The Australian taxation system

SubjectEconomics & Business YearYear 8 CurriculumAC v9.0 Time30

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Introduction

In this activity, students learn how each of the 3 levels of government (federal, state and local) charges taxes (and fees, fines and charges) to pay for goods and services needed by Australians. They develop a summary of how tax revenue is collected and spent.

Australian Curriculum or Syllabus

Achievement standard

By the end of Year 8, students explain how markets influence the allocation of resources to the production of goods and services. They explain ways that businesses adapt to opportunities in markets and respond to the work environment. They describe the importance of Australia’s taxation system and its effect on decision-making by individuals and businesses. Students explain why individuals and/or businesses budget and plan.

Students develop a range of questions to investigate an economic and business issue. They locate, select and organise relevant information and data. They interpret information and data to identify economic and business issues and trends, and describe economic cause-and-effect relationships. They develop a response to an economic and business issue. They identify and evaluate potential costs and benefits. Students use economic and business knowledge, concepts, terms and research findings to create descriptions and explanations.

Content descriptions

Economics and Business Knowledge and Understanding

The importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses. (AC9HE8K04)

Economics and Business Skills

Interpret information and data to identify economic and business issues, trends and economic cause-and-effect relationships. (AC9HE8S03)

Create descriptions and explanations, using economic and business knowledge, concepts and terms, and referencing information and data from sources. (AC9HE8S05)

Teacher resources

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Video

The Australian Taxation system

Student learning resources

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Video guide

The Australian Taxation System

Suggested activity sequence

This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group.

  1. Play: The Australian Taxation System. This video is about the Australian taxation system.

  2. Either:

    a. Students complete the video viewing guide, or

    b. The class works through questions on the video viewing guide, replaying the video as required.

  3. Students develop a written or visual summary of how tax is collected and spent.

  4. Optional: Students complete the interactive: Who provides the services you use?