PACC6006Taxation Law

Available in 2024
Course code

PACC6006

Units

10 units

Level

6000 level

2024 Course Timetables

Course handbook

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.

Availability2024 Course Timetables

Newcastle City Precinct

  • Trimester 1 - 2024
  • Trimester 3 - 2024

Sydney Elizabeth Street

  • Trimester 1 - 2024
  • Trimester 3 - 2024

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.

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.

Requisite

This course is only available to students enrolled in the programs:

[11702] Master of Professional Accounting

[12187] Graduate Certificate in Professional Accounting

[12403] Master of Professional Accounting (Advanced)

[40149] Master of Professional Accounting/Master of Business Administration

[40164] Master of Professional Accounting/Master of Business Administration

Assessment items

In Term Test: Mid Semester Quiz

Written Assignment: Individual Written Assignment

Formal Examination: Open Book Exam

Contact hours

Trimester 1 - 2024 - Newcastle City Precinct

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Trimester 1 - 2024 - Sydney Elizabeth Street

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Trimester 3 - 2024 - Newcastle City Precinct

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Trimester 3 - 2024 - Sydney Elizabeth Street

Lecture-1
  • Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
  • Self-Directed 6 hour(s) per term
  • 6 hours of online content per term provided for self directed learning

Course outline