Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines. This may include a mix of online and face-to-face. Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education.
Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit.
Scheduled learning activities:
4 timetabled hours per week, 6 personal study hours per week
Taxation law is a body of law governing the liability of individuals and companies to pay tax to the government. This unit is designed to introduce students to the Australian taxation system and the various discrete taxes levied at state and federal levels, and to provide an introduction to international taxation arrangements. The focus of the unit is nevertheless on the major federal taxes – income tax, capital gains tax and goods and services tax (GST). Topics studied include concepts of assessable income, allowable deductions, capital expenditure allowances, and the taxation of individuals, partnerships, trusts, companies and consolidated groups.
Unit learning outcomes (ULO)
On the successful completion of this units student will be able to:
Discuss the Australian tax system, explain the variance between different types of taxes, and understand the basic concepts in taxation law.
Carry out calculations for income tax and GST for commercial transactions conducted by companies, trusts and partnerships.
Study the rules of assessable income and allowable deduction to solve a range of personal and business income tax problems.
Build a tax plan to arrange financial affairs in strict compliance with Australian and international taxation legislations.
Critique contemporary issues with regards to the Australian tax system and international taxation using relevant legislation.
Topics to be included in the unit
Overview of Australian taxation system and tax administration
Overview of International taxation laws
Deductions – general and specific
Capital expenditure allowances
Capital gains tax (CGT)
Taxation of individuals
Taxation of partnerships and trusts
Companies and dividends
Fringe benefits tax (FBT)
Goods and services tax (GST)
Taxation of consolidated groups
Grading and weighting (% total mark for unit)
Indicative due week
Assessment 1: Group Assignment
Assessment 2: Individual Assignment
Assessment 3: Final Exam
Final exam week
The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.