TAXATION

ACC3TAX

2021

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 ElectiveYes

Learning ActivitiesEngaging with the online and hard-copy materials in preparation for workshops; attending and actively participating in workshop activities; writing answers to the workshop questions and case studies; completing the online test and the group assignment.

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

Readings

Foundations of Taxation Law

Resource TypePrescribed

Resource RequirementN/A

AuthorBarkoczy

Year2019

Edition/Volume11th

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 TypePrescribed

Resource RequirementN/A

AuthorNethercott, Devos & Gonzaga

Year2020

Edition/Volume30th

PublisherOxford University Press

ISBN9780190329365

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Core Tax Legislation and Study Guide

Resource TypePrescribed

Resource RequirementN/A

AuthorBarkoczy

Year2019

Edition/Volume22nd

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

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, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Bendigo, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Mildura, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Shepparton, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2021, Semester 1, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 10 - 22
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Melbourne (Bundoora), 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 31 - 43
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Chisholm 311 (Chisholm Institute), 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 31 - 43
One 2.00 h 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5

Sydney, 2021, Semester 2, Blended

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

WorkShopWeek: 30 - 42
One 2.00 h workshop per week on weekdays during the day from week 30 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/AOtherIndividualNo20 SILO1, 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/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 X online test (equivalent to 3,000 words)

N/AOtherIndividualNo60 SILO1, SILO2, SILO3, SILO4, SILO5