Taxation Law of Australia

Unit code: BAO6005 | Study level: Postgraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
VU Online
Prerequisites
N/A
Overview
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Overview

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. Case scenarios will be employed to develop the students’ understanding of tax avoidance legislation and awareness of the consequences of tax avoidance and their ability to construct tax recommendations and explicate the consequences of unresolved tax problems. Professional skills including business awareness, obligations of the TPB and interpersonal skills related to presenting tax advice are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction.

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.

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.
  6. Participate in an academic community through reflective and critical engagement in academic texts and understanding of principles of academic integrity.

Assessment

For Melbourne campuses

Assessment type: Assignment
|
Grade: 10%
Tax Law, Principles and Concepts (500 words)
Assessment type: Examination
|
Grade: 40%
Australian Tax System and Applications (2000 words)
Assessment type: Project
|
Grade: 50%
Tax Strategies and Recommendations (2500 words)
Assessment type: Other
|
Grade: 0%
Evidence of completion of the Academic Integrity Modules (Hurdle)

Required reading

Selected readings will be made available via the unit VU Collaborate site.

As part of a course

This unit is studied as part of the following course(s):

Graduate Certificate in Business
BTBU | Graduate certificate | Duration: 8 months
Graduate Certificate in Financial Planning
BTFP | Graduate certificate | Duration: 8 months
Graduate Diploma in Financial Planning
BGFP | Graduate diploma | Duration: 16 months
Master of Financial Planning
BMFP | Masters (coursework) degree | Duration: 2 years

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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