acc5tax taxation
TAXATION
ACC5TAX
2017
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-ordinatorLivia Gonzaga
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 (current edition) | Oxford University Press |
| Readings | Australian Taxation Study Manual: Questions and suggested solutions | Prescribed | Devos, K., Nethercott, L., Gonzaga, L. & Richardson, G. (current edition) | Oxford University Press |
| Readings | Foundations of Taxation Law | Prescribed | Barkoczy (current edition) | Oxford University Press |
Graduate capabilities & intended learning outcomes
01. In groups as well as individually, 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:
- At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
- 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)
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:
- At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
- 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)
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:
- At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
- Related graduate capabilities and elements:
- 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)
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:
- At the weekly lectures students will be presented with a broad perspective of the Australian tax system. At the weekly tutorials, students will undertake case studies focusing on the topics presented in the lecture and discussing the application of tax legislation and case law principles. In the individual assignment, students will have the opportunity to apply critical thinking, academic writing, creative problem solving and inquiry/research skills to provide a solution to a case-based problem, interpreting and applying tax provisions. Finally, in the quizzes students will be able to solve problem-based cases applying legislation and case law as well as performing any necessary calculations.
- 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)
Subject options
Select to view your study options…
Melbourne, 2017, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
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 2-hour final examination | Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject. | 60 | 01, 02, 03, 04 |
| One individual case study | Individual case study including essay and calculation components, equivalent to 2,000 words. | 20 | 01, 02, 03, 04 |
| One online quiz | One online multiple choice quiz.. (1000 words equivalent) | 20 | 01, 02, 03, 04 |
Melbourne, 2017, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
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 2-hour final examination | Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject. | 60 | 01, 02, 03, 04 |
| One individual case study | Individual case study including essay and calculation components, equivalent to 2,000 words. | 20 | 01, 02, 03, 04 |
| One online quiz | One online multiple choice quiz.. (1000 words equivalent) | 20 | 01, 02, 03, 04 |
Sydney, 2017, Study Period 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
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 2-hour final examination | Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject. | 60 | 01, 02, 03, 04 |
| One individual case study | Individual case study including essay and calculation components, equivalent to 2,000 words. | 20 | 01, 02, 03, 04 |
| One online quiz | One online multiple choice quiz.. (1000 words equivalent) | 20 | 01, 02, 03, 04 |
Sydney, 2017, Study Period 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
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 2-hour final examination | Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject. | 60 | 01, 02, 03, 04 |
| One individual case study | Individual case study including essay and calculation components, equivalent to 2,000 words. | 20 | 01, 02, 03, 04 |
| One online quiz | One online multiple choice quiz.. (1000 words equivalent) | 20 | 01, 02, 03, 04 |
Sydney, 2017, Study Period 3, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLivia Gonzaga
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 2-hour final examination | Hurdle requirement: Students must achieve at least 45% in the final examination as well as an overall of 50% in order to pass the subject. | 60 | 01, 02, 03, 04 |
| One individual case study | Individual case study including essay and calculation components, equivalent to 2,000 words. | 20 | 01, 02, 03, 04 |
| One online quiz | One online multiple choice quiz.. (1000 words equivalent) | 20 | 01, 02, 03, 04 |