TAXATION

ACC5TAX

2017

Credit points: 15

Subject outline

In this subject you will gain an understanding of the operation of the Australian income tax system. On completion of this unit, you should be able to understand the operation of the income tax legislation as well as recognise and apply case-law principles to determine the taxable income and calculate the tax liability of a tax entity. In addition, you should be able to understand and apply Capital Gains Tax and Fringe Benefits Tax provisions. Finally, you should understand and be able to analyse the income tax implications arising from the use of taxable entities such as companies, partnerships and trusts, as well as have a general understanding about tax administration and anti-avoidance provisions.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorLivia Gonzaga

Available to Study Abroad StudentsNo

Subject year levelYear Level 5 - Masters

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites ACC5AFM and LST5CCL

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsCore Tax Legislation and Study GuidePrescribedBarkoczy (current edition)Oxford University Press
ReadingsAustralian Taxation Study Manual: Questions and suggested solutionsPrescribedDevos, K., Nethercott, L., Gonzaga, L. & Richardson, G. (current edition)Oxford University Press
ReadingsFoundations of Taxation LawPrescribedBarkoczy (current edition)Oxford University Press

Graduate capabilities & intended learning outcomes

01. In groups as well as individually, engage critical thinking, problem solving, research and ethical behaviour skills to write meaningful tax advice responding to problem-based situations, involving the interpretation and application of relevant tax legislation and legal principles.

Activities:
At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural 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)

02. Analyse and interpret data and apply legislation and case law to calculate tax liabilities regarding income tax, capital gains tax and fringe benefits tax in relation to individuals, companies, partnerships and trusts.

Activities:
At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural 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)

03. Understand and apply legal provisions related to tax administration to ensure compliance and analyse the legal consequences arising from the application of anti-avoidance legislation.

Activities:
At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

04. Interpret the relevant legislation and case law to make informed judgements on issues relating to the Australian taxation framework, policy issues and the application of Tax Law.

Activities:
At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural Literacy)
Literacies and Communication Skills (Writing,Quantitative Literacy,Cultural 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)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2017, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

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 face-to-face.

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationHurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject.60 01, 02, 03, 04
One individual case studyIndividual case study including essay and calculation components, equivalent to 2,000 words.20 01, 02, 03, 04
One online quizOne online multiple choice quiz.. (1000 words equivalent)20 01, 02, 03, 04

Melbourne, 2017, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

Tutorial Week: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

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

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationHurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject.60 01, 02, 03, 04
One individual case studyIndividual case study including essay and calculation components, equivalent to 2,000 words.20 01, 02, 03, 04
One online quizOne online multiple choice quiz.. (1000 words equivalent)20 01, 02, 03, 04

Sydney, 2017, Study Period 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 per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

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.

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationHurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject.60 01, 02, 03, 04
One individual case studyIndividual case study including essay and calculation components, equivalent to 2,000 words.20 01, 02, 03, 04
One online quizOne online multiple choice quiz.. (1000 words equivalent)20 01, 02, 03, 04

Sydney, 2017, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

Lecture Week: 31 - 42
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Tutorial Week: 32 - 42
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 42 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationHurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject.60 01, 02, 03, 04
One individual case studyIndividual case study including essay and calculation components, equivalent to 2,000 words.20 01, 02, 03, 04
One online quizOne online multiple choice quiz.. (1000 words equivalent)20 01, 02, 03, 04

Sydney, 2017, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLivia Gonzaga

Class requirements

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

Tutorial
One 1.0 hours tutorial per week on weekdays during the day and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 2-hour final examinationHurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject.60 01, 02, 03, 04
One individual case studyIndividual case study including essay and calculation components, equivalent to 2,000 words.20 01, 02, 03, 04
One online quizOne online multiple choice quiz.. (1000 words equivalent)20 01, 02, 03, 04