TAXATION

ACC5TAX

2021

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-ordinatorJohn Harrison

Available to Study Abroad/Exchange StudentsNo

Subject year levelYear Level 5 - Masters

Available as ElectiveYes

Learning ActivitiesTutorial/workshop exercises, in-class individual test, assignment and final exam.

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesACC5AFM AND LST5CCL

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

Core Tax Legislation and Study Guide

Resource TypePrescribed

Resource RequirementN/A

AuthorBarkoczy

Year2020

Edition/Volume23rd

PublisherOxford University Press

ISBN9780190323776

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Australian Taxation Study Manual: Questions and suggested solutions

Resource TypePrescribed

Resource RequirementN/A

AuthorNethercott, Devos & Gonzaga

Year2019

Edition/Volume29th

PublisherOxford University Press

ISBN9780190322922

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Foundations of Taxation Law

Resource TypePrescribed

Resource RequirementN/A

AuthorBarkoczy

Year2020

Edition/Volume12th

PublisherOxford University Press

ISBN9780190323783

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. 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.
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.
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.
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.

Subject options

Select to view your study options…

Start date between: and    Key dates

Melbourne (Bundoora), 2021, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

LectureWeek: 10 - 22
One 2.00 h lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 11 - 22
One 1.00 h tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

One 3-hour final examination (equivalent to 3,000 words)

N/ACentral examIndividualNo60 SILO1, SILO2, SILO3, SILO4

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.

N/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 online tests (equivalent to 500 words each)

N/AOther written examIndividualNo20 SILO1, SILO2, SILO3, SILO4

Sydney, 2021, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

LectureWeek: 10 - 22
One 2.00 h lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

TutorialWeek: 11 - 22
One 1.00 h tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

One 3-hour final examination (equivalent to 3,000 words)

N/ACentral examIndividualNo60 SILO1, SILO2, SILO3, SILO4

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.

N/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 online tests (equivalent to 500 words each)

N/AOther written examIndividualNo20 SILO1, SILO2, SILO3, SILO4

Melbourne (Bundoora), 2021, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

LectureWeek: 30 - 42
One 2.00 h lecture per week on weekdays during the day from week 30 to week 42 and delivered via face-to-face.

TutorialWeek: 31 - 42
One 1.00 h tutorial per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

One 3-hour final examination (equivalent to 3,000 words)

N/ACentral examIndividualNo60 SILO1, SILO2, SILO3, SILO4

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.

N/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 online tests (equivalent to 500 words each)

N/AOther written examIndividualNo20 SILO1, SILO2, SILO3, SILO4

Sydney, 2021, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorJohn Harrison

Class requirements

LectureWeek: 30 - 42
One 2.00 h lecture per week on weekdays during the day from week 30 to week 42 and delivered via face-to-face.

TutorialWeek: 31 - 41
One 1.00 h tutorial per week on weekdays during the day from week 31 to week 41 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*

One 3-hour final examination (equivalent to 3,000 words)

N/ACentral examIndividualNo60 SILO1, SILO2, SILO3, SILO4

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.

N/AAssignmentGroupNo20 SILO1, SILO2, SILO3, SILO4

2 online tests (equivalent to 500 words each)

N/AOther written examIndividualNo20 SILO1, SILO2, SILO3, SILO4