How is business tax collected?
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Introduction
Students explore how business tax is reported and collected through business activity statements. They apply their understanding by completing a BAS for a hypothetical business.
Achievement standard
By the end of Year 9, students explain the role of the Australian economy in allocating and distributing resources, and analyse the interdependence of participants in the global economy. They explain the importance of managing financial risks and rewards and analyse the different strategies that may be used. They explain why businesses seek to create a competitive advantage, including through innovation, and evaluate the strategies that may be used. Students analyse the roles and responsibilities of participants in the workplace.
When researching, students develop questions and simple hypotheses to frame an investigation of an economic or business issue. They gather and analyse relevant data and information from different sources to answer questions, identify trends and explain relationships. Students generate alternative responses to an issue and use cost-benefit analysis and appropriate criteria to propose a course of action. They apply economics and business knowledge, skills and concepts to familiar, unfamiliar and hypothetical problems. Students develop and present evidence-based conclusions and reasoned arguments using appropriate texts, subject-specific language and concepts. They analyse the effects of economic and business decisions and the potential consequences of alternative actions.
Content descriptions
Economics and Business Knowledge and Understanding
The changing roles and responsibilities of participants in the Australian or global workplace (ACHEK042).
Economics and Business Skills
Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047).
Student learning resources
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Business activity statements
Preparing a business activity statement (BAS)
ATO online services simulator
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. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
- As a class, read the explainer.
Alternatively, have students read the explainer individually and encourage them to take notes using the Cornell note taking system. - Students complete the worksheet. They will need to access the ATO online services simulator.
Note: This simulator is for educational purposes only.