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Unit of Study ACCT6005 - Taxation Law and Practice (2024)

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Unit Snapshot

  • Enrolment information

    It is strongly recommended that you have an ability to read and navigate pieces of legislation applicable to Australian Law.

Unit description

Introduces the law and practice of taxation in Australia and the inter-relationship between these taxes. Taxes levied on different entity types by the Commonwealth and the States will be covered. The unit also covers taxation administration and related information systems. By engaging in teacher-directed activities, students will build taxation knowledge, application and communication skills. 

Unit content

This unit develops a working knowledge of Australian Taxation legislation including Fringe Benefits Tax Assessment Act 1986, the Income Tax Assessment Act 1936 (ITAA 1936), the Income Tax Assessment Act 1997 (ITAA 1997), Taxation Administration Act 1953 (TAA 1953), Tax Agent Services Act 2009 (TASA).

Module 1: Overview of Australian income tax including payroll systems

Module 2: Income Tax - Concepts of income including statutory income and exempt income, and capital gains

Module 3: Income Tax - General and specific deductions

Module 4: Goods and services tax

Module 5: Fringe benefits tax

Module 6: Income Tax - Taxation of entities, taxation administration, tax agents, & ethics

Availabilities

Location Domestic International
Gold Coast
Term5
Term5
Melbourne N/A
Summer Term
Term5
Online
Term5
Term5
Perth N/A
Summer Term
Term5
Sydney N/A
Summer Term
Term5

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

Develop and apply solutions for various types of taxation including goods and services tax (GST), fringe benefits and capital gains tax.

Apply complex principles of the law and practice of income taxation in Australia as it applies to individual and small business taxpayers

Perform tax calculations and communicate diverse and technical tax information to clients.

Explain the statutory and professional obligations of a tax agent and how they influence practitioner conduct in routine contexts.

Prescribed learning resources

Prescribed Texts
  • The prescribed text is updated every financial year. Please refer to the Unit's MySCU site for the edition details of your text, Principles of Taxation Law, Thomson Reuters Professional Australia Pty Limited, Pyrmont, NSW..
Prescribed Resources/Equipment

  • Access to a computer with a webcam and reliable internet connection.  Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.

  • This unit requires you to use HandiTax Software (free student version via online link) and the Australian Master Tax Guide 2017 eText which is accessed via the Library portal.

    Details are available for the above on MySCU

Prescribed Texts
  • The prescribed text is updated every financial year. Please refer to the Unit's MySCU site for the edition details of your text, Principles of Taxation Law, Thomson Reuters Professional Australia Pty Limited, Pyrmont, NSW..
Prescribed Resources/Equipment
  • Students need access to a computer with a webcam and reliable internet connection to verify their identity before attempting the proctored, online exam in this unit.

  • This unit requires you to use HandiTax Software (free student version via online link) and the Australian Master Tax Guide 2017 eText which is accessed via the Library portal. Further details are provided on MySCU.

Prescribed Learning Resources may change in future Teaching Periods.