In this unit, students will acquire technical and working knowledge of the key provisions of Australian Tax Law and apply to a range of problems to determine taxation consequences. Comparisons of tax implications relating to business, individuals and trusts will be undertaken along with research and analysis to develop strategic tax planning solutions. Strategies and recommendations will also be contextualised to include specialised financial planning applications such as taxation implications related to superannuation, insurance and estate planning. 

This unit is designed to meet the requirements of a Financial Adviser Standards and Ethics Authority [FASEA] approved degree and successful completion of this unit may count towards the annual Continuing Professional Development (CPD) requirement for the financial advisers and planners, to a maximum of 30 CPD hours per year.

This unit aligns to the knowledge requirements of the Tax Practitioners Board.

Unit details

Location:
Victoria University Online
Study level:
Postgraduate
Credit points:
12
Unit code:
BAO6005

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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Explain the key provisions of Australian taxation law across a range of individual and business scenarios and demonstrate a working knowledge of the legal concepts, principles and tax treatment calculations;  
  2. Apply Australian taxation Law to the preparation of income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts;  
  3. Analyse the compliance requirements of the Australian taxation system, including a critical awareness of the concept of tax avoidance and evasion provisions in the Australian tax legislation;  
  4. Compare tax implications of different business structures and individual circumstances, research tax applications and provide strategic advice regarding the tax issues arising from a range of financial planning and common taxpayer scenarios; and  
  5. Demonstrate an understanding of the general requirements of the TPB and TASA Act and implications in relation to providing professional financial planning advice.  

Assessment

Assessment type Description Grade
Assignment Tax Law, Principles and Concepts (500 words) 10%
Portfolio Portfolio of Applied Tax and Professional Advice Activities (2000 words) 40%
Project Tax Strategies and Recommendations (2500 words) 50%

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As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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