Subject details

At the completion of this subject students will be able to:

  1. analyse and apply relevant sections of the income tax assessment acts of 1936 and 1997
  2. calculate taxable income and net tax payable by an individual and sole trader including calculations for net capital gains tax
  3. calculate net income by a trust or partnership entity, including the distribution to beneficiaries or partners
  4. calculate the taxable income of a company, including reconciling accounting profit to taxable profit and franking account
  5. evaluate the Goods and Services Tax (GST) and explain how it applies and undertake basic calculations.
  • Topics
    • Income
    • Deductions
    • Capital gains
    • Uniform capital allowances
    • Partnerships
    • Trusts
    • Companies
    • Goods and Services Tax (GST)
    • Tax Practitioners
  • Study resources
    • Instructional Methods
      • E-Portfolios
      • Embedded Multimedia
      • Online Quizzes/Tests
    • Online Materials
      • Online Assessment
      • Audio-Video streaming
      • FAQs
      • Printable format materials

Entry Requirements

Equivalent Subjects

You cannot enrol in this unit if you have successfully completed any of the following subject(s) because they are considered academically equivalent:

  • CUR-BLW22

You must have successfully completed the following subject(s) before starting this subject:

CUR-BLW14-Business Law , or CUR-BLW15-Applied Contract Law , or USA-BLW17-Business Law , or USA-BLW16

Others

Prerequisites may be exempted for ICAA or ASCPA. To be considered for waiver, send scanned originals to opencurtin@curtin.edu.au. For complete equivalent study at another uni contact Student Advisor

Special requirements

  • OtherDetails -

    Textbooks, one of which can be taken into the exam.

This subject was previously known as BLW22.

This subject introduces the Australian tax system and legislation including Income Tax and Goods and Services Tax. Topics covered include determination of income, deductions, uniform capital allowances, Capital Gains Tax, partnerships, reconciliation from accounting profit to taxable or net income, trusts and minors, companies and franking accounts.

Please Note: If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.

Find out more about the Academic Integrity module.

  • Assignment 1 - Test (25%)
  • Assignment 2 - Invigilated Exam — Final Exam (50%)
  • Assignment 3 - Written Assignment (15%)
  • Assignment 4 - Weekly class assessment (10%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject.

View textbooks

Related degrees

Undergraduate

Bachelor of Business (Financial Planning)

Undergraduate

Bachelor of Commerce (Business Law)

Undergraduate

Bachelor of Accounting