1.Identify and explain ethical considerations and legislative requirements relevant to the preparation of tax documentation for legal entities, including:

a.Conflict of interest

a.Court and administrative appeals tribunal decisions

b.Commissioner of taxation's interpretive guidance in rulings and determinations

1. Explain critical and key elements of Australian tax law as it relates to tax documentation for legal entities such as companies, trusts, partnerships and sole traders including

a.The rules and principles of Australian tax law, with an understanding of the legal environment in which these principles operate, basics of the legal system, constitutional considerations and separation of powers

b.The key aspects of income tax law covering concepts of residence and source, related elements of international tax, assessable income, deductions, tax rebates and offsets, and tax accounting

c.Goods and services tax (GST)

d.Taxation aspects of superannuation law

e.Administrative aspects of the taxes identified above including documentation, tax collection and withholding mechanisms, assessments, obligations, rulings, penalties and audits

f.Specific and general anti-avoidance tax rules

a.Payments

b.Purchases

1.Describe the key features of organisational policy and procedures relating to the preparation of tax documentation for legal entities

2.Outline the key accounting principles and practices relevant to the preparation of tax documentation for two different types of legal entities.