QUI ENSFORD
RIO No 31736 I CRICOS: 03010G
Queensford College Head Offtce Level 2, 359 Queer S fitisbare OW 4000 Australia

0 Phone: 61-7 3221 1626 a Fax: 61-7-3221 1b27 Email: infooqueetisford www queensford.edu au

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For this tas yo us, research each of the following topics, and complete a detailed report on your k Task 2 findings. 7’he research topics are: tions and legislative requirements relevant to • Identify and explain ethical considera the preparation of tax documentation for individual taxpayers, including:
0 Conflict of interest 0 Responsibilities of tax agents including e Code of Professional Conduct obligations under the Tax Agent Services Act (TASA) and Tax Agent Services Regulations (TASR)

• Identify and explain the following key elements of Australian tax law as it relates to tax documentation for individual taxpayers: 0 The rules and principles ofAustralian tax law including an understanding of the legal environment in which these principles operate, basics of the legal System, constitutional considerations and separation of powers
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Key aspects of the income tax law covering concepts of:
• Residence and source a Related elements of international tax • Assessable income • Deductions (including general, specific and decline in value) • Tax rebates and offsets I Tax accounting • Income test definitions that include reportable superannuation and fringe benefits tax (FBT) o Key aspects of relevant. principles and application of the capitalgains tax (CGT), FRT and termination payment rules for individuai taxpayers Basic concept of goods and services tax( CST)