Unit of competency Outline

Date retreived
22/07/2026 3:22 PM AWST

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Process business tax requirements

Process business tax requirements

Unit of competency
National Code
FNSACC411
State Code
BBI08
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
09/05/2018
Field of Education
080101 - Accounting
Original Release Date
09/05/2018
Nominal Hours
50
Description
This unit describes the skills and knowledge required to maintain business taxation accounting records, and to process lodgements and returns according to Australian Taxation Office (ATO) requirements, excluding income tax. Documentation for business activity statements (BAS) must be authorised by a registered BAS agent.It applies to individuals who use specialised knowledge and follow defined procedures to administer and process taxation-related information within the scope of own responsibility.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
Notes
Elements and Performance Criteria
1. Maintain accounting records for taxation purposes
  • 1.1 Access and interpret taxation accounting system requirements specific to own role
  • 1.2 Establish and maintain records required to support taxation accounting system
  • 1.3 Comply with specific taxation requirements for business documents
2. Establish and maintain process for managing business tax returns
  • 2.1 Establish accounting process to manage process for taxation lodgements
  • 2.2 Maintain sufficient and current records to comply with lodgement requirements according to organisational policies and procedures
  • 2.3 Establish and meet lodgement schedule requirements
3. Process business tax returns and lodgements
  • 3.1 Identify and use required returns and lodgements in line with organisational procedures
  • 3.2 Process accounting data to comply with taxation reporting requirements
  • 3.3 Draft returns and lodgements for review by authorised personnel
No information
No information
Replaces
State Code National Code Title Type
AUX05 FNSACC401 Process business tax requirements Unit of competency