LAWS19033 - Taxation Law and Practice A

General Information

Unit Synopsis

The Constitution and taxation power; the taxing formula; the concept, source and derivation of income at ordinary concepts; exempt income; non-assessable non-exempt income; allowable deductions; tax rates, tax offsets and levies; statutory inclusions in income including capital gains, trading stock; fringe benefits tax; goods and services tax; taxation of companies; partnerships and trusts; administrative provisions.

Details

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Prerequisite (ACCT11059 or ACCT11057) and (LAWS11030 or LAWS19031 or LAWS11054)

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 2 - 2020

Term 2 - 2020 Profile
Online
Term 1 - 2021 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2021 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. Online Quiz(zes) 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

To view Past Exams, please login
Previous Feedback

Term 1 - 2019 : The overall satisfaction for students in the last offering of this course was 4.6 (on a 5 point Likert scale), based on a 33.33% 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: Have your say in Moodle.
Feedback
More practical and relevant problems for solving in the modules.
Recommendation
Additional problems should be added to the modules and solutions posted in conjunction with the two texts. One of the new texts has a structured Q&A format.
Action Taken
New textbook was set as text in Term 1 2019, and time was spent in regular online Zoom sessions outlining the practical application of the content of the course to problem based questions.
Source: Have your say in Moodle.
Feedback
Several students requested additional assignment feedback.
Recommendation
The UC directly and promptly provided the additional feedback. Early in the term the teaching staff should explain regularly the assignment requirements and relevant Moodle resources.
Action Taken
Assignments tips and advice were given in every Zoom session leading up to the submission date, and a separate "assignment advice" video was made available to students well before the due date of the assignment.
Source: Have your say survey
Feedback
There were a few worked examples during the lectures, but maybe a few more might have been helpful.
Recommendation
This will be addressed through the availability of the "master classes" -a new feature of the course in Term 2 2019. Weekly Zoom sessions will also now occur, which will allow for more time to work through practical tutorial style questions.
Action Taken
Nil.
Source: UC self reflection
Feedback
Given the students are business students, they often struggle with answering legal problem type questions.
Recommendation
Spend more time in foundation weeks working through methods of studying for a legal subject, finding legal resources, and answering legal problem style questions.
Action Taken
Nil.
Unit learning Outcomes

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

  1. Describe at a basic level the Australian income taxation system
  2. Explain the main concepts and principles of Australian income taxation law
  3. Apply taxation laws and prepare income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts
  4. Discuss a range of other taxes in the Australian taxation regime, including fringe benefits tax and goods and services tax.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Written Assessment
2 - Online Quiz(zes)
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
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 - Online Quiz(zes)