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 Making

Rule

150 Credit Points

AND 

ACC10007 Financial Information for Decision Making

Antirequisites
LAW20033 Taxation Law
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
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
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
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
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
TOTAL150

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
TOTAL150

Assessment

Type Task Weighting ULO's
AssignmentGroup 20 - 30% 1,2,3,4,5 
ExaminationIndividual 40 - 60% 1,2,3,4 
Online TestsIndividual 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.