TAXATION

ACC3TAX

2017

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-ordinatorLivia Gonzaga

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

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAustralian Taxation Study ManualPrescribedNethercott, Richardson and Devos, Current editionOxford University Press
ReadingsCore Tax Legislation and Study GuidePrescribedBarkoczy, Current editionOxford University Press
ReadingsFoundations of Taxation LawPrescribedBarkoczy, Current editionOxford 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:
Completing the reading program; attempting the online learning activities relevant to the topic; consideration of pre-assigned questions; attending the weekly seminars and participating in weekly class discussions; consideration of impromptu questions and completing the online test/quiz.
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

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:
Completing the reading program; attempting the online learning activities relevant to the topic; consideration of pre-assigned questions; attending the weekly seminars and participating in weekly class discussions; consideration of impromptu questions; completing the online test/quiz; completing the individual written task and the group assignment.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Personal and Professional Skills
Discipline -Specific Knowledge and Skills

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:
Completing the reading program; attempting the online learning activities relevant to the topic; consideration of pre-assigned questions; attending the weekly seminars and participating in weekly class discussions; consideration of impromptu questions; completing the online test/quiz; completing the individual written task and the group assignment.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Personal and Professional Skills
Discipline -Specific Knowledge and Skills

04. Analyse, identify and apply taxation legislation as it relates to different taxable entities such as individual taxpayers, partnerships, trusts and companies.

Activities:
Completing the reading program; attempting the online learning activities relevant to the topic; consideration of pre-assigned questions; attending the weekly seminars and participating in weekly class discussions; consideration of impromptu questions; completing the online test/quiz; completing the individual written task and the group assignment.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Personal and Professional Skills
Discipline -Specific Knowledge and Skills

05. Calculate the final income tax and fringe benefits tax liability as it applies to basic taxable entities.

Activities:
Completing the reading program; attempting the online learning activities relevant to the topic; consideration of pre-assigned questions; attending the weekly seminars and participating in weekly class discussions; consideration of impromptu questions and completing the online test/quiz.
Related graduate capabilities and elements:
Literacies and Communication Skills
Literacies and Communication Skills
Discipline -Specific Knowledge and Skills

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:
Completing the reading program; attempting the online learning activities relevant to the topic; consideration of pre-assigned questions; attending the weekly seminars and participating in weekly class discussions and consideration of impromptu questions.
Related graduate capabilities and elements:
Literacies and Communication Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Discipline -Specific Knowledge and Skills

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2017, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

WorkShop Week: 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Bendigo, 2017, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

WorkShop Week: 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Dandenong, 2017, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

WorkShop Week: 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Dandenong, 2017, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

WorkShop Week: 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Melbourne, 2017, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

WorkShop Week: 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Melbourne, 2017, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

WorkShop Week: 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Mildura, 2017, Summer 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJeremy Seward

Class requirements

WorkShop Week: 02 - 03
Seven 3.0 hours workshop per study period on any day including weekend during the day from week 02 to week 03 and delivered via face-to-face.

WorkShop Week: 02 - 03
One 4.0 hours workshop per study period on any day including weekend during the day from week 02 to week 03 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Shepparton, 2017, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

WorkShop Week: 10 - 22
One 2.0 hours workshop per week on weekdays at night from week 10 to week 22 and delivered via face-to-face.
"One two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Sydney, 2017, Study Period 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

WorkShop Week: 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.

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Sydney, 2017, Study Period 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

WorkShop Week: 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.

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06

Sydney, 2017, Study Period 3, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

WorkShop
One 2.0 hours workshop per week on weekdays during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 500 word problem based assignment15 02, 03, 04, 05
Group AssignmentOne 500 word/student group assignment. Groups consist of of 3-5 students.15 02, 03, 04
One 2-hour final examTo be eligible to receive a passing grade for the subject, a student must achieve 45% or more in the final examination. A student who has obtained a mark of 50% or greater for a subject, but achieves less than 45% in the final exam, will be awarded an additional supplementary assessment.60 02, 03, 04, 05, 06
On-line Quizzes (30 minutes)Best two of three will contribute to final grade, 10 question On-line Quizzes. 30 minutes.10 01, 02, 03, 04, 05, 06