acc5tax taxation
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
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Core Tax Legislation and Study Guide | Prescribed | Barkoczy (2019) | Oxford University Press |
| Readings | Australian Taxation Study Manual: Questions and suggested solutions | Prescribed | Nethercott, Devos & Gonzaga (2018 for Sem 1 cohort; 2019 for Sem 2 cohort) | Oxford University Press |
| Readings | Foundations of Taxation Law | Prescribed | Barkoczy (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…
Melbourne, 2019, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
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 face-to-face.
Assessments
| Assessment element | Comments | % | 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
TutorialWeek: 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.
LectureWeek: 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 element | Comments | % | 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
WorkShopWeek: 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 element | Comments | % | 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
LectureWeek: 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.
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.
Assessments
| Assessment element | Comments | % | 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
LectureWeek: 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.
TutorialWeek: 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 element | Comments | % | 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 element | Comments | % | 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 |