Prepare business advice on the taxes and duties for international trade transactions

Unit of competency Outline

Date retreived
23/07/2026 4:19 AM 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.

Unit of competency

National Code
BSBINT408

State Code
AUL54

TGA Status
Replaced

DTWD Status
Replaced

Current Release Number
1.00

Current Release Date
25/03/2015

View on TGA

State Implementation and Classification

Approved Date

15/09/2015

Field of Education

080311 - International Business

Original Release Date

15/09/2015

Nominal Hours

Description

This unit describes the 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.It applies to individuals with a broad knowledge of taxes and duties who contribute well-developed skills and knowledge to prepare 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 Harmonised 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.No licensing, legislative or certification requirements apply to this unit at the time of publication.

Notes

Elements and Performance Criteria

1 Assess applicability of relevant taxes and duties to international trade transactions

1.1 Research the applicability of relevant taxes and duty to international trade transactions
1.2 Research allowable exemptions and specialised schemes and legislations relating to international taxes or applicability to enterprise operations and specific international trade transactions
1.3 Apply allowable exemptions to trade transactions
1.4 Check accuracy of assessments

2 Calculate taxes and duty

2.1 Identify components of international trade transactions to be included in calculations
2.2 Calculate taxes and duty on international trade transactions
2.3 Check accuracy of calculations

3 Prepare business advice on applicable taxes and duty

3.1 Prepare results of calculations and business advice in required format
3.2 Check calculations for accuracy, and seek and obtain verification from relevant personnel as required
3.3 Pass completed business advice to client and other relevant personnel as required

No information

Replaces

State Code	National Code	Title	Type
D0772	BSBINT408B	Prepare business advice on the taxes and duties for international trade transactions	Unit of competency

Replaced By

State Code	National Code	Title	Type
OCG02	BSBFIN401	Report on financial activity	Unit of competency

State Code	National Code	Title	Type
AVU1	BSB41115	Certificate IV in International Trade	Qualification