6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Coordinator(s)
Unit guides
Synopsis
An introduction to Australian taxation. Topics include residence and source; assessable income; capital gains; GST; FBT; allowable deductions including repairs, deductions and substantiation; and individual offsets.
Outcomes
The learning goals associated with this unit are to:
- analyse and apply the appropriate taxation law for various income and capital receipts in given fact situations
- analyse and apply the appropriate taxation law for both general and specific deductions in given fact situations
- calculate the taxable value of various fringe benefits
- describe the major elements of both the GST and CGT
To practice as a tax agent in Australia, an accountant is expected to be registered with the Commonwealth Government's Tax Practioner's Board. This unit has been designed to satisfy the requirements of one of two courses required for registration as a tax agent.
Assessment
First semester -
Within semester assessment: 30% + Examination: 70%
Second semester -
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information