2026 FNSACC601 Quiz 10 - Returns and Assessment
85.00 out of 100.00 with corrections (Prepare and
administer tax documentation for legal entities)
Monarch Institute
HOLIDAY NOTICE: LIMITED SUPPORT (20 DEC – 4
JAN)
Please be advised that from Saturday 20th December to Sunday 4th January, Trainer
and Student Services availability will be limited.
Please allow extra time for responses. Thank you and enjoy the break!
Started on Saturday, 3 January 2026, 9:50 PM
State Finished
Completed on Saturday, 3 January 2026, 9:52 PM
Time taken 2 mins 11 secs
Marks 17.00/20.00
Grade 85.00 out of 100.00
Feedback Sensational! - You have shown an indepth understanding of this
material, and have achieved an excellent result. Well done.
Question 1
Which of the following tax rulings may be binding on the ATO?
Incorrect
Select one:
Mark 0.00 out of
1.00 a. Product ruling
b. All of the answers are correct
c. Private ruling
d. Class ruling
e. Public ruling
, 03/01/2026, 21:53 FNSACC601 Quiz 10 - review
Question 2
What is the due date for an individual taxpayer to lodge their tax
Correct return where they have not previously used the services of a
Mark 1.00 out of Registered Tax Agent?
1.00
Select one:
a. 30 June
b. 31 October
c. 1 December
d. None of the answers are correct
e. 1 October
Question 3
Which of the following types of assessment is used by the ATO
Correct
where a taxpayer has failed to lodge a tax return?
Mark 1.00 out of
1.00 Select one:
a. Deemed assessment
b. Default assessment
c. None of the answers are correct
d. Nil assessment
e. Special assessment
Question 4
Which of the following is true of a public ruling?
Correct
Select one:
Mark 1.00 out of
1.00 a. A public ruling has the force of law for a period of up to 10
years from the year of issue
b. Public rulings are used where the ATO considers that
legislation is incorrect
c. A public ruling applies to tax law generally
d. Taxpayers have the right of objection against a Public Ruling
e. None of the answers are correct
85.00 out of 100.00 with corrections (Prepare and
administer tax documentation for legal entities)
Monarch Institute
HOLIDAY NOTICE: LIMITED SUPPORT (20 DEC – 4
JAN)
Please be advised that from Saturday 20th December to Sunday 4th January, Trainer
and Student Services availability will be limited.
Please allow extra time for responses. Thank you and enjoy the break!
Started on Saturday, 3 January 2026, 9:50 PM
State Finished
Completed on Saturday, 3 January 2026, 9:52 PM
Time taken 2 mins 11 secs
Marks 17.00/20.00
Grade 85.00 out of 100.00
Feedback Sensational! - You have shown an indepth understanding of this
material, and have achieved an excellent result. Well done.
Question 1
Which of the following tax rulings may be binding on the ATO?
Incorrect
Select one:
Mark 0.00 out of
1.00 a. Product ruling
b. All of the answers are correct
c. Private ruling
d. Class ruling
e. Public ruling
, 03/01/2026, 21:53 FNSACC601 Quiz 10 - review
Question 2
What is the due date for an individual taxpayer to lodge their tax
Correct return where they have not previously used the services of a
Mark 1.00 out of Registered Tax Agent?
1.00
Select one:
a. 30 June
b. 31 October
c. 1 December
d. None of the answers are correct
e. 1 October
Question 3
Which of the following types of assessment is used by the ATO
Correct
where a taxpayer has failed to lodge a tax return?
Mark 1.00 out of
1.00 Select one:
a. Deemed assessment
b. Default assessment
c. None of the answers are correct
d. Nil assessment
e. Special assessment
Question 4
Which of the following is true of a public ruling?
Correct
Select one:
Mark 1.00 out of
1.00 a. A public ruling has the force of law for a period of up to 10
years from the year of issue
b. Public rulings are used where the ATO considers that
legislation is incorrect
c. A public ruling applies to tax law generally
d. Taxpayers have the right of objection against a Public Ruling
e. None of the answers are correct
