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Unit of competency details

PSPREV015 - Evaluate returns-based taxes (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to PSPREV006 - Evaluate returns-based taxesEquivalent. Unit Code changed. Minor changes to Application, Elements and PCs. FS added. PE and KE amended for clarity and to remove duplication. AC expanded for clarification. 02/Apr/2022

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 03/Apr/2022

Companion volumes:
Unit of competency Assessment requirements

Delivery:
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Training packages that include this unit

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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080101 Accounting  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080101 Accounting  03/Apr/2022 
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Unit of competency

Modification History

Supersedes and is equivalent to PSPREV006 Evaluate returns-based taxes.

Application

This unit describes the performance outcomes, skills and knowledge required to evaluate returns-based taxes.

Those undertaking this unit work independently, performing complex tasks in familiar contexts.

The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.

No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.

Pre-requisite Unit

Nil

Competency Field

Revenue administration

Elements and Performance Criteria

ELEMENTS 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Confirm key features of returns-based taxes.

1.1. Access and use current and comprehensive information to maintain knowledge and expertise in returns-based taxation matters and to ensure consistency of application.

1.2. Clarify purpose and scope of returns-based taxes.

1.3. Confirm registration, cancellation and maintenance of customer data.

2. Process enquiries relating to returns-based taxes.

2.1. Explain taxable items, liability, exemptions and rebates or relief, tailoring communication to suit diverse customer needs.

2.2. Identify and communicate taxable thresholds and current rates of taxation to customers.

2.3. Explain requirements for lodgement of returns and payment of taxes.

2.4. Defer complex enquiries, if necessary, until information can be clarified, confirmed or referred to senior and specialist staff.

2.5. Provide clear information to customers to enable them to understand their tax obligations.

3. Assess returns.

3.1. Confirm returns and payment as correct, and deal with returns.

3.2. Identify problems with payments, check returns for clerical or other errors and confirm or remit associated penalties.

3.3. Obtain and complete formal records for returns requiring further investigation and refer for further action.

3.4. Process refunds where over-payments are received.

4. Deal with complaints.

4.1. Process complaints in accordance with procedures, record decisions and notify taxpayers.

4.2. Explain to taxpayers their rights to have the decision reviewed if they are dissatisfied with the decision.

4.3. Deal with complaints relating to deficiencies in operational systems in accordance with organisational procedures.

Foundation Skills

Foundation skills essential to performance in this unit, but not explicit in the performance criteria are listed here, along with a brief context statement. 

SKILLS 

DESCRIPTION 

Reading skills to:
  • navigate and interpret complex formal documents.

Numeracy skills to:
  • read and apply numerical data in familiar frameworks related to tax calculations
  • identify discrepancies and calculate adjustments in payments within prescribed parameters.

Unit Mapping Information

Supersedes and is equivalent to PSPREV006 Evaluate returns-based taxes.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623

 

Assessment requirements

Modification History

Supersedes and is equivalent to PSPREV006 Evaluate returns-based taxes.

Performance Evidence

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and on at least one occasion:

  • research and maintain information about returns-based taxes
  • identify clerical, numerical and other errors
  • communicate with others on matters involving exchanges of complex information about returns-based taxes
  • provide clear information to customers about their obligations and tax liabilities
  • use technology to conduct research, make enquiries, review available data, access legislative requirements and record outcomes.

Knowledge Evidence

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

  • legislation, regulations, rulings and commissioner practices relating to returns-based taxes
  • taxable items and elements, liability, deductions or exemptions under the legislation
  • taxable thresholds for returns-based tax and the application of sliding scales
  • legislative decision-making process
  • confidentiality provisions.

Assessment Conditions

Skills must be demonstrated in the workplace or in a simulated environment that reflects workplace conditions.

Assessment must ensure access to:

  • legislation, regulations, rulings, commissioner practices and other applicable case law relating to returns-based taxes
  • legislative decision-making process
  • organisational procedures and protocols for returns-based taxes
  • information systems, equipment and resources of the working environment.

Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623

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