In March 2019, the Department of Education commissioned the Australian Council for Educational Research (ACER) to conduct a conceptual analysis of the most appropriate way to develop and present a taxonomy of learning outcomes within a qualifications framework; and a technical analysis and revision of the Knowledge, Skills and Application of Knowledge and Skills descriptors used in the Australian Qualifications Framework (AQF). Later this was extended to development of two alternative models that: (a) reflect the new conceptual base developed in Part I; (b) comprise a set of revised domain definitions (along with a new typology for each domain); and (c) include some example descriptors to indicate how descriptors could operate; and develop ways in which the two models might be utilised in the specification of qualification types; and analyse and report on potential benefits and limitations of the models.