Griffith Business School

Griffith Business School

Department of Accounting Finance and Economics

7106AFE/7817AFE Income Tax Law

ASSIGNMENT CRITERIA SHEET Practice Based Assignment

Due Date - Monday 10 October 2022 by 10am

Weighting - 20%

Student Name - Student Number - Mark Awarded:

A1: /20

Business Letter of Advice & File Note

1 The Our Understanding outlines the critical facts relevant to the advice 0 1 2 3 4 5

2 The Executive Summary provides a summary of all key recommendations (if client stopped at this point they would still have an idea of what the advice is) 0 1 2 3 4 5

Application 3 In the body of the letter the student has demonstrated a correct understanding of the relevant law. 0 1 2 3 4 5

4 Student has demonstrated a correct understanding of the factors required to determine whether a business exists 0 1 2 3 4 5

5 Has addressed all issues raised by client. 0 1 2 3 4 5

Conclusions 7 Client would understand what is being recommended i.e. solutions to the client 0 1 2 3 4 5

8 Client would understand why recommendations are being made i.e. explanation been provided supporting what is being recommended. 0 1 2 3 4 5

9 Provides solutions; to the client to solve potential issues 0 1 2 3 4 5

Research: Filenote (Identification of legal issues, legislation & case law) 10 The file note to the Letter of Advice demonstrates that the student has thoroughly researched the assignment: - student has correctly quoted statutory provisions of the ITAA, case law, and taxation rulings 0 2 4 6 8 10

11 - student has applied the above law correctly to the facts of the client 0 2 4 6 8 20

Organisation 12 Good structure effectively sequenced Clear and logical sequence. 0 1 2 3 4 5

Format 13 Adherence to the correct conventions of a business letter of advice (including minimal, if any, references to legislation or case law in the letter itself). 0 1 2 3 4 5

14 The overall presentation (12 Arial font, single line spacing, 3cm margins, use of headings, justify paragraph, page #s, Aust date format) of the letter. 0 1 2 3 4 5

Expression 15 Appropriateness of language (3rd person) and terminology for business letter of advice. 0 1 2 3 4 5

17 Clarity of expression (writes in an active sense compared to passive/negative) 0 1 2 3 4 5

18 Correct use of grammar, spelling and punctuation. 0 1 2 3 4 5

TOTAL (out of 100)/5 Late lodgement penalty TOTAL (after penalties, if any)