Hobart
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 2021
| Unit name | Taxation Strategies |
|---|---|
| Unit code | BFA609 |
| Credit points | 12.5 |
| Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting and Accountability |
| Coordinator | |
| Level | Postgraduate |
| Available as student elective? | No |
| 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
| LO1 | Describe the legal concepts and principles and the underlying taxation system in Australia. |
| LO2 | Recognise and explain the boundaries of tax planning and the consequences of tax avoidance or tax evasion. |
| LO3 | Analyse and compare different business structures and make suitable recommendations from a taxation point of view. |
| LO4 | Demonstrate the use of basic tax research skills and knowledge to solve simple taxation problems. |
| LO5 | Identify and explain the requirements of the Tax Practitioners Board requirements for giving tax advice as a financial planner and the requirements of the TASA code of conduct. |
Fees
Teaching
| Assessment | Case Study 20%, Case Study 30%, Take Home Exam 50%. |
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| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Details of any required textbooks will be available in the Unit Outline. |
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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.