Taxation
24 hours face to face + blended
One Semester or equivalent
Hawthorn, Online
Available to incoming Study Abroad and Exchange students
Overview
At the completion of this unit students are expected to have a basic understanding of the Income Tax Assessment Acts 1936 and 1997 as amended, the Fringe Benefit Tax Assessment Act 1986 together with those Acts which are complementary to the Assessment Acts.
Requisites
Prerequisites
ACC10007
Financial Information for Decision MakingRule
150 Credit Points
AND
ACC10007 Financial Information for Decision Making
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025
Semester 1
Location
Hawthorn
Start and end dates
03-March-2025
01-June-2025
01-June-2025
Last self-enrolment date
16-March-2025
Census date
31-March-2025
Last withdraw without fail date
24-April-2025
Results released date
08-July-2025
Teaching Period 1
Location
Online
Start and end dates
10-March-2025
08-June-2025
08-June-2025
Last self-enrolment date
23-March-2025
Census date
04-April-2025
Last withdraw without fail date
02-May-2025
Results released date
Semester 2
Location
Hawthorn
Start and end dates
04-August-2025
02-November-2025
02-November-2025
Last self-enrolment date
17-August-2025
Census date
31-August-2025
Last withdraw without fail date
19-September-2025
Results released date
09-December-2025
Learning outcomes
Students who successfully complete this unit will be able to:
- Describe the key administrative components of the Australian taxation system and the basic principles of Australian income tax , fringe benefit tax and goods and services taxation legislation
- Analyse, discuss and resolve issues relating to the determination of assessable income and allowable deductions
- Explain taxation law that relates to the taxation of individuals and companies
- Explain taxation law that relates to the taxation of partnerships, trusts and superannuation funds
- Work collaboratively to analyse and communicate solutions to practical problems and case studies
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| On-campus Class | 2.00 | 12 weeks | 24 |
| Online Lecture | 1.00 | 12 weeks | 12 |
| Unspecified Activities Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assignment | Group | 20 - 30% | 1,2,3,4,5 |
| Examination | Individual | 40 - 60% | 1,2,3,4 |
| Online Tests | Individual | 20 - 30% | 1,2,3,4 |
Content
- Administration aspects of taxation
- Concepts of income and assessable income
- Distinction between income and capital
- Fringe benefits tax
- Capital gains tax
- Goods and services tax
- Source, residency and derivation
- General and specific deductions; non-deductions
- Companies and shareholders
- Individuals and partnerships
- Taxation of trusts and superannuation and tax strategies in financial planning
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.