TAXATION

ACC3TAX

2015

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 StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites LST2LBA 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 DevosCURRENT EDN, C.C.H. AUSTRALIA LTD.
ReadingsCore Tax Legislation and Study GuidePrescribedBarkoczyCURRENT EDN., C.C.H. AUSTRALIA LTD.
ReadingsFoundations of Taxation LawPrescribedBarkoczyCURRENT EDN, C.C.H. AUSTRALIA LTD.

Graduate capabilities & intended learning outcomes

01. Demonstrate an understanding of the operation of the Australian income tax system as it applies to case studies

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

02. Calculate taxable income and tax payable for all types of taxable entities as they apply to case studies

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

03. Demonstrate an understanding of legal principles and their applications (specifically in relation to taxation and case law) as they apply to case studies

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

04. Formulate appropriate business strategies to ensure compliance with the provisions of the relevant legislation and demonstrate an awareness of the potential effects of possible changes in taxation law

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

05. Interpret the relevant legislation and common law to make informed judgements on issues relating to the Australian taxation framework, policy issues and the application of the law in a variety of business/taxable entities such as partnerships, companies and trusts

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

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2015, Semester 1, Online

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

Scheduled Online Class Week: 10 - 22
One 3.0 hours scheduled online class per week on weekdays from week 10 to week 22 and delivered via online.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Bendigo, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

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

Tutorial Week: 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 elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Dandenong, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

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

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Dandenong, 2015, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Melbourne, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

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

Tutorial Week: 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 elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Melbourne, 2015, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via online.

Tutorial Week: 31 - 43
One 1.0 hours tutorial other recurrence on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Mildura, 2015, Summer 2, Night

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJeremy Seward

Class requirements

Lecture Week: 02 - 07
Two 2.0 hours lecture per week on weekdays at night from week 02 to week 07 and delivered via face-to-face.

Tutorial Week: 02 - 07
One 2.0 hours tutorial per week on weekdays at night from week 02 to week 07 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Shepparton, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

Tutorial Week: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via online.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Sydney, 2015, ACN Semester 1, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

Lecture Week: 11 - 22
One 3.0 hours lecture other recurrence on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60

Sydney, 2015, ACN Semester 2, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorMaria Zito

Class requirements

Lecture Week: 28 - 39
One 3.0 hours lecture other recurrence on weekdays during the day from week 28 to week 39 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Group assignment20 01, 02, 03, 04, 05
one 1-hour mid semester test20 01, 02, 03, 04, 05
one 2-hour final examinationHurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject60