Available in 2021
Course code



10 units


3000 level

Course handbook


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.

Availability2021 Course Timetables

PSB Singapore

  • Trimester 1 - 2021 (Singapore)
  • Trimester 2 - 2021 (Singapore)


  • Semester 1 - 2021

Newcastle City Precinct

  • Semester 1 - 2021

Learning outcomes

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

1. Demonstrate specific knowledge of Australian Income Tax 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, interpret and investigate tax planning issues in particular factual situations.

5. Communicate technical tax information to client taxpayers.

6. Demonstrate a practical knowledge of professional ethics and standards.


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


Students must have successfully completed ACFI1001.

Assessment items

Quiz: Mid Semester Quiz

Written Assignment: Individual Written Assessment

Formal Examination: Final Examination

Contact hours

Ourimbah, Newcastle City Precinct and PSB Singapore

Integrated Learning Session

Face to Face On Campus 2 hour(s) per Week for Full Term

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.

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.