Subject details

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

  1. Understand and interpret the underlying principles of taxation law to a variety of legal entities
  2. Apply principles of taxation law to hypothetical and practical legal situations
  3. Read and comprehend taxation legislation and relevant taxation common law cases and principles
  4. Critically analyse taxation problems and make judgements in the provision of sound, reasoned advice
  5. Express that advice in writing in a precise manner
  6. Develop your awareness of how changes in taxation law may affect business practice and the provision of advice
  7. Effectively research textbooks, tutorial books, cases, journals, electronic databases and internet resources relevant to taxation law and extract meaningful information.
    • Introduction and Overview of Australian Tax System, Basic Scheme of the ITAA36 and ITAA97
    • Residence - individual residence and company
    • Source of Income
    • Derivation of income
    • The General Concept of Income, Employment and Personal Services Income
    • Business Income
    • Capital Gains Tax
    • Fringe Benefits Tax
    • General Allowable Deductions
    • Specific Deductions
    • Tax Offsets
    • Trading Stock
    • Capital Allowances
    • Taxation of Partnerships
    • Taxation of Companies, Taxation of Dividends and the Imputation System
    • Goods and Services Tax
  • Study resources

    • Instructional methods

      • Discussion forum/Discussion Board
      • Online assignment submission
      • Online Quizzes/Tests

In order to enrol in this subject, you must be accepted into one of the following degrees:

  • RMI-PAC-MAS-2019
  • RMI-CPA-MAS-2019

Special requirements

No special requirements

The subject aims to provide you with a sound understanding of the principles and the practical aspects of Australian Taxation Law in relation to income tax for individuals and other entities. The unit considers the provisions of the Income Tax Assessment Acts of 1936 and 1997 and gives emphasis to the issues of assessable income and allowable deductions in respect of the common law and statutory provisions as well as the impact of offsets and rebates. The unit also considers the Fringe Benefit Tax Assessment Act 1986 and the Goods and Services Tax Act 2000.

This unit emphasises presentation and research skills combined with formulation of arguments based on legal principle. In these respects, the unit plays a vital role in professional development of accountants and other professionals such as financial planners.

  • Discussion Forum (20%)
  • Research Assignment (30%)
  • Final Invigilated Exam (50%)

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.

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