2. Briefly explain the following key elements of Australian tax law, as it relates to individual taxpayer income tax documentation:

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

b. The key aspects of the income tax law which cover:

i. Residence and source and the related elements of international tax

ii. Assessable income

iii. Deductions, including general, specific, and decline in value

iv. Tax rebates and offsets

v. Tax accounting

vi. Income test definitions that include reportable superannuation and FBT