1.As a registered tax agent, you must show that you have a clear understanding of your client's current circumstances. An essential part of the data-collection process is to ask questions and obtain as much information as possible.

What questions would you need to ask to obtain the information required to complete his tax return? You are required to list at least THREE (3) questions for each category in the following checklist, and ensure that specific questions (not generic questions) addressing the client's circumstances must be used.

Questions about income

1.

2.

3.

Questions about deductions or rebates

1.

2.

3.

Questions about Medicare levy related items

1.

2.

3.

Questions about capital gain/loss

1.

2.

3.

• The Code of Professional Conduct regulates your personal and professional conduct as a registered tax agent. Undertake your own research from Tax Practitioners Board (TPB) website, list 14 principles about Code of Professional Conduct that will apply to all registered tax agents.
• Describe THREE (3) types of supplies under the GST legislation. (6 marks)
• Adrian's taxable income (from wages and investments) is $100,000 in 2017/18. He retired from employment in December 2017 and receiveda gratuity (an employment termination payment) of $50,000. The payment is not an excluded payment so that the lesser of the ETP cap and whole-of-income cap applies for the purposes of determining the ETP tax offset.How much of Adrian's ETP is eligible for the ETP tax offset? Show reasons.
• A notice of assessment for 2015-16 is served on Mary on 23 September 2016. An amended assessment disallowing a $3,200 deduction is served on 1 September 2018. Mary is dissatisfied with the decision and going to lodge an objection. Based on the information provided in the question, when must Mary lodge objection to the amended assessment?
• What is the individual tax return deadline?
• What is the difference between deduction and offset?
• Undertake your own research from ATO website, describe the tax collection system used by ATO and TWO (2) elements under this system.
• An individual resident taxpayer has a taxable income of $66,000. Calculate the low income tax offset entitlement. Show all the working in your answer.
• A taxpayer's total car expenses, including depreciation, for the income year amount to $9,000 and the business proportion of these expenses is 70%. Where the requirements of the logbook method are satisfied, calculate the taxpayer's deduction for car expenses. Show all the working in your answer.