Availabilities:

Location Domestic International
Gold Coast Session 3 Session 3
Melbourne N/A Session 3
New Zealand - MIT Session 3 Session 3
Online Session 3 Session 3
Papua New Guinea - Air Niugini N/A Session 3
Sydney N/A Session 3

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

9

Level of learning

Intermediate

Pre-requisites

12 credit points in any SCU units

Unit aim

Introduces the law and practice of taxation in Australia and the inter-relationship between these taxes. Its major emphasis is on income tax as it applies to individual taxpayers, as this is currently the most significant source of government revenue. Other taxes that will be studied include fringe benefits tax, the goods and services tax (GST) and state-based taxes. By studying this unit students should attain a basic working knowledge of the taxes that are levied by the Commonwealth and the States. This unit also examines some of the principles behind a good tax system and the administration of taxation in Australia.

Unit content

Topic 1: Overview of Australian income tax
Topic 2: Concepts of income
Topic 3: Statutory income and exempt income
Topic 4: Capital Gains Tax
Topic 5: General deductions
Topic 6: Specific deductions
Topic 7: Tax accounting
Topic 8: Taxation of individuals
Topic 9: Fringe Benefits Tax
Topic 10: Goods and Services Tax and other taxes
Topic 11: Taxation administration
Topic 12: Tax Planning and Introduction to taxation of entities

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 discuss and communicate the principles of a good tax system and apply these principles to your analyses of changes to the tax system in Australia
2 develop a working knowledge of the law and practice of income taxation as it applies to individual and small business taxpayers in Australia
3 explain the principles and application of fringe benefits tax and the goods and services tax (GST)
4 solve specific taxation questions and problems in the areas of income tax, fringe benefits tax and goods and services tax with reference to the legislation and judicial cases.

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

  1. discuss and communicate the principles of a good tax system and apply these principles to your analyses of changes to the tax system in Australia
    • GA4:
    • GA5:
  2. develop a working knowledge of the law and practice of income taxation as it applies to individual and small business taxpayers in Australia
    • GA3:
    • GA4:
  3. explain the principles and application of fringe benefits tax and the goods and services tax (GST)
    • GA3:
    • GA4:
  4. solve specific taxation questions and problems in the areas of income tax, fringe benefits tax and goods and services tax with reference to the legislation and judicial cases.
    • GA3:
    • GA4:
    • GA5:

Prescribed texts

  • Barkoczy, S, 2016, Core Tax Legislation & Study Guide, 19th edn, Oxford University Press. ISBN: 9780190304409.
  • Chow, M, 2016, Australian Master Tax Guide 2016, 58th edn, Oxford University Press. ISBN: 9781925356632.
  • Nethercott, L, Devos, K & Richardson, G, 2016, Australian Taxation Study Manual: Questions and Suggested Solutions, 26th edn, Oxford University Press. ISBN: 9780190306342.
Prescribed texts may change in future teaching periods.