Unit aim
Concerned with the application of the principles of income tax law to the different classes of taxpayers including companies, partnerships, trusts, superannuation funds, and special taxpayers. While some attention is given to the preparation of returns for each class of taxpayer, the major emphasis is placed upon the rationale underlying the application and modification of the general principles of taxation in each case. Emphasis is also placed upon the administration of taxation, foreign source income and the operation of Goods and Services Tax.
Unit content
Topic 1: Administration of income tax
Topics 2 & 3: Taxation of companies and company distributions
Topic 4: Taxation and partnerships
Topic 5: Taxation of trust estates and related areas
Topic 6: Introduction to superannuation and related areas of taxation
Topic 7: Taxation and primary production
Topic 8: Taxation and resource-based industries
Topic 9: Special taxation provisions relating to: artists, writers, sportspersons, research and development, industrial property, Australian films and leases
Topic 10: Foreign source income and foreign income tax offsets
Topic 11: GST
Topic 12: Tax planning and the anti-tax avoidance provisions, and the future of taxation in Australia.
Learning outcomes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
| On completion of this unit, students should be able to: | GA1 | GA2 | GA3 | GA4 | GA5 | GA6 | GA7 | |
|---|---|---|---|---|---|---|---|---|
| 1 | discuss the principles of a good tax system as it relates to administration and entities and apply these principles to your analyses of changes to our tax system | Knowledge of a discipline | Communication and social skills | |||||
| 2 | develop a working knowledge of the law and practice of income taxation in Australia in relation to companies, trusts, partnerships, superannuation funds and specific taxpayers | Ethical practice | Knowledge of a discipline | |||||
| 3 | explain the principles and application of the goods and services tax (GST) | Ethical practice | Knowledge of a discipline | |||||
| 4 | solve specific taxation questions and problems in the areas of income tax and goods and services tax with reference to the legislation and judicial cases | Knowledge of a discipline | Communication and social skills | |||||
| 5 | Analyse and explain various tax planning techniques that can be used to legitimately minimise taxpayers' liability to income tax | Ethical practice | Knowledge of a discipline | |||||
Prescribed texts
Session 1
- Barkoczy, S, 2016, Core Tax Legislation & Study Guide, 19th edn, Oxford University Press. ISBN: 9780190304409.
- Chow, M, 2016, Australian Master Tax Guide 2016, 58th edn, Oxford University Press. ISBN: 9781925356632.
- Devos, K, Nethercott, L & Richardson, G, 2015, Australian Taxation Study Manual: Questions and Suggested Solutions, 25th edn, Oxford University Press. ISBN: 9780190304201.
Teaching and assessment
Online
| Teaching method |
| Tutorial online 1 hour (12 weeks) |
| Assessment | |
| Short written response | 20% |
| Short written response | 30% |
| Exam: closed book | 50% |
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2016 Commonwealth Supported only. Student contribution band: 3
Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees
International
Please check the international course and fee list to determine the relevant fees.