acc3tax taxation
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
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Australian Taxation Study Manual | Prescribed | Nethercott, Richardson and Devos | CURRENT EDN, C.C.H. AUSTRALIA LTD. |
| Readings | Core Tax Legislation and Study Guide | Prescribed | Barkoczy | CURRENT EDN., C.C.H. AUSTRALIA LTD. |
| Readings | Foundations of Taxation Law | Prescribed | Barkoczy | CURRENT 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…
Albury-Wodonga, 2015, Semester 1, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
Scheduled Online ClassWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Bendigo, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
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 online.
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 | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Dandenong, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
Class requirements
SeminarWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Dandenong, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
Class requirements
LectureWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Melbourne, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
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 online.
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 | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture other recurrence on weekdays during the day from week 31 to week 43 and delivered via online.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Mildura, 2015, Summer 2, Night
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorJeremy Seward
Class requirements
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Shepparton, 2015, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
TutorialWeek: 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.
LectureWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Sydney, 2015, ACN Semester 1, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
LectureWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |
Sydney, 2015, ACN Semester 2, Day
Overview
Online enrolmentNo
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
LectureWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Group assignment | 20 | 01, 02, 03, 04, 05 | |
| one 1-hour mid semester test | 20 | 01, 02, 03, 04, 05 | |
| one 2-hour final examination | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject | 60 |