Availabilities:
2024 unit offering information will be available in November 2023
Unit description
Introduces the law and practice of taxation in Australia and the inter-relationship between these taxes. Taxes levied on different entity types by the Commonwealth and the States will be covered. The unit also covers taxation administration and related information systems. By engaging in teacher-directed activities, students will build taxation knowledge, application and communication skills.
Unit content
This unit develops a working knowledge of Australian Taxation legislation including Fringe Benefits Tax Assessment Act 1986, the Income Tax Assessment Act 1936 (ITAA 1936), the Income Tax Assessment Act 1997 (ITAA 1997), Taxation Administration Act 1953 (TAA 1953), Tax Agent Services Act 2009 (TASA).
Module 1: Overview of Australian income tax including payroll systems
Module 2: Income Tax - Concepts of income including statutory income and exempt income, and capital gains
Module 3: Income Tax - General and specific deductions
Module 4: Goods and services tax
Module 5: Fringe benefits tax
Module 6: Income Tax - Taxation of entities, taxation administration, tax agents, & ethics
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.
On completion of this unit, students should be able to: | |
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1 | Develop and apply solutions for various types of taxation including goods and services tax (GST), fringe benefits and capital gains tax. |
2 | Apply complex principles of the law and practice of income taxation in Australia as it applies to individual and small business taxpayers |
3 | Perform tax calculations and communicate diverse and technical tax information to clients. |
4 | Explain the statutory and professional obligations of a tax agent and how they influence practitioner conduct in routine contexts. |
On completion of this unit, students should be able to:
- Develop and apply solutions for various types of taxation including goods and services tax (GST), fringe benefits and capital gains tax.
- Apply complex principles of the law and practice of income taxation in Australia as it applies to individual and small business taxpayers
- Perform tax calculations and communicate diverse and technical tax information to clients.
- Explain the statutory and professional obligations of a tax agent and how they influence practitioner conduct in routine contexts.
Teaching and assessment
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
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.