Program Overview

Unit of Study ACCT2001 Taxation (2025)

Unit Snapshot

• Unit type: UG Coursework Unit
• Credit points: 12
• Faculty & College: Faculty of Business, Law and Arts
• Placement: No

Unit Description

Introduces students to Commonwealth and State taxation laws, with emphasis on general principles and application of each type of tax, and the role of the accountant in the administration of taxation. Students will engage in teacher-directed activities that focus on the interpretation, application, and communication of particular taxation aspects governing different entity types.

Unit Content

This unit develops a working knowledge of Australian Taxation legislation including:

• Fringe Benefits Tax Assessment Act 1986
• The Income Tax Assessment Act 1936 (ITAA 1936)
• The Income Tax Assessment Act 1997 (ITAA 1997)
• Taxation Administration Act 1953 (TAA 1953)
• Tax Agent Services Act 2009 (TASA) Module 1: Overview of Australian income tax including payroll systems Module 2: Income Tax Concepts of income including statutory income and exempt income, and capital gains Module 3: Income Tax General and specific deductions Module 4: Goods and services tax Module 5: Fringe benefits tax Module 6: Income Tax Taxation of entities, taxation administration, tax agents, and ethics

Availabilities

• Location: Gold Coast, Melbourne, Online, Perth, Sydney
• Domestic and International availability varies by location and term

Learning Outcomes

On completion of this unit, students should be able to:

• Develop and apply solutions for various types of taxation including goods and services tax (GST), fringe benefits, and capital gains tax
• Apply the principles of the law and practice of income taxation in Australia as it applies to individual and small business taxpayers
• Perform tax calculations and communicate tax information to clients
• Explain the statutory and professional obligations of a tax agent and how they influence practitioner conduct in routine contexts

Teaching and Assessment

Teaching methods and assessments vary by location but include:

• Workshops
• Tutorials
• Exam: Proctored, Online (50%)
• Case study (25%)
• Presentation (25%)

Prescribed Learning Resources

• Prescribed Text: Principles of Taxation Law, Thomson Reuters (Professional) Australia Limited, Pyrmont, NSW
• Students need access to a computer with a webcam and reliable internet connection for the proctored online exam

Fee Information

• Domestic: Commonwealth Supported courses and Fee paying courses
• International: Please check the international course and fee list

Courses that Offer this Unit

• Associate Degree of Law (Paralegal Studies) (2025, 2026)
• Bachelor of Legal and Justice Studies (2025, 2026)
• Bachelor of Business (2025)
• Bachelor of Psychological Science, Bachelor of Business (2025)
• Bachelor of Information Technology, Bachelor of Business (2025)