Taxation Law

Course code PACC6006Units 10Level 6000Faculty of Business and LawNewcastle Business School

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.

Available in 2015

Sydney Bathurst StreetSemester 1, Semester 2
Previously offered in 2014
ObjectivesOn successful completion of this course, students will be able to:

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.
ContentIntroduces 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.
Replacing Course(s)Nil
Industrial Experience0
Assumed KnowledgePACC6000 Financial Accounting 1 and PACC6009 Business Law
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Examination: ClassMid trimester multiple choice theory examination
Essays / Written AssignmentsIndividual case study
Examination: FormalEnd of trimester examination
Contact HoursLecture: for 3 hour(s) per Week for Full Term
Compulsory Components
Requisite by EnrolmentThis 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.
Timetables2015 Course Timetables for PACC6006