Available in 2024
Course code

ACFI3004

Units

10 units

Level

3000 level

Course handbook

Description

Australian income tax laws are complex and varied. This course introduces you to Australian income tax laws with specific emphasis on how to access provisions of the Income Tax Assessment Act and related legislation. In addition you will be made aware of tax planning issues that exist in relevant personal and business environments and learn how to communicate technical tax information to client taxpayers. The graduate qualities of problem solving, decision making and communication are enhanced throughout.


Availability2024 Course Timetables

Singapore PSB

  • Trimester 1 - 2024 (Singapore)
  • Trimester 2 - 2024 (Singapore)

Singapore NAIHE

  • Trimester 1 - 2024

Ourimbah

  • Semester 1 - 2024

Newcastle City Precinct

  • Semester 1 - 2024

Learning outcomes

On successful completion of the course students will be able to:

1. Demonstrate specific knowledge of Australian Income Taxation Laws;

2. Access provisions of the Income Tax Assessment Act and related legislation;

3. Analyse, evaluate and synthesise information to solve tax problems;

4. Recognise and interpret tax planning, tax avoidance and tax evasion issues in particular situations;

5. Communicate technical tax information to client taxpayers.

6. Demonstrate a practical knowledge of non-complex international transactions.


Content

Lectures may include, but are not restricted to, the following topics:

  1. International Taxation
  2. Assessable Income Ordinary Income
  3. Assessable Income Other Issues
  4. Allowable Deductions General Deductions
  5. Allowable Deductions Specific Deductions
  6. Calculation of Individual Taxation
  7. Depreciating Assets
  8. Retirement Payments
  9. Capital Gains Tax
  10. Fringe Benefits Tax
  11. Companies and Partnerships
  12. Good and Services Tax

Requisite

Students must have successfully completed ACFI1001.


Assessment items

Quiz: Mid Semester Quiz

Written Assignment: Individual Written Assessment

Formal Examination: Final Examination


Contact hours

Trimester 1 - 2024 (Singapore) - Singapore PSB

Integrated Learning Session-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Trimester 1 - 2024 - Singapore NAIHE

Integrated Learning Session-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Semester 1 - 2024 - Ourimbah

Integrated Learning Session-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Semester 1 - 2024 - Newcastle City Precinct

Integrated Learning Session-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Trimester 2 - 2024 (Singapore) - Singapore PSB

Integrated Learning Session-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Course outline