Role of businesses in Australia’s taxation system
Access denied
Introduction
Students explore the role of businesses in Australia’s taxation system, including how businesses collect, report and pay taxes that constitute the majority of the government’s revenue. The focus is on taxes that are collected and reported using a business activity statement. Students have the option to apply their understanding by completing an online BAS for a hypothetical business.
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
How markets influence decisions about the allocation of resources to the production of goods and services, and the effect of prices on these decisions. (AC9HE8K01)
The importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses. (AC9HE8K04)
Economics and Business Skills
Locate, select and organise information and data from a range of sources. (AC9HE8K02)
Interpret information and data to identify economic and business issues, trends and economic cause-and-effect relationships (AC9HE8K03)
Develop a response to an economic and business issue, identifying potential costs and benefits. (AC9HE8K04)
Create descriptions and explanations, using economic and business knowledge, concepts and terms, and referencing information and data from sources. (AC9HE8K05)
Teacher resources
In order to see the resources you must Register or Login if you already have an account.
Group research task
Student learning resources
In order to see the resources you must Register or Login if you already have an account.
Role of businesses in Australia’s taxation system
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'.
Part A: Group research task
- 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.
- Use a grouping strategy to organise students into groups of 3 or 4. Display the visualiser and ask students to complete the task.
- Invite students to share their group’s decision about trade-offs.
Part B: Completing an online BAS
- If students are interested, have them complete an online BAS by following the instructions. They will need to access the ATO online services simulator.
Note: This simulator is for educational purposes only.