Public Sector - Draft 2

PSPREV008 Determine stamp duties_validation

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Unit application and prerequisites

UNIT CODE

PSPREV008

UNIT TITLE

Determine stamp duties

APPLICATION

This unit describes the performance outcomes, skills and knowledge required to determine stamp duties imposed on various documents (‘instruments’) and transactions.

 

This unit applies to those working in roles where the determination of stamp duty is required. Those undertaking this unit would work independently, performing complex tasks in familiar contexts.

 

The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.

 

No occupational licensing, certification or specific legislative or certificate requirements apply to this unit at the time of publication.

PREREQUISITE UNIT

Nil

COMPETENCY FIELD

Revenue administration

UNIT SECTOR

 

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Elements and performance criteria

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element.

  1. Identify legislative, regulatory and procedural requirements relating to stamp duties
    1. Maintain up-to-date knowledge of the range of legislation, regulations, rulings, Commissioner’s practices and organisational procedures relating to instruments and transactions that generally attract duties.
    2. Locate and confirm current rates and thresholds that apply to calculation of stamp duties, relative to the liability date.
    3. Identify and confirm eligibility and liability criteria related to stamp duties to ensure consistency of interpretation and application.
    4. Identify and confirm exemptions and concessions related to instruments, transactions or organisations.
  1. Assess stamp duties
    1. Identify instruments and transactions liable for duty.
    2. Identify instruments and transactions exempt from duty or eligible for concessions and explain to customers in accordance with their requests.
    3. Implement general principles affecting stamp duties to ensure correct duty is applied.
    4. Identify parties liable to pay duty and confirm date of liability.
    5. Confirm lodgement and due dates and apply any interest or penalties incurred for late lodgement or payment.
    6. Apply rates of duty, confirm assessment and record decision.
  1. Assess and process enquiries and complaints
    1. Deal with enquiries and complaints by taxpayers, and record decisions and notify.
    2. Explain to taxpayers their rights to have the decision reviewed if they are dissatisfied with the decision.

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Foundation skills

FOUNDATION SKILLS

Foundation skills essential to performance in this unit, but not explicit in the performance criteria are listed here, along with a brief context statement.

SKILLS

DESCRIPTION

UNIT MAPPING INFORMATION

Release 1: Supersedes and is equivalent to PSPREV008 Determine stamp duties.

LINKS

Companion Volume Implementation Guide

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Performance evidence

TITLE

Assessment Requirements for PSPREV008 Determine stamp duties

PERFORMANCE EVIDENCE

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and on at least one occasion:

  • research information related to stamp duties
  • interpret and explain legal language
  • confirm accuracy of duties applied to various instruments and transactions
  • communicate with others involving exchanges of complex information relating to stamp duties
  • use technology to conduct research, make enquiries, review available data, access legislative requirements and record outcomes.

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Knowledge evidence

KNOWLEDGE EVIDENCE

 

     

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

  • range of legislation, regulations, rulings and Commissioner’s practices relating to stamp duty requirements
  • general principles from legislation that assist in ascertaining nature of instruments and transactions and how the stamp duty regime is to be applied
  • legislative changes and why they occur
  • legislative decision-making process
  • confidentiality provisions.

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Assessment conditions

ASSESSMENT CONDITIONS

Skills must be demonstrated in either a:

  • a workplace environment or
  • a simulated environment.

 

Simulated assessment environments must simulate the real-life working environment where the skills and knowledge within this unit would be utilised, with all the relevant equipment and resources of that working environment.

 

Assessment must ensure access to:

  • government legislation, regulations, rulings, Commissioner's practices and other applicable case law relating to stamp duties
  • organisational procedures and protocols relating to stamp duties
  • legislative decision making process
  • scenarios and case studies to capture the range of situations likely to be encountered when determining stamp duties
  • access to relevant systems.

 

Assessors must satisfy the Standards for Registered Training Organisations’ requirements for assessors.

LINKS

Companion Volume Implementation Guide

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