acc5tax taxation

TAXATION

ACC5TAX

2014

Credit points: 15

Subject outline

In this subject students will gain an understanding of the operation of the Australian income tax system. On completion of this unit, students should be able to understand the operation of the income tax legislation, recognise and apply the principles used by the courts to determine whether an amount is included in assessable income, or is an allowable deduction. Students should understand the taxation of capital gains and fringe benefits and identify the income of tax implications arising from the use of taxable entities such as partnerships and trusts. Students should gain an understanding of the administrative aspects of taxation and the evaluation of taxable income and tax payable for all types of taxable entities.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorLeslie Nethercott

Available to Study Abroad StudentsNo

Subject year levelYear Level 5 - Masters

Exchange StudentsNo

Subject particulars

Subject rules

PrerequisitesN/A

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	2011 Core Tax Legislation and Study Guide (14th ed)	Prescribed	Barkoczy	CCH AUSTRALIA 2011
Readings	Australian Taxation Study Manual: Questions and suggested solutions	Prescribed	Devos, K., Nethercott, L. & Richardson, G.	20TH EDN.
Readings	Foundations of Taxation Law	Prescribed	Barkoczy	CCH AUSTRALIA 2011

Subject options

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Melbourne, 2014, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLeslie Nethercott

Class requirements

LectureWeek: 10 - 22
One 2.0 hours lecture other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 10 - 22
One 1.0 hours tutorial other recurrence on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment element	Comments	%
one 2-hour final examination	Hurdle requirement: Students must achieve at least 40% in the final examination to pass the subject	70
one group case assignment	2,000-words per student	20
one tutorial question	equivalent to 1,000-words	10

Melbourne, 2014, Semester 2, Day