Unit of Study ACCT6005 Taxation Law and Practice (2024)

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