Unit Code: CPE123
TPB-compliant CPE: Yes
Structured CPE Hours: 1
Enrolment term: 90 days
Price: $66.00, including GST.

While FTCs may appear straightforward at first glance, they are in fact a detailed and complex area of BAS services, governed by changing rates, strict eligibility rules, and nuanced compliance obligations. Misinterpretation or miscalculation can lead to overclaims, underclaims, and increased audit risk not just for clients, but also for BAS agents managing these responsibilities.

This course has been developed to equip learners with the specialised knowledge required to navigate the full lifecycle of FTCs from understanding eligibility and using simplified methods, to calculating claims correctly and ensuring they are reported in line with compliance expectations. You'll also explore examples, and current ATO guidance to help build a deeper understanding of the FTC regime.

1. Learn what FTCs are, their benefits, eligibility criteria, and how the system works
2. Assess eligibility based on fuel types, vehicle use, business activities, and environmental factors
3. Methods for calculating fuel use, including for heavy vehicles and auxiliary equipment
4. BAS reporting, claiming past credits, and ensuring proper timing and lodgement
5. Recognise required records, reduce risks, and best practice.

On successful completion, you will be awarded a Statement of Achievement from My CPE.

Important Information:
Resources: Internet, computer and your time!
Duration: 1 hour
Mode of Delivery: Online

Pass Mark: 80% pass mark overall

Assessment Attempts: Two (2).