Australian Tax Law

• • 1. Week 1
  • 1.1) Introduction and income tax basics, residence and source of income.
  • 2. Week 2
  • 2.1) Tax accounting, income from labour and fringe benefits tax
  • 3. Week 3
  • 3.1) Income from business and income from property
  • 4. Week 4
  • 4.1) Capital gains tax
  • 5. Week 5
  • 5.1) Allowable deductions - general
  • 6. Week 6
  • 6.1) Specific deductions and capital allowances
  • 7. Week 7
  • 7.1) Trading stock and tax offsets
  • 8. Week 8
  • 8.1) Taxation of Partnerships and Trusts
  • 9. Week 9
  • 9.1) Taxation of Companies and Superannuation
  • 10. Week 10
  • 10.1) Goods and Services Tax
  • 11. Week 11
  • 11.1) International Tax
  • 12. Week 12
  • 12.1) Tax Administration
  • 13. Week 13
  • 13.1) Revision

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

Core

• TAS-PFA-GDI-2022
• TAS-MPA-MAS-2022
• TAS-PAS-MAS-2022

Elective

• OUA-PSU-GCE-2022
• TAS-FIN-MAS-2022
• TAS-FSP-MAS-2022
• TAS-FSP-MAS-2022
• TAS-FSP-MAS-2022

Additional requirements

No additional requirements

This subject introduces students to the core concepts in Australian taxation and identifies the framework (both legal and administrative) behind those concepts. The knowledge gained through this exploration enables the application of the framework to current issues faced by individuals and businesses whilst ensuring compliance with statutory and professional requirements. Basic concepts of assessable income (including capital gains) and allowable deductions are extended through different entity structures with a focus on application to real life scenarios. The subject includes an introduction to Fringe Benefits Tax as well as Goods and Services Tax. Aspects of International tax and tax avoidance issues are also explored.

• Exam (50%)
• Simulation Assignment (1) (25%)
• Simulation Assignment (2) (25%)

Current study term: 10 Jul 22 to 16 Oct 22