Subject details

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

  1. Describe role and purpose of ITAA 1997 and ITAA 1936 and consequences for different taxpayer entities.
  2. Apply the underlying principles of taxation laws to various situations involving different taxpayer groups to provide and advice.
  3. Research academic journals to integrate new insights to complex real-world problems and policy issues.
  4. Identify and evaluate social and political aspects of taxation and how these relate to tax reform.
  5. Have the ability to select the most appropriate taxation laws that may apply in any given situation with a view to providing tax advice.
    • 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:

Core
  • 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 subject 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 subject also considers the Fringe Benefit Tax Assessment Act 1986 and the Goods and Services Tax Act 2000.

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

  • Individual Research Paper #1 (20%)
  • Individual Research Paper #2 (30%)
  • Final Invigilated Exam (50%)

Textbook information is pending.

Related degrees

postgraduate RMI-PAC-MAS-2019

Master of Professional Accounting

postgraduate RMI-CPA-MAS-2019

Master of Professional Accounting CPA Australia Extension