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Taxation Law and Practice
Postgraduate | RMI-MPAC90 | 2020
Course information for 2020 intake
Address the principles that underpin Australian taxation law. Examine the Income Tax Assessment Acts of 1936 and 1997. Scan the Fringe Benefit Tax Assessment Act and the Goods and Services Tax Act. See how they affect individuals and organisations.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Taxation Law and Practice
About this subject
At the completion of this subject you will be able to:
- Describe role and purpose of ITAA 1997 and ITAA 1936 and consequences for different taxpayer entities.
- Apply the underlying principles of taxation laws to various situations involving different taxpayer groups to provide and advice.
- Research academic journals to integrate new insights to complex real-world problems and policy issues.
- Identify and evaluate social and political aspects of taxation and how these relate to tax reform.
- 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
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%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
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