TAXATION

ACC5TAX

2019

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-ordinatorLuke Xu

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 (2019)Oxford University Press
ReadingsAustralian Taxation Study Manual: Questions and suggested solutionsPrescribedNethercott, Devos & Gonzaga (2018 for Sem 1 cohort; 2019 for Sem 2 cohort)Oxford University Press
ReadingsFoundations of Taxation LawPrescribedBarkoczy (2019)Oxford University Press

Graduate capabilities & intended learning outcomes

01. 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:
Tutorial/Workshop exercises. In-class individual test. Assignment. Final Exam.
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)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)

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:
Tutorial/Workshop exercises. In-class individual test. Assignment. Final Exam.
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)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)

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:
Tutorial/Workshop exercises. In-class individual test. Assignment. Final Exam.
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)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)

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:
Tutorial/Workshop exercises. In-class individual test. Assignment. Final Exam.
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)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne, 2019, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLuke Xu

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 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04
One group assignment case study (equivalent to 1,000 words per student)Group assignment comprising a case study including essay and calculation components. Groups of 2 students.20 01, 02, 03, 04
One in-class test (equivalent to 1,000 words)Individual closed book in-class assessment. Test will comprise a combination of essay-based and calculation questions/cases.20 01, 02, 03, 04

Melbourne, 2019, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLuke Xu

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 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04
One group assignment case study (equivalent to 1,000 words per student)Group assignment comprising a case study including essay and calculation components. Groups of 2 students.20 01, 02, 03, 04
One in-class test (equivalent to 1,000 words)Individual closed book in-class assessment. Test will comprise a combination of essay-based and calculation questions/cases.20 01, 02, 03, 04

Melbourne, 2019, Winter semester, Day

Overview

Online enrolmentNo

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLuke Xu

Class requirements

WorkShop Week: 27 - 28
Six 4.0 hours workshop per study period on weekdays during the day from week 27 to week 28 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
One 3-hour final examination (equivalent to 3,000 words)060 01, 02, 03, 04
One individual assignment case study (equivalent to 1,000 words)Individual assignment comprising a case study including essay and calculation components. Assignment case will be given before the Workshop starts. Questions will be given in the first Workshop.020 01, 02, 03, 04
Two in-class tests (equivalent to 1,000 words)Individual closed book in-class assessments during the Workshops. One in Week 1 and one in Week 2. These tests will comprise a combination of theory-based and calculation questions/cases. Eact test is approximately 30 minutes in length.020 01, 02, 03, 04

Sydney, 2019, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLuke Xu

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 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04
One group assignment case study (equivalent to 1,000 words per student)Group assignment comprising a case study including essay and calculation components. Groups of 2 students.20 01, 02, 03, 04
One in-class test (equivalent to 1,000 words)Individual closed book in-class assessment. Test will comprise a combination of essay-based and calculation questions/cases.20 01, 02, 03, 04

Sydney, 2019, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorLuke Xu

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 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04
One group assignment case study (equivalent to 1,000 words per student)Group assignment comprising a case study including essay and calculation components. Groups of 2 students.20 01, 02, 03, 04
One in-class test (equivalent to 1,000 words)Individual closed book in-class assessment. Test will comprise a combination of essay-based and calculation questions/cases.20 01, 02, 03, 04

Sydney, 2019, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

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 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04
One group assignment case study (equivalent to 1,000 words per student)Group assignment comprising a case study including essay and calculation components. Groups of 2 students.20 01, 02, 03, 04
One in-class test (equivalent to 1,000 words)Individual closed book in-class assessment. Test will comprise a combination of essay-based and calculation questions/cases.20 01, 02, 03, 04