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LAWS13014 - Revenue Law

General Information

Unit Synopsis

Revenue Law is an important consideration for those engaging in legal practice insofar as issues arising out of revenue law will impact on advice given in a range of different situations. This course gives an understanding of the underlying concepts of revenue law focussing on the Income Tax Assessment Acts and supporting legislation as well as looking at other important areas of revenue law practice which impact on advice given such as Goods and Services Tax and Fringe Benefits Tax.

Details

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the 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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2013

Term 3 - 2017 Profile
Distance
Term 3 - 2018 Profile
Distance
Term 3 - 2019 Profile
Online
Term 3 - 2020 Profile
Online
Term 2 - 2021 Profile
Online
Term 3 - 2022 Profile
Online

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).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate 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.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 40%
2. Examination 60%

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

Past Exams

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Previous Feedback

Term 3 - 2020 : The overall satisfaction for students in the last offering of this course was 4.7 (on a 5 point Likert scale), based on a 41.86% response rate.

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.

Source: student evaluation
Feedback
Textbook unnecessary
Recommendation
Students indicated that learning outcomes for the unit may be achieved without purchasing textbook. It is recommended that in the next offering, consideration be given as to whether a textbook is actually required, or whether a reading list could be developed using online and other similar resources.
Action Taken
Students had access to comprehensive study guides, as well as online text materials accessed through CCH, through the CQU online library.
Source: student evaluation
Feedback
Study guides too brief
Recommendation
Students indicated that the learning guides were still too brief. In next offering, study guides should be expanded to include additional information to the text book. They will also be updated to reflect recent legislative changes.
Action Taken
Study guides were made more comprehensive, referring to recent legislative changes.
Source: student evaluation
Feedback
Low participation in Zoom sessions
Recommendation
The number of students that attended the live weekly Zoom session was rather low. Consideration could be given to running more than one live Zoom session each week to give more students a chance to attend. These sessions should continue to be recorded.
Action Taken
There was normally 2 or 3 zoom sessions per week. There were some 25 zoom recordings for the term in total, with most weeks having a mixture of live and recorded sessions. These were all promulgated, after recording, via the news forum. These Zoom sessions were a mixture of lectures, tutorial questions and assignment specific question and answer sessions.
Source: Students in weekly zoom tutorials
Feedback
Continue to provide multiple zoom sessions per week, providing a mixture of live and recorded sessions, in addition to resources on the Modle site.
Recommendation
Consider holding two zoom sessions per week with students.
Action Taken
Nil.
Source: Students in weekly zoom tutorials
Feedback
Provide readings from the previous textbook, Taxation Law in Australia, as well as readings from the Master Tax Guide available electronically from the CQU library resources.
Recommendation
Provide readings from both the Master Tax Guide and the previous text book to students at start of semester
Action Taken
Nil.
Source: Students in weekly zoom tutorials
Feedback
Have specific individual zoom sessions as to assessment items as to relevant learning and process
Recommendation
Continue to offer Zoom sessions specifically addressing assessment items.
Action Taken
Nil.
Unit learning Outcomes

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

  1. Explain the distinction between income and capital and determine when taxpayers will be assessed on income or capital gains tax
  2. Differentiate between expenses which constitute deductions and expenses which constitute capital and determine when expenditure may be utilised to reduce a taxpayer's assessable income
  3. Apply the current tax legislation as it applies to taxation of various entities
  4. Analyse the Goods and Services Tax (GST) and Fringe Benefits Tax (FBT) regimes
  5. Use general software, CQUniversity's learning management system and web-based tax resources to advance personal learning
  6. Read and understand legal material consistent with the content covered in the course
  7. Recognise and analyse legal issues arising out of encountered fact situations
  8. Formulate informed decisions by applying the relevant law and principles to revenue law problems
  9. Communicate effectively in this discipline using appropriate style and terminology

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6 7 8 9
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
5 - Team Work
6 - Information Technology Competence
7 - Cross Cultural Competence
8 - Ethical practice
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Written Assessment
2 - Examination