Hobart, Launceston, Cradle Coast
Introduction
This unit is a compulsory unit in the Accounting Major and is designed to assist you in gaining an understanding of the theoretical concepts that underpin taxation law in Australia. This knowledge is used to develop your skills in the interpretation of taxation legislation, case law and rulings, and their application to different business entities and individuals. You will be required to calculate components of taxable income and different types of tax liability.
Summary 2021
Unit name | Taxation |
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Unit code | BFA391 |
Credit points | 12.5 |
Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
Discipline | Accounting and Accountability |
Coordinator | |
Level | Advanced |
Available as student elective? | Yes |
Breadth Unit? | No |
Availability
Note
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* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Learning Outcomes
ILO1 | Locate and interpret and explain relevant legislation, cases, rulings and principles of taxation law in Australia |
ILO2 | Communicate and critique the relevant taxation rules, demonstrating knowledge of the connection between case law and legislation. |
ILO3 | Apply tax rules to a problem scenario with a given set of facts to reach a conclusion. |
ILO4 | Perform calculations including income tax, CGT, and FBT liability. |
Fees
Requisites
Prerequisites
- (BFA141 Commercial Transactions AND BFA104 Accounting Context and Method); OR
- (BFA104 Accounting Context and Method AND LAW121 Introduction to Law AND LAW122 Legal Systems); OR
- (BFA104 Accounting Context & Method AND BAA215 Corporate & Business Law)
Teaching
Teaching Pattern | 1 x 2 hour lecture, 1 x 1 hour tutorial per week. Please check the unit outline for details. |
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Assessment | Test (15%), Assignment (25%), Exam (60%). |
Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
Required | You will need the following texts: Sadiq, K, Black, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W& Ting, A 2020, Principles of Taxation Law, 13th edn, Thomson Reuters, Sydney, NSW. and Pinto, D, Kendall, K & Sadiq, K 2020, Fundamental Tax Legislation, 28th edn, Thomson Reuters, Sydney, NSW. If you choose to use an older version of the text you must take responsibility if you get something incorrect due to the text being out of date. |
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