020
Name Details Benefits Date Cost

Trust Accounting Sydney - Get the latest update on 2020 tax th
28 Sep 2020 Free
International legislation.
Business College - Learn how to meet the demands of
the clients
2020 National International - Helps to bring together regulators and 28-30th Aug $ 1,000
Superannuation Convention leading participants from the legal, 2020
Conference Centre, 14 accounting, audit and financial
Darling Drive, advisory services fields across the
Sydney, NSW, country.
2000
11. Send an email to the client (your assessor).

It should introduce and summarise the contents of the attachment and give details of at least
two CPD events that would keep you up to date with changes to Australian tax legislation.
Attach your Letter of Engagement to the email.
Dear Bob,
I would like to give you an overview on two CPD opportunities that I plan to engage this year. The first one
is a one-day seminar which will be focusing on the latest taxation update in 2020, and the other one is an
annual conference in which I will be in contact with other regulators and participants from financial service
industry across the country. At the end, I will update you with the most recent developments in tax with
practical explanations and comprehensive notes.
I also have attached the Letter of Engagement. Please find the files attached, and if you agree with our
terms and conditions, kindly sign it and confirm it as the token of your acceptance.
Best regards,
Willy


Completed
successfully Comments
Did the student: Yes No
Apply knowledge of compliance requirements to
advise client of the BAS process?
Enquire as to sufficiency of funds to cover
obligations, and process for ensuring such?
During the meeting, demonstrate effective
communication skills including:
 Speaking clearly and concisely
 Using non-verbal communication to assist
with understanding
 Asking questions to identify required
information
 Responding to questions as required
Code GST purchases, sales and purchases for
inclusion on the BAS?
Identify salaries and wages information and include
on BAS?
Identify and report on amounts withheld?
Prepare activity statement and check for errors?
Make adjustments in activity statement as required?
Seek permission to lodge activity statement?
Prepare profit and loss statement?
Lodge a completed BAS form and an IAS form?
Develop a Letter of Engagement that complies with
the Tax Practitioners Board guidelines?
Identify relevant Continuing Professional
Development events that would keep them up to date
with changes to Australian tax legislation?

Assessor signature

Date

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Sydney International Institute Pty Ltd

T/A Sydney International Business College

This is a summative assessment, which requires each

Last Modification Date April 2020

Proposed Review Date April 2021

© 2020 RTO Works <RTO Name and ID> Page 2

Naming electronic documents

© 2020 RTO Works <RTO Name and ID> Page 3

Each assessment task in this booklet consists of the following:

Assessment Task Cover Sheet

Depending on the task, this may include

Assessment Task Information

Assessment Task Instructions

© 2020 RTO Works <RTO Name and ID> Page 4

Student Assessment Agreement

Do you understand your rights to re-assessment? ü  Yes  No

Student name Willy

Student number SIBC311088

Assessor name Desiree Dar

© 2020 RTO Works <RTO Name and ID> Page 5

Assessment Task 1 Cover Sheet

Student ID number SIBC311088

Assessor name Desiree Dar

Assessment outcome S NS DNS Resubmission Y N

Student result response

© 2020 RTO Works <RTO Name and ID> Page 6

Assessment Task 1: Written Questions

© 2020 RTO Works <RTO Name and ID> Page 7

Written answer question guidance

© 2020 RTO Works <RTO Name and ID> Page 8

Assessment Task 1 Instructions

Provide answers to all of the questions below:

© 2020 RTO Works <RTO Name and ID> Page 9

12. Explain the purpose of the Tax Administration Act 1953.

13. Explain the purpose of the wine equalisation tax.

15. Explain the concept of PAYG withheld.

© 2020 RTO Works <RTO Name and ID> Page 10

25. What tax benefits does payment of voluntary superannuation provide?

© 2020 RTO Works <RTO Name and ID> Page 11

- The supplier’s ABN

32. Under what circumstances must a business register for GST?

33. List the three different types of supplies in relation to GST.

© 2020 RTO Works <RTO Name and ID> Page 12

Assessment Task 1 Checklist

Student’s name: Willy

Did the student provide a sufficient and Completed

© 2020 RTO Works <RTO Name and ID> Page 13

Task Outcome: Satisfactory  Not Satisfactory 

© 2020 RTO Works <RTO Name and ID> Page 14

Assessment Task 2 Cover Sheet

Student ID number SIBC311088

Assessment outcome S NS DNS Resubmission Y N

Student result response

© 2020 RTO Works <RTO Name and ID> Page 15

Assessment Task 2: BAS and instalment activity calculations

This assessment is to be completed in the simulated work environment in the RTO.

© 2020 RTO Works <RTO Name and ID> Page 16

Assessment Task 2 Instructions