acc3tax taxation
TAXATION
ACC3TAX
2019
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-ordinatorLuke Xu
Available to Study Abroad StudentsNo
Subject year levelYear Level 3 - UG
Exchange StudentsNo
Subject particulars
Subject rules
Prerequisites (LST2BSL and ACC1AMD) or (ACC1AMD and enroled in LZCOML)
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 | Australian Taxation Study Manual | Prescribed | Nethercott, Devos & Gonzaga (2018 for Sem 1 cohort; 2019 for Sem 2 cohort) | Oxford University Press |
| Readings | Core Tax Legislation and Study Guide | Prescribed | Barkoczy (2019) | Oxford University Press |
| Readings | Foundations of Taxation Law | Prescribed | Barkoczy (2019) | Oxford University Press |
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.
- Activities:
- Engaging 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 sstudies; completing the online test and the group assignment.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative 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)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
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.
- Activities:
- Engaging 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 sstudies; completing the online test and the group assignment.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative 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)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
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.
- Activities:
- Engaging 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 sstudies; completing the online test and the group assignment.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative 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)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
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.
- Activities:
- Engaging 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 sstudies; completing the online test and the group assignment.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative 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)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
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.
- Activities:
- Engaging 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 sstudies; completing the online test and the group assignment.
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing,Quantitative Literacy)
- Literacies and Communication Skills(Writing,Quantitative 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)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Autonomy and independence,Ethical behaviour)
Subject options
Select to view your study options…
Albury-Wodonga, 2019, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Bendigo, 2019, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Chisholm311(ChisholmInstitute), 2019, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Chisholm311(ChisholmInstitute), 2019, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 31 - 43
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Melbourne, 2019, Semester 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 31 - 43
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Melbourne, 2019, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Mildura, 2019, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Shepparton, 2019, Semester 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorMaria Zito
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Sydney, 2019, Study Period 1, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 10 - 22
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Sydney, 2019, Study Period 2, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorLuke Xu
Class requirements
WorkShopWeek: 31 - 42
One 2.0 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 element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |
Sydney, 2019, Study Period 3, Blended
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorBalachandran Muniandy
Class requirements
WorkShop
One 2.0 hours workshop per week on weekdays during the day and delivered via face-to-face.
"One two-hour weekly face-to-face workshop supported by online and hardcopy materials."
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One online test (equivalent to 1,000 words) | Test administered via LMS Quiz Tool. | 20 | 01, 02, 03 |
| One group assignment case study (equivalent to 500 words per student) | Assignment to be submitted via LMS/Turnitin tool. Groups of 2 students. | 20 | 01, 02, 03, 04 |
| 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. | 60 | 01, 02, 03, 04, 05 |