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Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

9

Level of learning

Advanced

Former School/College

Former School of Law and Justice

Unit aim

Introduces students to the Australian tax system. This subject seeks to provide you with an understanding and knowledge of the theory and practice of tax law in Australia. More specifically, this subject is designed to enable you to understand the major types of taxes in Australia, including the income taxation regime, the Goods and Services Tax, Fringe Benefits and Capital Gains Taxes. Taxation of companies, partnerships, trusts and some aspects of international taxation are also considered. In addition, this subject aims to enable you to comprehend the impact that various taxes have on business, individual decisions and consequent tax planning.

Unit content

Topic 1: Foundation of Taxation

Topic 2: Income

Topic 3: Capital Gains Tax

Topic 4: Deductions

Topic 5: FBT and GST

Topic 6: Taxation of Different Business Structures

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 Recognise the structure of the tax system and identify taxes in Australia
2 Understand and analyse the key principles and features of income tax and deductions
3 Identify and analyse the various aspects of taxation of companies, trusts and partnerships
4 Recognise and analyse the legal issues related to CGT, FBT and GST
5 Develop high level analytical skills in the use and reading of cases, statutes and other tax law material and apply these skills in complex tax fact situations to the resolution of these issues

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

  1. Recognise the structure of the tax system and identify taxes in Australia
    • GA1:
    • GA4:
  2. Understand and analyse the key principles and features of income tax and deductions
    • GA4:
  3. Identify and analyse the various aspects of taxation of companies, trusts and partnerships
    • GA1:
    • GA4:
  4. Recognise and analyse the legal issues related to CGT, FBT and GST
    • GA1:
    • GA4:
  5. Develop high level analytical skills in the use and reading of cases, statutes and other tax law material and apply these skills in complex tax fact situations to the resolution of these issues
    • GA1:
    • GA4:
    • GA6:

Prescribed texts

  • Taylor J, Walpole M, Burton M, Ciro T, Murray I, 2019, Understanding Taxation Law 2020, 2020, LexisNexis. ISBN: 9780409351286.
Prescribed texts may change in future teaching periods.