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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Advanced

Pre-requisites

ACC00132 - Taxation

Unit aim

Extends knowledge of taxation to different business entities including companies, partnerships, trusts, superannuation funds, and special taxpayers and the method and impact of taxation on each using teacher-directed learning activities and case studies. Domestic and international taxation issues will be considered in the context of planning and anti-avoidance.

Unit content

Topic 1: Overview of the Australian taxation system

Topic 2: Small business entities

Topic 3: Taxation of superannuation funds

Topic 4: Taxation of superannuation benefits

Topic 5: Partners and partnerships

Topic 6: Trusts and beneficiaries

Topic 7: Taxation of companies

Topic 8: Shareholders and dividends

Topic 9: Taxation of foreign income and foreign residents

Topic 10: International taxation issues

Topic 11: Tax avoidance and planning

Topic 12: Review

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.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 discuss the principles of a good tax system as it relates to administration and entities and apply these principles to your analyses of changes to our tax system Knowledge of a discipline Communication and social skills
2 develop a working knowledge of the law and practice of income taxation in Australia in relation to companies, trusts, partnerships, superannuation funds and specific taxpayers Ethical practice Knowledge of a discipline
3 explain the principles and application of the goods and services tax (GST) Ethical practice Knowledge of a discipline
4 solve specific taxation questions and problems in the areas of income tax and goods and services tax with reference to the legislation and judicial cases Knowledge of a discipline Communication and social skills
5 Analyse and explain various tax planning techniques that can be used to legitimately minimise taxpayers' liability to income tax Ethical practice Knowledge of a discipline

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

  1. discuss the principles of a good tax system as it relates to administration and entities and apply these principles to your analyses of changes to our tax system
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  2. develop a working knowledge of the law and practice of income taxation in Australia in relation to companies, trusts, partnerships, superannuation funds and specific taxpayers
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
  3. explain the principles and application of the goods and services tax (GST)
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
  4. solve specific taxation questions and problems in the areas of income tax and goods and services tax with reference to the legislation and judicial cases
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  5. Analyse and explain various tax planning techniques that can be used to legitimately minimise taxpayers' liability to income tax
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline

Prescribed texts

  • Barkoczy, S, 2013, Core Tax Legislation & Study Guide, 16th edn, CCH Australia, North Ryde. ISBN: 978 1 922042 65 1.
  • CCH, 2013, Australian Master Tax Guide Tax Year End 2013, 53rd edn, CCH Australia, North Ryde. ISBN: 9781922042934.
  • Devos, K, Nethercott, L & Richardson, G, 2013, Australian Taxation Study Manual: Questions and Suggested Solutions, 23rd edn, CCH Australia, North Ryde. ISBN: 9781922042927 .
Prescribed texts may change in future study periods.