Managing your tax and super online

SubjectEconomics & Business YearYear 9 CurriculumAC v8.4 Time45

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Introduction

This activity introduces students to myGov, a simple and secure platform to access government services online, including the Australian Taxation Office (ATO). Setting up a myGov account and linking to the ATO enables students to meet their tax obligations and manage their superannuation, now and in the future. If appropriate, and with parent permission, students are invited to set up a myGov account at home. 

Australian Curriculum or Syllabus

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

Why and how people manage financial risks and rewards in the current Australian and global financial landscape (ACHEK040).

Economics and Business Skills

Analyse data and information in different formats to explain cause-and-effect relationships, make predictions and illustrate alternative perspectives (ACHES045).

Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047).

Student learning resources

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Explainer

What is myGov?

 
Worksheet

myGov and ATO online services

 
Video

Managing tax and super online with ATO Online services

 
How to

Creating a myGov account

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. As a class, read explainer.
  2. Students complete the worksheet. As part of the activity, students will go to the ATO website and search 'Create a myGov account and link it to the ATO', view Managing your tax and super online and answer simple comprehension questions.
  3. Discuss with the class:
  • The advantages of being able to access government services online.
  • Why it is important not to share their myGov sign in details.

Optional

Give students a copy of Creating a myGov account – How-to-sheet. With parent permission, students set up a myGov account at home.