Unit of competency Outline
Date retreived
22/07/2026 2:47 PM AWST
22/07/2026 2:47 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.
Carry out business activity and instalment activity statement tasks
Carry out business activity and instalment activity statement tasks
Unit of competency
National Code
FNSBKG404A
FNSBKG404A
State Code
D4072
D4072
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
13/02/2012
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
13/02/2012
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to process business taxation requirements related to Business Activity Statements (BAS) and Instalment Activity Statements (IAS), including the completion of Activity Statements.This unit has application to a variety of financial services sectors. It is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements, including various aspects of taxation law (including but not limited to the Income Tax Assessment Act 1936, and the Income Tax Assessment Act 1997), other relevant legislation and Goods and Services Tax (GST) rulings.The Tax Practitioner's Board (TPB) administers specific educational and experience requirements for registration of BAS agents and sets specific assessment requirements that must be met.The varying Commonwealth, State or Territory requirements should be confirmed with the relevant body.
Notes
Elements and Performance Criteria
1. Identify individual compliance and other requirements
- 1.1. Legislative and regulatory requirements and organisational and industry requirements relating to Activity Statements are researched, documented and expert advice is sought to clarify issues where applicable.
- 1.2. Requirements for information, advice or services outside the individual's scope of operation are identified and additional information, advice or services are accessed, and networks are established and used where necessary
- 1.3. Lodgement schedule requirements are identified and documented
- 1.4. Entity's cash flow and payment options are assessed and discussed with management to ensure sufficient funds
2. Recognise and apply GST implications and code transactions
- 2.1. GST principles are identified, applied and recorded
- 2.2. Purchases and/or payments are identified, coded as per GST classifications and split into capital and non-capital as appropriate
- 2.3. Sales and/or receipts are identified and coded as per GST classifications
- 2.4. Accounting data is processed to comply with tax reporting requirements
3. Report on payroll activities
- 3.1. Total salaries, wages and other payments for the accounting period are identified and reconciled
- 3.2. Amounts withheld from salaries, wages and other payments for the accounting period are identified and reconciled in conjunction with payroll department if applicable
4. Report on other amounts withheld, Pay As You Go (PAYG) instalments and taxes
- 4.1. Amounts withheld from other payments for the accounting period are identified and reconciled in conjunction with other departments if applicable
- 4.2. PAYG instalment amount is verified or, where applicable, calculated or, where applicable, calculated for other taxes
5. Complete and reconcile the Activity Statement
- 5.1. Activity Statement reports are generated where required, checked and validated with any errors identified and correctional bookkeeping entries made
- 5.2. Adjustments for previous quarters, months or year-end are made where necessary
- 5.3. BAS and/or IAS return is completed in accordance with up-to-date statutory, legislative, regulatory and organisational schedule
- 5.4. Figures completed on the BAS/IAS form are reconciled to journal entries, profit and loss statement, GST and other control accounts
6. Lodge Activity Statement
- 6.1. Activity Statement is checked and signed off by an appropriate person as identified by statutory, legislative and regulatory requirements
- 6.2. Activity Statement is dispatched in accordance with statutory, legislative and regulatory requirements
- 6.3. Payment/refund is processed and recorded
RANGE STATEMENT
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.
Legislative and regulatory requirements must include:
BAS/IAS requirements including time requirements and cash versus accrual reporting requirements
GST Act and related public rulings, determinations and regulations
Income Tax Act, regulations rulings and determinations
Privacy Act
use of IT software and equipment.
Organisational and industry requirements may include:
business and performance plans
computer system documentation
industry codes of ethics
industry codes of practice
internal control guidelines
operations manuals
organisational policies and procedures
management of more than one trading business under an Australian Business Number (ABN) umbrella
Payment options must include:
maintaining an estimate of amount payable on BAS and IAS
Pay as you go instalments (PAYGI) and Pay as you go withholding (PAYGW)
set up of a provision account
GST principles must include:
GST collected
GST input tax credits
net GST payable
GST classifications must include:
GST
GST free
input taxed
no tax (not reportable)
input taxed supply
exports
Other payments may include:
Fringe Benefits Tax (FBT)
Fuel Tax Credits (FTC)
luxury car tax
wine equalisation tax
Amounts withheld may include:
amounts withheld where no ABN is quoted
other amounts withheld such as W2 and W3 on Activity Statements
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.
