Taxation

Overview

At the completion of this unit students are expected to have a basic understanding of the Income Tax Assessment Acts 1936 and 1997 as amended, the Fringe Benefit Tax Assessment Act 1986 together with those Acts which are complementary to the Assessment Acts.

Requisites

Prerequisites

ACC10007 Financial Information for Decision Making

Rule

150 Credit Points

AND

ACC10007 Financial Information for Decision Making

Antirequisites

LAW20033 Taxation Law

Teaching periods

Location

Start and end dates

Last self-enrolment date

Census date

Last withdraw without fail date

Results released date

Semester 2

Hawthorn

04-August-2025
02-November-2025

17-August-2025

31-August-2025

19-September-2025

09-December-2025

Semester 1

Hawthorn

02-March-2026
31-May-2026

15-March-2026

31-March-2026

21-April-2026

07-July-2026

Teaching Period 1

Online

09-March-2026
07-June-2026

22-March-2026

07-April-2026

28-April-2026

30-June-2026

Semester 2

Hawthorn

03-August-2026
01-November-2026

16-August-2026

01-September-2026

22-September-2026

08-December-2026

Unit learning outcomes

Students who successfully complete this unit will be able to:

Describe the key administrative components of the Australian taxation system and the basic principles of Australian income tax , fringe benefit tax and goods and services taxation legislation
Analyse, discuss and resolve issues relating to the determination of assessable income and allowable deductions
Explain taxation law that relates to the taxation of individuals and companies
Explain taxation law that relates to the taxation of partnerships, trusts and superannuation funds
Work collaboratively to analyse and communicate solutions to practical problems and case studies

Teaching methods

Hawthorn

Type	Hours per week	Number of weeks	Total (number of hours)
On-campus Class	2.00	12 weeks	24
Online Lecture	1.00	12 weeks	12
Unspecified Activities Independent Learning	9.50	12 weeks	114
TOTAL			150

Swinburne Online

Type	Hours per week	Number of weeks	Total (number of hours)
Online Directed Online Learning and Independent Learning	12.50	12 weeks	150
TOTAL			150

Assessment

Type	Task	Weighting	ULO's
Assignment	Group	20 - 30%	1,2,3,4,5
Examination	Individual	40 - 60%	1,2,3,4
Online Tests	Individual	20 - 30%	1,2,3,4

Content

Administration aspects of taxation
Concepts of income and assessable income
Distinction between income and capital
Fringe benefits tax
Capital gains tax
Goods and services tax
Source, residency and derivation
General and specific deductions; non-deductions
Companies and shareholders
Individuals and partnerships
Taxation of trusts and superannuation and tax strategies in financial planning

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.