ACC3TAX
TAXATION
ACC3TAX
2018
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 be introduced 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 Leite Baron 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 conditions Subject required for Accounting accreditation in courses: LMPACPA, LBBC, LBC and where course is accredited with an accounting Major.
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:
- 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(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and 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(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and 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(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and 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(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Discipline -Specific Knowledge and 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(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Discipline -Specific Knowledge and 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(Writing,Quantitative Literacy)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
Select to view your study options…
Albury-Wodonga, 2018, 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Bendigo, 2018, 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Dandenong, 2018, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Dandenong, 2018, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2018, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2018, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Mildura, 2018, 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 two hour weekly F2F interactive workshop supported by online lectures and other learning tools under the blended delivery mode."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Shepparton, 2018, 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 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 element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Sydney, 2018, Study Period 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron 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.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Sydney, 2018, Study Period 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron Gonzaga
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.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |
Sydney, 2018, Study Period 3, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Leite Baron Gonzaga
Class requirements
WorkShop
One 2.0 hours workshop per week on weekdays during the day and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Two workshops (in-class) tests. (Broadly equivalent to 500 words). | Two short in-class (workshop) tests will be conducted throughout the semester between week 3 and week 11 using mini problem based questions. Collectively these tests will count for 15% of the total assessment for this subject. | 15 | 02, 03, 04, 05 |
| Group Assignment (500 words equivalent). | One 500 word/student group assignment. Groups consist of a maximum of three students. | 15 | 02, 03, 04 |
| One 2-hour final exam (2000 words equivalent). | To 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) (500 words equivalent). | From a total of three on-line quizzes, the best 2 results will be counted towards the final grade. This allows students to either drop the quizzes with the lowest score, or allow some consideration for students unable to complete all quizzes. | 10 | 01, 02, 03, 04, 05, 06 |