Unit Profile Correction added on 23-03-20
The end of term examination has now been changed to an alternate form of assessment. Please see your Moodle site for details of the assessment
Overview
This unit enables students to acquire a sound knowledge of the Australian taxation system and the compliance requirements. It also provides students with an awareness of the key provisions of the relevant taxation legislation, and enables them to apply the relevant legislative concepts to determine taxation consequences.Topics include: the Constitution and taxation power; the concept, source and derivation of income; trading stock, exempt income, allowable deductions; tax offsets; and the determination of taxable income; decline in value; and miscellaneous business deducations; tax administration; fringe benefits tax; and goods and services tax. If you have successfully completed the unit LAWS20023 you should not enrol in this unit.
Details
Pre-requisites or Co-requisites
There are no requisites for this unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 1 - 2020
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of 'pass' in order to pass the unit. If any 'pass/fail' tasks are shown in the table above they must also be completed successfully ('pass' grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the 'assessment task' section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University's Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure - Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure - International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback - Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Student feedback
Suggestion made to include a demonstration on how to calculate and prepare a tax return for an individual
This has been included as a "master class" topic, and students will have a chance to practice this in tutorials.
Feedback from Student feedback
More practical examples were requested by students
Worked examples (master classes) to be provided via Moodle.
Feedback from Student feedback
I would value the opportunity to interact with other students and other teaching staff from other campuses more often
Unit coordinator will encourage students to actively participate on discussion boards, and to support members of the teaching team to engage with same.
- Demonstrate a sound understanding of the Australian Taxation system and the sources of Australian taxation by researching and reporting on the Australian regulatory framework for taxation.
- Demonstrate a professional knowledge of the main concepts and principles of Australian taxation law by analysing given business scenarios and reporting on the most appropriate planning for, or application of, Australian taxation law.
- Demonstrate competence in applying Australian taxation law by calculating and reporting on the correct or most appropriate preparation of income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts.
- Analyse and report on the compliance requirements of the Australian taxation system, including a critical awareness of the concept of tax avoidance and of general tax avoidance provisions in the Australian Tax legislation.
- Provide strategic advice to stakeholders regarding the tax issues arising from common scenarios.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Practical and Written Assessment - 40% | |||||
| 2 - Examination - 60% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Knowledge | |||||
| 2 - Communication | |||||
| 3 - Cognitive, technical and creative skills | |||||
| 4 - Research | |||||
| 5 - Self-management | |||||
| 6 - Ethical and Professional Responsibility | |||||
| 7 - Leadership | |||||
| 8 - Aboriginal and Torres Strait Islander Cultures | |||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| 1 - Practical and Written Assessment - 40% | ||||||||
| 2 - Examination - 60% | ||||||||
Textbooks
Tax Kit
(2020)
Authors: Sadiq et al
Thomson Reuters
Pyrmont Pyrmont , Australia
ISBN: 9780455244112
Binding: Paperback
Additional Textbook Information
This pack contains both Principles of Taxation Law 2020 and Tax Questions and Answers 2020, which are both prescribed texts for this subject. Packs are available for purchase at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code)
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
All submissions for this unit must use the referencing style: Australian Guide to Legal Citation, 4th ed
For further information, see the Assessment Tasks.
k.unger@cqu.edu.au
Module/Topic
Chapter
Principles of Taxation Law 2020: Chapters 1, 2 and 3
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Residence and source
Chapter
Principles of Taxation Law 2020: Chapter 4
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Chapter
Principles of Taxation Law 2020: Chapters 5, 6, 8, 9 and 10
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
General Deductions and specific deductions and offsets
Chapter
Principles of Taxation Law 2020: Chapters 12, 13 and 15
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Tax avoidance and tax administration
Chapter
Principles of Taxation Law 2020: Chapters 3 (revision), 23 and 24.
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Capital gains tax
Chapter
Principles of Taxation Law 2020: Chapter 11
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Chapter
Principles of Taxation Law 2020: Chapter 14
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Introduction to company taxation
Chapter
Principles of Taxation Law 2020: Chapter 21
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Taxation of partners and partnerships, and taxation of trusts and beneficiaries
Chapter
Principles of Taxation Law 2020: Chapters 19 and 20
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Fringe Benefits Tax
Chapter
Principles of Taxation Law 2020: Chapter 7
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Goods and Services Tax
Chapter
Principles of Taxation Law 2020: Chapter 25
Tax Questions and Answers 2020: See Moodle
Events and Submissions/Topic
Module/Topic
Revision Week
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Practical and Written Assessment
Practical and Written Assessment
Task Description
This assessment item is an individual written assignment worth 40% of the total unit mark. It covers aspects of the unit covered in Weeks 1 to 5 of the term. Part A of the assignment is a case study, which will require you to provide advice to hypothetical taxpayer as to their residency status under Australian taxation law. Part B of the assignment will require you to prepare a memo addressing various avenues of objection for a hypothetical taxpayer. Both Part A and Part B will require you to demonstrate your information literacy skills by locating information about tax and to further demonstrate your problem solving skills by identifying tax issues and locating the relevant legislative and secondary source to support your argument regarding these issues. The total word count for the assignment will not be more than 3000 words. Further details regarding the assignment will be provided on the Moodle site for the unit at the start of the term.
