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You have just started a new job as a graduate accountant. Your managing partner has to do a media interview and he asks you to provide answers to some questions that will be asked. He has given you a list of questions that he has to address in his interview and he needs you to provide him with short answers to these questions and provide references so that he can check the answer if required.
1. Who is the Commissioner of Taxation?
2. What is the corporate Mission Statement of the Australian Taxation Office?
3. Where could information be found on the internet regarding the Australian Taxation Office and what they do?
4. Does the Taxpayers Charter allow the Australian Taxation Office to disclose your information to other parties? Under what circumstances would this be allowed to occur?
5. Which Division of the Income Tax Assessment Act 1997 contains the definitions related to the Act?
6. Which section of the Income Tax Assessment Act 1997 considers what expenditure is considered to be an allowable deduction? What is the title of this section?
7. Which section of the Income Tax Assessment Act 1997 includes the value of allowances in assessable income? What is the title of this section?
8. Must the value of allowances referred to in the question above be provided in monetary form? Where can you find this information?
9. What topic does Taxation Ruling TR 2013/2 discuss?
10. Taxation Determination TD 2016/3 sets out the cents per kilometre rates for private use of motor vehicles for the FBT year starting 1 April 2016. What is the applicable rate for a motor vehicle with an engine capacity over 2500cc?
Part B 30 marks
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