Taxation Law

Course code PACC6006
Available in 2015
2015 Course Timetables

Description

Taxation in Australia originates from a complex legal and constitutional foundation. This course analyses both the legal concepts of income and capital and the fiscal treatment of individual, corporate, and other taxpaying entities. Specific topics covered include GST, assessable income and exempt income, allowable deductions, special classes of taxpayers including trusts, partnerships and companies, calculation of individual income tax, capital gains tax, fringe benefits tax, depreciable assets, residency and retirement and termination payments. Course experience will assist students to define and articulate taxation issues as well as professionally communicate recommended solutions.

Availability

Sydney Bathurst Street

  • Semester 1 - 2015
  • Semester 2 - 2015

Learning Outcomes

1. Identify specific Australian Income Tax Laws and their relevance to particular tax paying entities;

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

3. Identify taxation issues and apply critical analysis skills for effective solution;

4. Demonstrate an integrative awareness of tax planning issues as they relate to real life situations and environments; and

5. Communicate technical tax information effectively and professionally to client taxpayers employing formats to suit both context and audience.

Content

Introduces students to Australian Income Tax law and related legislation.

Topics covered include:

  • determining taxpayer residency,
  • assessable income,
  • allowable deductions,
  • calculation of tax payable for individuals,
  • retirement and termination payments,
  • capital gains tax,
  • fringe benefits tax,
  • taxation of partnerships,
  • trusts and companies and the GST.

Requisites

This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting / Master of Business programs.

Assumed Knowledge

PACC6000 Financial Accounting 1 and PACC6009 Business Law

Assessment Items

Written Assignment: Group Written Assignment & Presentation

In Term Test: Mid Semester Quiz

Formal Examination: Open Book Exam

Contact Hours

Lecture

Face to Face On Campus 3 hour(s) per Week for Full Term