Learning Outcomes Assessed
Demonstrate a sound understanding of the Australian Taxation system and the sources of Australian taxation by researching and reporting on the Australian regulatory framework for taxation.
Demonstrate a professional knowledge of the main concepts and principles of Australian taxation law by analysing given business scenarios and reporting on the most appropriate planning for, or application of, Australian taxation law.
Demonstrate competence in applying Australian taxation law by calculating and reporting on the correct or most appropriate preparation of income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts.
Graduate Attributes
Knowledge
Communication
Cognitive, technical and creative skills
Week 7 Monday (27 Apr 2020) 11:45 pm AEST
Assignments submitted after this date (or a date approved by the unit coordinator after an online extension application) may incur a penalty of 5% per day.
Week 9 Monday (11 May 2020)
Assignments will be returned two weeks after due date. If an assignment is submitted late it may be returned after this time.
Assessment and Evaluation Criteria
These criteria are a general guide as to the standard expected at the various levels. Characteristics indicative of the respective levels of achievement in the assignment are as follows. It is not necessarily the case that all these criteria will be met at a particular standard as there may be a superior performance on one of the criteria and not so satisfactory performance on another.
High distinction standard
· The answer is very well written and clearly expressed
· There is a demonstrated appreciation and understanding of the issues involved
· The answer is well structured and logically organised
· Demonstrated mastery of referencing system
· There is evidence of a comprehensive analysis of the issues
· Conclusions are backed by well-reasoned arguments demonstrating a detailed insight and analysis of issues
· Comprehensive coverage of all relevant issues
· References are made to the appropriated legislation for particular issues
· Statutory provisions are analysed and interpreted correctly
· The legislation is applied to the particular fact situation in a competent manner
· Consideration is given to the operation of the common law
· There may be consideration of issues not raised in the tutorials and answer guides
Distinction standard
· The answer is well written and expressed
· The answer is structured and logical
· The issues have been reasonably well identified and appreciated
· There is correct use of referencing
· Issues have been analysed
· Reference is made to all appropriate legislation, although the analysis and interpretation is not as detailed and reasoned as for the high distinction standard
· The effect of the common law is considered
· There is a comprehensive coverage of the issues
· Occasional errors of law and legal reasoning may still be present
Credit standard
· The answer is generally well written and expressed
· The answer is structured and sequential
· Referencing is satisfactory
· Issues are identified and addressed
· There has been an attempt to analyse some of the issues
· The coverage of issues is reasonably comprehensive often with a good treatment and analysis of particular points · Errors of law and incorrect reasoning may sometimes be present
· Statutory interpretation may require improvement
· Depth of treatment is often lacking in some of the issues
Pass standard
· The answer is able to be followed and understood
· The answer could perhaps be better organised and structured
· The referencing may need improvement
· Issues may need to be identified and addressed in more depth
· Analysis when present may be incorrect
· Some familiarity with the legislation and its application is demonstrated
· Sometimes the conclusions reached are simple
· There may be several errors of law
· There may be quantities of material of marginal relevance included in the answer
Fail standard
· The answer may be significantly short of the required length
· The written expression is poor and difficult to understand
· The answer is poorly organised
· There has been a failure to identify and address the issues in the question
· Referencing is generally inadequate
· There is a lack of familiarity with the legislation and its appropriate application
· The reasoning and application demonstrated is poor
· Frequently there is much irrelevant material
- Knowledge
- Communication
- Cognitive, technical and creative skills
- Demonstrate a sound understanding of the Australian Taxation system and the sources of Australian taxation by researching and reporting on the Australian regulatory framework for taxation.
- Demonstrate a professional knowledge of the main concepts and principles of Australian taxation law by analysing given business scenarios and reporting on the most appropriate planning for, or application of, Australian taxation law.
- Demonstrate competence in applying Australian taxation law by calculating and reporting on the correct or most appropriate preparation of income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts.
Examination
Law dictionaries, Business and Law dictionaries (discipline specific dictionaries) are authorised.
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
