Program Overview

Unit of Study ACC92212 - Taxation Law and Practice (Online)

Unit Snapshot

• Unit type: PG Coursework Unit
• Credit points: 12
• AQF level: 8
• Level of learning: Intermediate
• Former School/College: Former School of Business and Tourism
• Pre-requisites: 12 credit points in any SCU units
• Anti-requisites: ACC00717 - Taxation Law and Practice
• Enrolment information: It is strongly recommended that you have an ability to read and navigate pieces of legislation applicable to Australian Law.

Unit Description

Introduces the law and practice of taxation in Australia and the inter-relationship between these taxes. Its major emphasis is on income tax as it applies to individual taxpayers, as this is currently the most significant source of government revenue. Other taxes that will be studied include fringe benefits tax, the goods and services tax (GST) and state-based taxes. By studying this unit students should attain a basic working knowledge of the taxes that are levied by the Commonwealth and the States. This unit also examines some of the principles behind a good tax system and the administration of taxation in Australia.

Unit Content

• Topic 1: Overview of Australian income tax, Tax Accounting and Tax Planning
• Topic 2: Assessable Income and Exempt Income
• Topic 3: General deductions and Specific Deductions
• Topic 4: Capital Gains Tax
• Topic 5: Taxation of individuals, including Administrative Aspects
• Topic 6: Goods and Services Tax, Fringe Benefits Tax and Other Taxes

Availabilities

Not currently available in 2015

Learning Outcomes and Graduate Attributes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes.

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

1. discuss and communicate the principles of a good tax system and apply these principles to your analyses of changes to the tax system in Australia
2. develop a working knowledge of the law and practice of income taxation as it applies to individual and small business taxpayers in Australia
3. explain the principles and application of fringe benefits tax and the goods and services tax (GST)
4. solve specific taxation questions and problems in the areas of income tax, fringe benefits tax and goods and services tax with reference to the legislation and judicial cases.

Graduate Attributes

• GA1: Intellectual rigour - A commitment to excellence in all scholarly and intellectual activities, including critical judgement.
• GA2: Creativity - An ability to develop creative and effective responses to intellectual, professional and social challenges.
• GA3: Ethical practice - A commitment to sustainability and high ethical standards in social and professional practices.
• GA4: Knowledge of a discipline - Command of a discipline to enable a smooth transition and contribution to professional and community settings.
• GA5: Lifelong learning - The ability to be responsive to change, to be inquiring and reflective in practice, through information literacy and autonomous, self-managed learning.
• GA6: Communication and social skills - The ability to communicate and collaborate with individuals, and within teams, in professional and community settings.
• GA7: Cultural competence - An ability to engage with diverse cultural and Indigenous perspectives in both global and local settings.