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 2 - 2024
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.
- 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 - Online Test - 10% | |||||
| 2 - Case Study - 40% | |||||
| 3 - Online Quiz(zes) - 50% | |||||
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 | |||||
Textbooks
Principles of Taxation Law 2024
Edition: 2024 (2024)
Authors: Sadiq et al
Thomson Reuters
Sydney Sydney , NSW , Australia
ISBN: 9780455248110
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Zoom capability for online workshops
All submissions for this unit must use the referencing styles below:
- Australian Guide to Legal Citation, 4th ed
- American Psychological Association 7th Edition (APA 7th edition)
For further information, see the Assessment Tasks.
j.mclaren@cqu.edu.au
Module/Topic
Introduction to the Australian Taxation Law
Chapter
Principles of Taxation Law - Chapters 1 and 3.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Residency of the taxpayer and Source of Income
Chapter
Principles of Taxation Law - Chapter 4.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Assessable income - ordinary income from employment, business and property
Chapter
Principles of Taxation Law - Chapters 5,6,8 and 9.
Events and Submissions/Topic
End of chapter questions.
Module/Topic
General Deductions
Chapter
Principles of Taxation Law - Chapter 12.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Specific Deductions and Capital Allowances
Chapter
Principles of Taxation Law - Chapters 13 and 14.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Taxation of Capital Gains and Trading Stock
Chapter
Principles of Taxation Law - Chapters 11 and 17.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Tax Offsets and Tax Accounting
Chapter
Principles of Taxation Law - Chapters 15 and 16.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Taxation of Companies and Shareholders and Superannuation
Chapter
Principles of Taxation Law - Chapters 18 and 21
Events and Submissions/Topic
End of chapter questions
Case Study questions Due: Week 8 Monday (2 Sept 2024) 11:59 pm AEST
Module/Topic
Taxation of Partnerships and Partners and Trusts and Beneficiaries
Chapter
Principles of Taxation Law - Chapters 19 and 20
Events and Submissions/Topic
End of chapter questions
Module/Topic
Tax Administration and Tax Avoidance
Chapter
Principles of Taxation Law - Chapters 23 and 24.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Fringe Benefits Tax (FBT)
Chapter
Principles of Taxation Law - Chapter 7.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Goods and Services Tax (GST)
Chapter
Principles of Taxation Law - Chapter 25.
Events and Submissions/Topic
End of chapter questions
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Online Test
The MCQ test will cover taxation law from weeks 1 to 3.
The online test must be completed within 30 minutes
The mark will be shown in the grade book
The MCQ test will comprise 10 questions covering weeks 1 to 3.
- 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 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
- Provide strategic advice to stakeholders regarding the tax issues arising from common scenarios.
2 Case Study
Students will be required to answer two case study questions which will involve calculation of the income tax liability as well as a demonstration of the application of that knowledge to practical situations.
Week 8 Monday (2 Sept 2024) 11:59 pm AEST
answers to be submitted in Moodle
Week 9 Friday (13 Sept 2024)
mark will be available in Moodle together with feedback
Each case study question will be worth 20 marks with a total of 40 marks for the assessment task. The case studies will require a calculation of tax payable and an explanation of the treatment of all items.
- 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
- Provide strategic advice to stakeholders regarding the tax issues arising from common scenarios.
3 Online Quiz(zes)
The end of term online quiz will cover all topics examined in this unit. The quiz will comprise short answer type case study questions requiring calculations and an application of the knowledge to practical situations.
-1
Other
Exam Week Wednesday (16 Oct 2024) 11:45 pm AEST
Students need to demonstrate not only a knowledge of Australian Taxation Law but also the ability to apply the law to practical situations.
- 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
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?
