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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.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: John Harrison

Available to Study Abroad/Exchange Students: No

Subject year level: Year Level 3 - UG

Available as Elective: No

Learning Activities: N/A

Capstone subject: No

Subject particulars

Subject rules

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

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Foundations of Taxation Law

Resource Type: Book

Resource Requirement: Prescribed

Author: Barkoczy

Year: 2019

Edition/Volume: N/A

Publisher: Oxford University Press

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Australian Taxation Study Manual

Resource Type: Book

Resource Requirement: Prescribed

Author: Nethercott, Devos & Gonzaga

Year: 2018

Edition/Volume: N/A

Publisher: Oxford University Press

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Core Tax Legislation and Study Guide

Resource Type: Book

Resource Requirement: Prescribed

Author: Barkoczy

Year: 2019

Edition/Volume: N/A

Publisher: Oxford University Press

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/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.

Albury-Wodonga, 2020, Semester 1, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Maria 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: Maria 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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 enrolment: Yes

Maximum enrolment size: N/A

Subject Instance Co-ordinator: John 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