Clinton Institute is committed to providing quality training and assessment services to all clients. As part of our ongoing desire to be industry leaders in training and assessment services, Clinton Institute has worked with the Vocational Education and Training Regulatory (the Australian Skills Quality Authority (ASQA)), to identify areas of our operation requiring improvement.
During a recent audit conducted by ASQA, anomalies were identified in the assessment process used for some units of competency in the qualification BSB61015 Advanced Diploma of Leadership and Management. Specifically, ASQA found that students had been copying their responses to assessment questions, from the Learner Guide or some other source and not appropriately referencing the source. Unfortunately, in an effort to progress student learning as quickly as possible, these anomalies went undetected by Clinton Institute trainer assessors at the time.
This situation gives rise to a concern as to whether or not students actually have the underpinning knowledge required by the units. Copying answers from a Learner Guide demonstrates a student’s ability to copy but does not demonstrate that they can, in their own words, explain a unit’s theory. The technical term for this type of copying is ‘plagiarism’. Where a student has plagiarised, there is a risk that the student is not vocationally competent in the unit.
Clinton Institute is conducting a remediation activity to address this oversight. Specifically, Clinton Institute is reassessing written components of the eight units of competency where plagiarism has been detected through a review process. The units included in the aggregated assessment are listed in the following table:
Assessment Plan
There are two (2) Assessment Tasks for this eight-unit aggregated assessment for remediation and each Assessment Task has been broken into eight (8) Assessment Activities as follows:
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Assessment Task 1: Written Questions:
- Assessment Activity A – BSBFIM601 Manage finances
- Assessment Activity B – BSBINM601 Manage knowledge and information
- Assessment Activity C – BSBMGT605 Provide leadership across the organisation
- Assessment Activity D – BSBMGT608 Manage innovation and continuous improvement
- Assessment Activity E – BSBMGT615 Contribute to organisation development
- Assessment Activity F – BSBMGT616 Develop and implement strategic plans
- Assessment Activity G – BSBMGT617 Develop and implement a business plan
- Assessment Activity H – BSBSUS501 Develop workplace policy and procedures for sustainability
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Assessment Task 2: Case Scenarios
- Assessment Activity A – BSBFIM601 Manage finances
- Assessment Activity B – BSBINM601 Manage knowledge and information
- Assessment Activity C – BSBMGT605 Provide leadership across the organisation
- Assessment Activity D – BSBMGT608 Manage innovation and continuous improvement
- Assessment Activity E – BSBMGT615 Contribute to organisation development
- Assessment Activity F – BSBMGT616 Develop and implement strategic plans
- Assessment Activity G – BSBMGT617 Develop and implement a business plan
- Assessment Activity H – BSBSUS501 Develop workplace policy and procedures for sustainability
This eight-unit aggregated assessment for remediation does not include any practical activities, as there was no plagiarism detected with respect to the practical components of assessments.
Students are required to complete all components of Assessment Tasks 1 and 2, along with the ‘Completed Assessment Submission Sheet’ (located on the last page of this document) and submit the document as one body of work on or before close of business on the assessment due date.
Question 1
Briefly explain the six (6) main taxation and superannuation obligations of an Australian company, including taxes that are paid through the Australian Tax Office.
- Goods and Services Tax (GST)
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Pay as You Go (PAYG) withholding
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Fringe Benefits Tax (FBT)
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Superannuation Contribution
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Payroll tax
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Australian Company Tax
Question 2
Answer the following questions relating to GST in Australia:
- When does a business/enterprise and non-profit organisations have to register for GST? You are required to list four (4) items.
- When do you need a tax invoice to claim a GST credit?
- What eight (8) details must be identifiable on a tax invoice for sales over AUD $1,000.00?
- What accounting method would a small business with an aggregated turnover of less than $2 million use to account their GST?
Question 3
Outline below, what is the definition of a 'company' as defined by the Australian Tax Office.
Question 4
To work as a business and be entitled to an ABN, what five (5) activities might you be undertaking according to the Australian Taxation Office?
Question 5
According to the ATO website, what four (4) obligations are you likely to have if you have an ABN?
Question 6
Outline the key requirements around tax for companies in Australia including:
- how annual tax is reported
- the methods by which it can be paid
- the name and value of the two tax rates for Australian companies and when each applies
- The small business tax rates for FY (Financial Year) 2019, FY 2020, FY 2021 and FY 2022
Question 7
Answer the following questions relating to pay-as-you-go (PAYG) tax in Australia:
- Explain the difference between PAYG withholding and PAYG Income Tax Instalments.
- If you make payments subject to withholding, what are the four (4) things the Australian Tax Office requires a business owner to do?
Question 8
Explain the three (3) principles of cash accounting. Include two (2) advantages and two (2) disadvantages of cash accounting in your response.
Question 9
Explain the principle of accrual accounting. Include two (2) advantages and two (2) disadvantages of accrual accounting in your response.
Question 10
Describe the following terms:
- Financial accounting
- Management accounting
- Accounting standards
- Financial accounting system
