ACFI3004
10 units
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:
- International Taxation
- Assessable Income Ordinary Income
- Assessable Income Other Issues
- Allowable Deductions General Deductions
- Allowable Deductions Specific Deductions
- Calculation of Individual Taxation
- Depreciating Assets
- Retirement Payments
- Capital Gains Tax
- Fringe Benefits Tax
- Companies and Partnerships
- 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
- ACFI3004 - Trimester 3, 2023 (Singapore) (PDF, 219.3 KB)
- ACFI3004 - Semester 1, 2024 (Newcastle) (PDF, 226.0 KB)
- ACFI3004 - Semester 1, 2024 (Ourimbah) (PDF, 226.1 KB)
- ACFI3004 - Trimester 1, 2024 (Singapore) (PDF, 227.0 KB)
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.