Courses & Units
Taxation Strategies BFA609
Please note this unit will be delivered as a 5 week intensive during Semester 2, 2023. More information is available from the C6D Graduate Diploma of Financial Planning Course Coordinator, Dr Roger Colbeck.
Introduction
This unit is intended to help you understand the nature of taxation and the taxation system in Australia. The unit introduces you to the core concepts in Australian taxation and identifies the framework (both legal and administrative) behind such concepts. The knowledge gained through this exploration enables the application of the framework to current issues faced by individuals and businesses whilst ensuring compliance with statutory and professional requirements. Basic concepts of assessable income (including capital gains) and allowable deductions are extended through different entity structures with a focus on application to 'real life' scenarios including an introduction to fringe benefits tax and goods and services tax. Although tax is an important component of an investor’s financial planning process, it is only one of the many factors that need to be considered. The application of tax planning strategies to a taxpayer should only be considered after a full needs analysis has been conducted.
Summary
| Unit name | Taxation Strategies |
|---|---|
| Unit code | BFA609 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Roger Colbeck |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 2 | On-Campus | International | Domestic | |
| Online | Semester 2 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Semester 2 | 22/7/2024 | 16/8/2024 | 9/9/2024 | 27/10/2024 |
* 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 (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Explain the legal concepts and principles underlying the taxation system in Australia.
- Assess the boundaries of tax planning incorporating sustainable taxation behaviour and the consequences of tax avoidance or tax evasion.
- Compare different business structures making suitable recommendations from a taxation point of view.
- Develop tax research skills and knowledge to solve advice related taxation problems.
- Evaluate the requirements of the Tax Practitioners Board requirements for giving tax advice as a financial planner.
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 080101 | $2,040.00 | $1,597.00 | not applicable | $2,979.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Teaching
| Teaching Pattern | Please note this unit will be delivered as a 5 week intensive during Semester 2, 2023. More information is available from the C6D Graduate Diploma of Financial Planning Course Coordinator, Dr Roger Colbeck. |
|---|---|
| Assessment | Assessment task 1: Written test (30%)|Assessment task 2: Research Case Study (30%)|Take home exam (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Sadiq, K, Black, C, Hanegbi, R, Jogarajan, S, Krever, R, Obst, W & Ting, A 2022, Principles of Taxation Law, Thomson Reuters, Sydney, NSW. You will also need access to tax legislation. This is available online or the following publication can be purchased:
Please note that acquiring a current edition of the text is necessary for this unit, as tax law changes frequently. Students who use past editions may be at a disadvantage. |
|---|---|
| Recommended | In addition to the texts/software recommended above, you are also expected to be familiar with the key academic journals in the discipline from which useful insights may be derived. You are encouraged to review regularly the relevant papers that are published in:
The following websites can be useful resources for tutorial preparation and the assignment:
The University library has many resources that may be useful to your study in the unit. | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.