The Australian taxation system

SubjectEconomics & Business YearYear 8 CurriculumAC v8.4 Time35

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Introduction

In this activity, students learn that taxation is a major way that governments intervene in the market. They 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.

Australian Curriculum or Syllabus

Achievement standard

By the end of Year 8, students explain how markets operate and recognise why governments may influence the market’s operation. They explain the rights and responsibilities of consumers and businesses in terms of financial and economic decision-making. They explain why different types of businesses exist and describe the different ways businesses can respond to opportunities in the market. Students describe influences on the way people work and factors that may affect work in the future.

When researching, students develop questions and gather relevant data and information from different sources to investigate an economic or business issue. They interpret data to identify trends and relationships. They propose a range of alternative responses to an issue and evaluate the costs and benefits of each alternative. They apply economics and business knowledge, skills and concepts to familiar and unfamiliar problems. Students develop and present evidence-based conclusions using appropriate texts, subject-specific language and concepts. They identify the effects of an economic or business decision and the potential consequences of alternative actions.

Content descriptions

Economics and Business Knowledge and Understanding

The ways markets in Australia operate to enable the distribution of resources, and why they may be influenced by government (ACHEK027).

Economics and Business Skills

Gather relevant data and information from a range of digital, online and print sources (ACHES033).

Present evidence-based conclusions using economics and business language and concepts in a range of appropriate formats, and reflect on the consequences of alternative actions (ACHES037).

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.

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

  3. Students write a summary of how tax is collected and spent.

  4. Think-pair-share: Tax makes our lives better.