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acc3tax taxation

TAXATION

ACC3TAX

2020

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 problem solving, application-based approach is taken to the subject matter. You will study the general concepts of assessable income and allowable deductions (including substantiation provisions) and be introduced 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 the basic aspects of tax administration and assessments, objections and appeals.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJohn Harrison

Available to Study Abroad/Exchange StudentsNo

Subject year levelYear Level 3 - UG

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

Subject particulars

Subject rules

Prerequisites (LST2BSL and ACC1AMD) or (ACC1AMD and enrolled in LZCOML)

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Learning resources

Foundations of Taxation Law

Resource TypeBook

Resource RequirementPrescribed

AuthorBarkoczy

Year2019

Edition/VolumeN/A

PublisherOxford University Press

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Australian Taxation Study Manual

Resource TypeBook

Resource RequirementPrescribed

AuthorNethercott, Devos & Gonzaga

Year2018

Edition/VolumeN/A

PublisherOxford University Press

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Core Tax Legislation and Study Guide

Resource TypeBook

Resource RequirementPrescribed

AuthorBarkoczy

Year2019

Edition/VolumeN/A

PublisherOxford University Press

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
PERSONAL AND PROFESSIONAL - Adaptability and Self-Management
PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility
PERSONAL AND PROFESSIONAL - Leadership and Teamwork

Intended Learning Outcomes

01. Analyse the basic principles of Australian taxation and its related case law, including examination and application of tax residency criteria, as well as identification and application of principles of ordinary and statutory income.
02. Analyse and apply the principles and rules regarding specific items that further extend ordinary and statutory income, such as taxation of compensation, superannuation benefits, employment termination payments, capital gains and fringe benefits, for the purposes of calculating final tax liability.
03. Analyse and apply the tax principles and rules concerning general and specific deductions, as well as tax offsets for the purposes of calculating final tax liability of individuals and businesses.
04. Analyse and apply the basic tax principles and rules regarding the taxation of partnerships and trusts as well as the tax implications for partners and trust beneficiaries.
05. Appreciate the basic principles of tax administration, tax compliance and tax dispute, applying taxation principles and rules to provide advice on case-based scenarios, including the calculation of final tax liability.

Subject options

Select to view your study options…

Start date between: and    Key dates

Albury-Wodonga, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Bendigo, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorMaria Zito

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Mildura, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Shepparton, 2020, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorMaria Zito

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays at night from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2020, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 31 - 43
One 2.00 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2020, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 31 - 43
One 2.00 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2020, Study period 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 hours workshop per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2020, Study period 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 31 - 42
One 2.00 hours workshop per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
One two-hour weekly face-to-face workshop supported by online and hardcopy materials.

Assessments

Assessment elementCommentsCategoryContributionHurdle%ILO*

One online test (equivalent to 1,000 words). Test administered via LMS Quiz Tool.

N/AOther written examIndividualNo20SILO1, SILO2, SILO3

One group assignment case study (equivalent to 500 words per student). Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students.

N/AAssignmentGroupNo20SILO1, SILO2, SILO3, SILO4

One 3-hour final exam (equivalent to 3,000 words). Individual assessment. Student must achieve an overall aggregate total of 50% in order to pass the subject.

N/ACentral examIndividualNo60SILO1, SILO2, SILO3, SILO4, SILO5