Unit of competency Outline

Date retreived
24/07/2026 2:05 AM AWST

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Perform taxation management

Perform taxation management

Unit of competency
National Code
DEFFIN009
State Code
BBB76
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
17/08/2017
View on TGA
State Implementation and Classification
Approved Date
21/02/2018
Field of Education
080101 - Accounting
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to develop tax strategies, perform taxation accounting, prepare tax returns and monitor compliance.This unit applies to those working in the public sector Finance Domain who would be required to undertake financial management activities related to taxation as part of their duties.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to financial management activities.Those undertaking this unit would be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform complex tasks in familiar context.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Develop tax strategy
  • 1.1 Identify taxation issues
  • 1.2 Interpret and apply relevant taxation legislation and policies
  • 1.3 Identify and negotiate solution
2 Perform taxation accounting
  • 2.1 Extract report from the relevant financial systems
  • 2.2 Verify that taxation data is accurate and complete
  • 2.3 Prepare and process journal and payment documentation
  • 2.4 Reconcile accounts
3 Prepare tax returns
  • 3.1 Collate data for inclusion in tax return
  • 3.2 Perform calculations and categorise information
  • 3.3 Review calculations for accuracy and applicability
  • 3.4 Compile and submit tax return
4 Monitor taxation compliance
  • 4.1 Develop quality assurance sample from taxation report
  • 4.2 Investigate sample transactions
  • 4.3 Identify issues within the sample data
  • 4.4 Advise on solutions and initiate corrective action
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State Code National Code Title Type
BDK1 DEF50817 Diploma of Defence Financial Management Qualification