Read each question carefully. Follow the suggested word count when you answer each question.

1.Key aspects: Preparation of tax documentation

Explain key aspects of income tax law relevant to the preparation of tax documentation for a company covering concepts of

residence and source

related elements of international tax assessable income

deductions, tax rebates, and offsets

tax accounting.

Your answer should be between 250-300 words and include an evaluation of each concept.

2.Administrative aspects of operating a franking account

Explain the requirement for a corporate tax entity to keep a franking account and the consequences for an entity if its franking account is in deficit at the end of its income year.

Your answer should be between 100 to 150 words.

3.Explain the key steps and processes that a business should take to ensure effective tax governance.

Your answer should be between 150-200 words.

4.Briefly list and explain the government tax policy documents issued by Reviews, Treasury and Board of Taxation.

Your answer should be 50-100 words.