Unit Outline

This unit introduces students to the core concepts in Australian taxation and identifies the framework (both legal and administrative) behind those concepts. The knowledge gained through this exploration enables the application of the framework to current issues faced by individuals and businesses whilst ensuring compliance with statutory and professional requirements. Basic concepts of assessable income (including capital gains) and allowable deductions are extended through different entity structures with a focus on application to real life scenarios. The unit includes an introduction to Fringe Benefits Tax as well as Goods and Services Tax. Aspects of International tax and tax avoidance issues are also explored.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1	Interpret relevant legislation, cases, rulings and principles of taxation law in Australia.
2	Critique the relevant taxation rules, demonstrating knowledge of the connection between case law and legislation.
3	Apply tax rules and conventions to a scenario to solve a taxpayer problem.
4	Perform income tax, CGT, FBT and GST liability calculations.

Alterations as a result of student feedback

To be determined.

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Test	See the MyLO site for the due date	20 %	LO1, LO2, LO3
Assessment Task 2:	Research Memorandum Outline	Week 8	10 %	LO2
Assessment Task 3:	Research Memorandum	Week 12	30 %	LO1, LO2, LO3, LO4
Assessment Task 4:	Open book examination	Exam Period	40 %	LO1, LO2, LO3, LO4

Assessment details

Assessment Task 1: Test

Task Description:

The test will provide students with feedback on their progress in the unit. The test assesses understanding of the core material from weeks 1 to 6.

More detail will be provided on MyLO.

Task Length:

2 hours

Due Date:

See the MyLO site for the due date

Weight:

20 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Locate and interpret fundamental rules relating to the Australian taxation system, including legislative provisions, case law decisions, Taxation Rulings and the role of taxation in social and environmental issues.	LO1
2	Communicate and critique the relevant taxation rules, demonstrating knowledge of the connection between case law and legislation.	LO2
3	Apply tax rules to a problem scenario with a given set of facts to reach a conclusion.	LO3

Assessment Task 2: Research Memorandum Outline

Task Description:

This assignment requires you to prepare an outline of how you intend to approach your research memorandum. You will need to demonstrate an understanding of where you may find relevant material and questions you may need to address.

Task Length:

500 - 1000 words

Due Date:

Week 8

Weight:

10 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Apply tax law to a case study	LO2
2	Evaluate limitations of tax law in accounting practice	LO2
3	Evaluate tax law applications	LO2

Assessment Task 3: Research Memorandum

Task Description:

You will be required to prepare a research memorandum which canvases potential responses to a hypothetical client scenario.

Task Length:

3000 words

Due Date:

Week 12

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Locate and interpret fundamental rules relating to the Australian taxation system, including legislative provisions, case law decisions, Taxation Rulings and the role of taxation in social and environmental issues.	LO1
2	Communicate and critique the relevant taxation rules, demonstrating knowledge of the connection between case law and legislation.	LO2
3	Apply tax rules to a problem scenario with a given set of facts to reach a conclusion.	LO3
4	Apply legal referencing conventions.	LO3
5	Communicate independently with a hypothetical client or colleague in a clear and coherent written report.	LO3
6	Perform calculations of income tax.	LO4

Assessment Task 4: Open book examination

Task Description:

The exam will enable you to demonstrate your breadth and depth of understanding across all unit materials. All topics are examinable. An information sheet with details about the exam will be given to you in the last week of the semester and posted on MyLO.

Task Length:

3 hours

Due Date:

Exam Period

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Locate and interpret fundamental rules relating to the Australian taxation system, including legislative provisions, case law decisions, Taxation Rulings and the role of taxation in social and environmental issues.	LO1
2	Communicate and critique the relevant taxation rules, demonstrating knowledge of the connection between case law and legislation.	LO2
3	Apply tax rules to a problem scenario with a given set of facts to reach a conclusion.	LO3
4	Apply legal referencing conventions.	LO3
5	Communicate independently with a hypothetical client or colleague in a clear and coherent written report.	LO3
6	Perform calculations of income tax.	LO4

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Academic integrity

Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see Important Guidelines & Support.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.