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Location Domestic International
Melbourne N/A
Online
Session3, 3
Perth N/A
Sydney N/A

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

9

Level of learning

Intermediate

Unit aim

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).

Topic 1: Introduction to taxation law

Topic 2: Payroll systems, PAYG and payment summaries

Topic 3: Goods and Services Tax and other taxes

Topic 4: Fringe Benefits Tax

Topic 5: Concepts of income

Topic 6: Statutory income and exempt income

Topic 7: Capital Gains Tax

Topic 8: General deductions

Topic 9: Specific deductions

Topic 10: Tax accounting, taxation of individuals and software

Topic 11: Taxation of entities

Topic 12: Taxation administration, tax agents and ethics

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 communicate diverse and technical tax information to client taxpayers Communication and social skills
2 apply and discuss the principles of the law and practice of income taxation in Australia as it applies to individual and small business taxpayers Knowledge of a discipline Lifelong learning
3 describe the principles of the goods and services tax (GST), fringe benefits tax, the wine tax, the luxury car tax and the fuel tax, and state-based taxes including payroll tax, stamp duty and land tax Knowledge of a discipline
4 solve specific taxation questions and problems in the areas of income tax, fringe benefits tax and goods and services tax Knowledge of a discipline Lifelong learning
5 use information systems in taxation practice including the preparation of a Business Activity Statement (BAS), Instalment Activity Statement (IAS) and an individual Income Tax return Lifelong learning
6 explain the statutory and professional obligations of a tax agent and how these obligations influence practitioner conduct. Knowledge of a discipline Lifelong learning

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

  1. communicate diverse and technical tax information to client taxpayers
    • GA6: Communication and social skills
  2. apply and discuss the principles of the law and practice of income taxation in Australia as it applies to individual and small business taxpayers
    • GA4: Knowledge of a discipline
    • GA5: Lifelong learning
  3. describe the principles of the goods and services tax (GST), fringe benefits tax, the wine tax, the luxury car tax and the fuel tax, and state-based taxes including payroll tax, stamp duty and land tax
    • GA4: Knowledge of a discipline
  4. solve specific taxation questions and problems in the areas of income tax, fringe benefits tax and goods and services tax
    • GA4: Knowledge of a discipline
    • GA5: Lifelong learning
  5. use information systems in taxation practice including the preparation of a Business Activity Statement (BAS), Instalment Activity Statement (IAS) and an individual Income Tax return
    • GA5: Lifelong learning
  6. explain the statutory and professional obligations of a tax agent and how these obligations influence practitioner conduct.
    • GA4: Knowledge of a discipline
    • GA5: Lifelong learning

Prescribed texts

  • K Sadiq, C Black, R Hanegbi, S Jogarajan, R Krever, W Obst, & A Ting, 2020, Principles of Taxation Law 2020, Thomson Reuters (Professional) Australia Limited, Pyrmont, NSW. ISBN: 9780455243115.
Prescribed texts may change in future study periods.