Legislative and regulatory requirements must include:
BAS/IAS requirements including time requirements and cash versus accrual reporting requirements
GST Act and related public rulings, determinations and regulations
Income Tax Act, regulations rulings and determinations
Privacy Act
use of IT software and equipment.
Organisational and industry requirements may include:
business and performance plans
computer system documentation
industry codes of ethics
industry codes of practice
internal control guidelines
operations manuals
organisational policies and procedures
management of more than one trading business under an Australian Business Number (ABN) umbrella
Payment options must include:
maintaining an estimate of amount payable on BAS and IAS
Pay as you go instalments (PAYGI) and Pay as you go withholding (PAYGW)
set up of a provision account
GST principles must include:
GST collected
GST input tax credits
net GST payable
GST classifications must include:
GST
GST free
input taxed
no tax (not reportable)
input taxed supply
exports
Other payments may include:
Fringe Benefits Tax (FBT)
Fuel Tax Credits (FTC)
luxury car tax
wine equalisation tax
Amounts withheld may include:
amounts withheld where no ABN is quoted
other amounts withheld such as W2 and W3 on Activity Statements
EVIDENCE GUIDE
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
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and comply with relevant provisions in the following Acts and their associated regulations:
Tax Agent Services Act 2009 (TASA 2009)
Fringe Benefits Tax Assessment Act 1986
Superannuation Guarantee (Administration) Act 1992
Superannuation Guarantee Charge Act 1992
A New Tax System (Goods and Services Tax) Act 1999
Income Tax Assessment Act 1997
Income Tax Assessment Act 1936
Taxation Administration Act 1953
Privacy Act 1988
interpret and comply with relevant ATO and TPB requirements, including TPB registration requirements where applicable
apply GST terminology and appropriate application to financial transactions
meet taxation requirements for business purposes and taxation parameters related to a range of business types
use relevant accounting terminology when maintaining accounting records for a variety of business types for taxation purposes
accurately complete all sections of both BAS and IAS for multiple entity types
lodge statements within the allocated timeframe.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to an integrated financial software system
access to relevant legislation and industry material
access to the ATO and TPB and materials available from the ATO and TPB, including through the internet.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
oral or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Assessment methods approved by the Tax Practitioners Board must be met for BAS agent registration.
Guidance information for assessment
If undertaking this unit for processing BAS and IAS, including the completion of Activity Statements, the following items in the Range Statement must be assessed to be considered as having fulfilled some of the educational requirements for registration with the TPB:
Legislative and regulatory requirements
Payment options
GST principles
GST classifications
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
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
interpret and comply with relevant provisions in the following Acts and their associated regulations:
Tax Agent Services Act 2009 (TASA 2009)
Fringe Benefits Tax Assessment Act 1986
Superannuation Guarantee (Administration) Act 1992
Superannuation Guarantee Charge Act 1992
A New Tax System (Goods and Services Tax) Act 1999
Income Tax Assessment Act 1997
Income Tax Assessment Act 1936
Taxation Administration Act 1953
Privacy Act 1988
interpret and comply with relevant ATO and TPB requirements, including TPB registration requirements where applicable
apply GST terminology and appropriate application to financial transactions
meet taxation requirements for business purposes and taxation parameters related to a range of business types
use relevant accounting terminology when maintaining accounting records for a variety of business types for taxation purposes
accurately complete all sections of both BAS and IAS for multiple entity types
lodge statements within the allocated timeframe.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to an integrated financial software system
access to relevant legislation and industry material
access to the ATO and TPB and materials available from the ATO and TPB, including through the internet.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
oral or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Assessment methods approved by the Tax Practitioners Board must be met for BAS agent registration.
Guidance information for assessment
If undertaking this unit for processing BAS and IAS, including the completion of Activity Statements, the following items in the Range Statement must be assessed to be considered as having fulfilled some of the educational requirements for registration with the TPB:
Legislative and regulatory requirements
Payment options
GST principles
GST classifications
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C9641 | FNSBKPG404A | Carry out business activity and instalment activity statement tasks | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUQ58 | FNSBKG404 | Carry out business activity and instalment activity statement tasks | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| S705 | FNS40610 | Certificate IV in Accounting | Qualification |
| D707 | FNS40611 | Certificate IV in Accounting | Qualification |
| S701 | FNS40210 | Certificate IV in Bookkeeping | Qualification |
| D706 | FNS40211 | Certificate IV in Bookkeeping | Qualification |