Australian Income Tax Law and Practice

Unit code: BLO5539 | Study level: Postgraduate
12
(Generally, 1 credit = 10 hours of classes and independent study.)
City Campus
City Flinders
VU Sydney
BLO5540 - Business and Company Law
(Or equivalent to be determined by unit coordinator)
Overview
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Overview

This unit explores the tax regime in Australia, through a critical review of relevant law and the broader administrative environment detailing the role of the Australian Taxation Office and Tax Practitioners Board. A thorough understanding of the tax regime is then applied to the taxation and administrative requirements of numerous entities. Students should be able to advise on complex tax issues, using professional judgement and respecting anti-avoidance provisions.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Resolve tax problems by applying common law and legislation in Australia's tax system, including the Tax Agent Services Act 2009;
  2. Interrogate the core provisions and the interaction between the Goods and Services Tax, Fringe Benefits Tax, Income Tax, Capital Gains Tax and Trading Stock in Australia;
  3. Critically review and explain the specific taxing requirements of each of the key entities that operate in the Australian taxation system;
  4. Critically review and explain the key areas of taxation administration; including returns, assessments, withholding, rulings, appeals, information requests and the differences between planning, evasion and avoidance;
  5. Exemplify professional judgements and advise on issues relating to tax payable by individuals, companies, superannuation funds and other business structures; and,
  6. Review and explain developing taxation law in areas such as International Taxation and Advanced Capital Gains Tax.

Assessment

For Melbourne campuses

Assessment type: Assignment
|
Grade: 30%
3 x scenario-based practical tax problems (progressive assessments, 10% each)
Assessment type: Presentation
|
Grade: 20%
Group presentation on letter of advice
Assessment type: Test
|
Grade: 50%
Open book final test

Required reading

Foundations of Taxation Law
Barkoczy, S., (2020)| Oxford University Press, USA

As part of a course

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

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