Taxation Law
PostgraduateACU-LEGL6022021
Course information for 2021 intake
Examine the key principles relating to taxation law in Australia alongside the relevant statutes, case law, and taxation rulings issued by the Australian Taxation Office. Get to know taxation resources and use them to solve business problems.
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- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 13 weeks
- Loan available
- FEE-HELP available
Taxation Law
About this subject
On successful completion of this subject, students should be able to:
- understand the key principles of taxation law in respect to income tax, Capital Gains Tax, GST and FBT
- understand how the law is applied to different problems
- use taxation law databases, textbooks and the internet to obtain answers to different practical problems
- understand the taxation treatment of different taxation entities and learn to develop appropriate tax management strategies for business and other entities
- Introduction and overview of the Australian tax system
- Concepts of income, source, derivation and residence, tax treatment vs. accounting treatment, implications of GST, business vs. hobby, small business concessions
- Trading stock, key principles of Fringe Benefits Tax, non-cash business benefits
- Key principles of Capital Gains Tax
- Introduction to general allowable deductions
- Specific deductions, decline in value for depreciating assets, repairs, superannuation, limitations on deductions
- Introduction and overview of GST, BAS and payment system
- Introduction to entities, individuals, offsets relevant to individuals and the Medicare levy and Medicare levy surcharge
- Taxation of companies, taxation of dividends and the imputation system
- Taxation of trusts and taxation of partnerships
- Overview of international tax issues, residence, withholding tax, double tax agreements
There are two major reasons for business students to learn about Taxation. First, most taxpayers are subject to income tax, and to function in a business or investment environment, it is useful to know some basic principles of taxation law. Second, one of the major fields of accounting and financial practice is taxation law. Against this backdrop the subject examines taxation imposed by statute: the Income Tax Assessment Act 1997 (Cth) and the Income Tax Assessment Act 1936 (Cth), the Goods and Services Tax (GST) and the Fringe Benefits Tax (FBT) and the application of case law and taxation rulings issued by the Australian Tax Office. The subject also examines the key principles relating to taxation law in Australia (i.e. what is income, what is deductible, how various entities are taxed and the administration of the taxation system, and the impact of tax offsets).
Assessment is an integral part of the learning process. This unit is assessed by two assignments and a final examination. Assessment tasks in this unit are aimed at measuring and developing student’s achievement of both the learning outcomes and graduate attributes noted above. The assessment in this unit may include, but are not limited to quizzes, essays, reports, examinations, or case studies.
- Assignment 1 (25%)
- Assignment 2 (25%)
- Assignment 3 (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
Established in 1991 after amalgamating four eastern Australian Catholic tertiary institutes, Australian Catholic University now has seven campuses, from Brisbane to Melbourne and welcomes students of all beliefs. Specialising in arts, business, education, health sciences, law, theology and philosophy, ACU encourages its students to think critically and ethically and bring change to their communities and offer this online through Open Universities Australia.
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
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