acc3tax taxation
TAXATION
ACC3TAX
2016
Credit points: 15
Subject outline
This subject provides an understanding of Commonwealth income tax legislation and the implications of income tax on individuals and businesses. A practical approach is taken to the subject matter. Students will study the general concepts of assessable income and allowable deductions (including substantiation provisions) and get an introduction to capital gains and fringe benefits tax. The taxation of entities will also be covered, including the taxation of partnerships, companies and trusts. The subject will also cover returns and assessments, objections and appeals.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorMaria Zito
Available to Study Abroad StudentsNo
Subject year levelYear Level 3 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites LST2BSL and ACC1AMD
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Australian Taxation Study Manual | Prescribed | Nethercott, Richardson and Devos, Current edition | Oxford University Press |
| Readings | Core Tax Legislation and Study Guide | Prescribed | Barkoczy, Current edition | Oxford University Press |
| Readings | Foundations of Taxation Law | Prescribed | Barkoczy, Current edition | Oxford University Press |
Graduate capabilities & intended learning outcomes
01. Explain the rules and principles of Australian tax law including the legal environment in which these principles operate such as the basics of the legal system, constitutional considerations, and separation of powers.
- Activities:
- Students will undertake weekly case studies directed at the application of law and case principles. They will also complete a major case study focusing on the application of legislation and case law in order to complete a Tax return with appropriate supporting schedules
- Related graduate capabilities and elements:
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
- Ethical Awareness(Ethical Awareness)
02. Identify, interpret and apply taxation rules and principles relevant to assessable income, allowable deductions, tax offsets, tax accounting, tax concessions, exemptions and incentives to a range of practical scenarios.
- Activities:
- At-home study including mandatory readings, online lectivities (interactive video-lectures) and online e-quizzes. Face-to-face workshops where students will practice their critical thinking, analysis and creative problem solving skills to apply threshold tax concepts to solve problem-based question and discuss case studies.
- Related graduate capabilities and elements:
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
03. Analyse key aspects of taxation that extend the ordinary income tax base such as capital gains tax and fringe benefits tax principles, as well as termination payment rules and where appropriate apply these to an individual taxpayer.
- Activities:
- At-home study including mandatory readings, online lectivities (interactive video-lectures) and online e-quizzes. Face-to-face workshops where students will practice their critical thinking, analysis and creative problem solving skills to apply threshold tax concepts to solve problem-based question and discuss case studies.
- Related graduate capabilities and elements:
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
04. Analyse, identify and apply taxation legislation as it relates to different taxable entities such as individual taxpayers, partnerships, trusts and companies.
- Activities:
- At-home study including mandatory readings, online lectivities (interactive video-lectures) and online e-quizzes. Face-to-face workshops where students will practice their critical thinking, analysis and creative problem solving skills to apply threshold tax concepts to solve problem-based question and discuss case studies.
- Related graduate capabilities and elements:
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
05. Calculate the final income tax and fringe benefits tax liability as it applies to basic taxable entities.
- Activities:
- At-home study including mandatory readings, online lectivities (interactive video-lectures) and online e-quizzes. Face-to-face workshops where students will practice their critical thinking, analysis and creative problem solving skills to apply threshold tax concepts to solve problem-based question and discuss case studies.
- Related graduate capabilities and elements:
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
06. Examine specific and general anti-tax avoidance rules as well as administrative provisions to assess the obligations of a particular taxpayer and justify the avenues for challenging taxation assessments.
- Activities:
- At-home study including mandatory readings, online lectivities (interactive video-lectures) and online e-quizzes. Face-to-face workshops where students will practice their critical thinking, analysis and creative problem solving skills to apply threshold tax concepts to solve problem-based question and discuss case studies.
- Related graduate capabilities and elements:
- Writing(Writing)
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
Subject options
Select to view your study options…
Albury-Wodonga, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Bendigo, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Dandenong, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Dandenong, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2016, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
Class requirements
WorkShopWeek: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Shepparton, 2016, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2016, Study Period 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
Class requirements
WorkShopWeek: 10 - 22
One 2.0 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2016, Study Period 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 31 - 42
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
"One 2.0 hour workshop per week from week 10 to week 22 delivered via face-to-face. Plus private study and online learning activities.
Students are required to complete the weekly private study and on-line learning program prior to attending the weekly workshops. This includes mandatory readings, watching interactive video lectures and completing knowledge check e-quizzes. This is followed by weekly workshops that focus on practical real-world taxation issues.
"
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Individual Assignment | Individual assignment comprises one essay-based question focused on the contents of weeks 1 to 4. Individual assignment is due on week 5. Submission details on Subject Learning Guide. | 20 | 01, 04, 05 |
| Continuous assessment | Continuous assessment comprises a total of 4 online multiple-choice quizzes (5% each), distributed as follows: Quiz 1: week 3 (Contents of weeks 1 to 3) Quiz 2: week 6 (Contents of weeks 4 to 6) Quiz 3: week 9 (Contents of weeks 7 to 9) Quiz 4: week 12 (Contents of weeks 10 to 12) | 20 | 01, 02, 03, 04, 05, 06 |
| One 2-hour final exam | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. All contents are examinable. | 60 | 01, 02, 03, 04, 05, 06 |