Taxation
Duration
- One Semester or equivalent
Contact hours
- 36
2020 teaching periods
Hawthorn
| Higher Ed. Semester 2 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: |
Swinburne Online
| Teaching Period 3 | ||
|---|---|---|
Dates: Results: Last self enrolment: Census: |
Aims and objectives
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.
Students who successfully complete this unit will be able to:
2. Analyse, discuss and resolve issues relating to the determination of assessable income and allowable deductions
3. Explain taxation law that relates to the taxation of individuals and companies
4. Explain taxation law that relates to the taxation of partnerships, trusts and superannuation funds
5. Work collaboratively to analyse and communicate solutions to practical problems and case studies
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Face to Face Mode:
Scheduled hours: Lectures (12 x 1 hours), Tutorials (12 x 2 hour)
Other Student workload: Other activities including independent study and assessment tasks for a total of approximately 150 hours
Fully Online Mode:
Students are expected to spend 4 hrs per week in engagement online with learning activities and discussion boards; and other activities including independent study and assessment tasks for a total of approximately 150 hours
Students are expected to spend 4 hrs per week in engagement online with learning activities and discussion boards; and other activities including independent study and assessment tasks for a total of approximately 150 hours
Blended Kaplan:
Scheduled hours: Lectures (4x4 hours)
Students are expected to spend 2 hrs per week in engagement online with learning activities and discussion boards; and other activities including independent study and assessment tasks for a total of approximately 150 hours
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
1. Assignment (Group) 20 - 30%
2. Online Tests (Individual) 20 - 30% (In-Class test will still occur for Summer Term 2020) and Sarawak semester 1
2. Online Tests (Individual) 20 - 30% (In-Class test will still occur for Summer Term 2020) and Sarawak semester 1
3. Final Examination (Individual) 40 - 60%
General skills outcomes
During this unit students will receive feedback on the following key generic skills:
• Teamwork skills• Problem solving skills
• Analysis skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
Content
• 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.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.