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Income tax and the redistribution of income
Linked activity:
Fairness of the taxation system
VisualiserNSW CommerceStage 5Decision-making strategy
Linked activities:
Making decisions
You make the decision
VisualiserNSW CommerceStage 5Scams and identity theft
Scammers want to steal your identity for financial gain
Scams overall
5 YEARS 94%
2018 vs 2014
10 YEARS 764%
2018 vs 2009
SCAMMERS GAIN ACCESS TO YOUR PRIVATE INFORMATION BY:
Breaking into your mailbox
Phishing emails and text messages
Fake online quizzes, surveys and job advertisements
Fake online stores
Hacking your email and other online accounts
Social media…
Data sheetNSW CommerceStage 5Investment options and risk and reward
Linked activity:
Superannuation - Risks and rewards
VisualiserNSW CommerceStage 5Saving, investing and super
Linked activity:
Saving, investing and super
VisualiserEconomics & BusinessYear 9Starting a job
Part 1: Apply for a TFN
Apply for a TFN using the simulated TFN online application.
In pairs, investigate what next steps you will need to take, including documents that you will need to prove your identity.
Go to:
How to get a tax file number
Identity documents
Develop a flowchart informing young people on the steps they need to take to apply for a TFN.
Part 2: Complete a TFN declaration
Go to…
WorksheetNSW CommerceStage 5Completing a TFN declaration
The ATO has an online services simulator for educational purposes. This includes a scenario to complete a TFN declaration form. Go to the ATO online services simulator and follow these instructions.
Scenario
Select the following options on the homepage and click Start.
This is a replica of the home page of ATO’s online services. Before you complete a TFN declaration, browse the information you can get from this page.
At the top of the screen…
InstructionsNSW CommerceStage 5