Available in 2021
Course code



10 units


6000 level

Course handbook


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.

Availability2021 Course Timetables

Sydney Elizabeth Street

  • Trimester 3 - 2021

Learning outcomes

On successful completion of the 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.


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.


Students must have successfully completed PACC6000. This course is only available to students enrolled in Master of Professional Accounting, Master of Professional Accounting (Advanced), Master of Professional Accounting / Master of Business and M Prof Acct/M Bus Admin programs.

Assessment items

In Term Test: Mid Semester Quiz

Written Assignment: Individual Written Assignment

Formal Examination: Open Book Exam

Contact hours

Sydney Elizabeth Street


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

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.