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Session1, 1

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: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 apply the law and practice of income taxation in Australia in relation to small business entities and superannuation funds
2 apply the law and practice of income taxation in Australia in relation to companies, trusts, partnerships, and specific taxpayers
3 evaluate international taxation issues
4 explain the operation of anti-avoidance provisions
5 apply various tax planning techniques that can be used to legitimately minimise taxpayers' liability to income tax.

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

  1. apply the law and practice of income taxation in Australia in relation to small business entities and superannuation funds
    • GA1:
    • GA3:
    • GA4:
  2. apply the law and practice of income taxation in Australia in relation to companies, trusts, partnerships, and specific taxpayers
    • GA1:
    • GA3:
    • GA4:
  3. evaluate international taxation issues
    • GA1:
    • GA4:
  4. explain the operation of anti-avoidance provisions
    • GA3:
    • GA4:
  5. apply various tax planning techniques that can be used to legitimately minimise taxpayers' liability to income tax.
    • GA1:
    • GA3:
    • GA4:

Prescribed texts

  • Text changes with legislation each financial year: Sadiq, K, Black, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W & Ting, A, 2019, Principles of Taxation Law 2019, Thomson Reuters.
Prescribed texts may change in future study periods.