Unit of competency Outline
Date retreived
22/07/2026 11:31 PM AWST
22/07/2026 11:31 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Prepare complex tax returns and lodgements
Prepare complex tax returns and lodgements
Unit of competency
National Code
FNSACCT601B
FNSACCT601B
State Code
C9608
C9608
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
12/08/2005
Field of Education
080101 - Accounting
Original Release Date
12/08/2005
Nominal Hours
80
Description
This unit covers the competency to analyse taxation related data and prepare complex taxation returns and lodgements.This unit covers the competency to analyse taxation related data and prepare complex taxation returns and lodgements.
Notes
Elements and Performance Criteria
1 Identify taxation requirements for complex lodgements and returns
- 1.1 Organisational structure of the taxation entity is identified
- 1.2 Taxation parameters of the organisation are determined
- 1.3 Lodgement schedule requirements are established
2 Gather and analyse taxation related data
- 2.1 Accounting reports relevant to taxation requirements are identified and collected
- 2.2 Accounting information is analysed to determine relevant taxation elements
3 Process data and prepare tax returns and lodgements
- 3.1 Data is processed to comply with the relevant taxation format
- 3.2 Returns and lodgements are prepared in accordance with Australian Taxation Office (ATO) requirements
4 Review taxation lodgement compliance
- 4.1 Lodgements and returns are submitted for authorisation by an approved person within the stated deadlines
- 4.2 Taxation preparation procedures are reviewed to determine their efficiency and effectiveness
- 4.3 Recommendations arising from the review are made to enable more efficient organisational structures and procedures for taxation purposes
- 4.4 Tax office enquiries and taxation audit requirements are met
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.
partnerships
companies
trusts
non-complex superannuation funds
lodgement schedules
cash or non-cash accounting
tables, calculations and schedules
tax rates
withholdings
instalments
Goods and Services Tax (GST)
Fringe Benefits Tax (FBT)
wine equalisation tax
luxury car tax
payroll tax
depreciation schedules
payroll
financial expenses
capital expenditure
statement of financial performance
statement of financial position
cash flow statements
Business Activity Statement (BAS)
annual returns
payroll tax
FBT
partnerships
companies
trusts
non-complex superannuation funds
lodgement schedules
cash or non-cash accounting
tables, calculations and schedules
tax rates
withholdings
instalments
Goods and Services Tax (GST)
Fringe Benefits Tax (FBT)
wine equalisation tax
luxury car tax
payroll tax
depreciation schedules
payroll
financial expenses
capital expenditure
statement of financial performance
statement of financial position
cash flow statements
Business Activity Statement (BAS)
annual returns
payroll tax
FBT
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
To achieve competency in this unit, a person must be able to demonstrate:
knowledge of ATO requirements
knowledge of organisational structures
ability to identify taxation requirements for complex lodgements and returns
ability to gather and analyse taxation related data
ability to process data and prepare tax returns and lodgements
ability to review taxation lodgement compliance
Evidence required for demonstration of consistent performance:
Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment.
Delivery/assessment relationship to other units:
Prerequisite units:
FNSACCT502B Prepare income tax returns.
Method of assessment:
For valid and reliable assessment of this unit, evidence should be gathered through a range of methods to indicate consistent performance.
Assessment of this unit of competence will usually include observation of processes and procedures, oral and/or written questioning on underpinning knowledge and skills and other methods as required.
Context of assessment:
Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personal/financial responsibility and accountability.
Aspects of competency, including the attainment of relevant knowledge and skills, may be assessed in a relevant workplace, a closely simulated work environment, or other appropriate means that clearly meet industry competency requirements.
Resources required for assessment:
Assessment of this unit of competence requires access to suitable resources to demonstrate competence.
Assessment instruments, including personal planner and assessment record book.
Access to registered provider of assessment services.
Overview of assessment
To achieve competency in this unit, a person must be able to demonstrate:
knowledge of ATO requirements
knowledge of organisational structures
ability to identify taxation requirements for complex lodgements and returns
ability to gather and analyse taxation related data
ability to process data and prepare tax returns and lodgements
ability to review taxation lodgement compliance
Evidence required for demonstration of consistent performance:
Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment.
Delivery/assessment relationship to other units:
Prerequisite units:
FNSACCT502B Prepare income tax returns.
Method of assessment:
For valid and reliable assessment of this unit, evidence should be gathered through a range of methods to indicate consistent performance.
Assessment of this unit of competence will usually include observation of processes and procedures, oral and/or written questioning on underpinning knowledge and skills and other methods as required.
Context of assessment:
Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personal/financial responsibility and accountability.
Aspects of competency, including the attainment of relevant knowledge and skills, may be assessed in a relevant workplace, a closely simulated work environment, or other appropriate means that clearly meet industry competency requirements.
Resources required for assessment:
Assessment of this unit of competence requires access to suitable resources to demonstrate competence.
Assessment instruments, including personal planner and assessment record book.
Access to registered provider of assessment services.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C7405 | FNSACCT601A | Prepare complex tax returns and lodgements | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| D4046 | FNSACC601A | Prepare complex tax returns | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| C718 | FNS60204 | Advanced Diploma of Accounting | Qualification |