Taxation

Description

Unit description: Introduces students to Commonwealth and State taxation laws, with emphasis on general principles and application of each type of tax, and the role of the accountant in the administration of taxation. Students will engage in teacher-directed activities that focus on the interpretation, application and communication of particular taxation aspects governing different entity types. Unit content: This unit develops a working knowledge of Australian Taxation legislation including Fringe Benefits Tax Assessment Act 1986, the Income Tax Assessment Act 1936 (ITAA 1936), the Income Tax Assessment Act 1997 (ITAA 1997), Taxation Administration Act 1953 (TAA 1953), Tax Agent Services Act 2009 (TASA). Module 1: Overview of Australian income tax including payroll systems Module 2: Income Tax – Concepts of income including statutory income and exempt income, and capital gains Module 3: Income Tax – General and specific deductions Module 4: Goods and services tax Module 5: Fringe benefits tax Module 6: Income Tax – Taxation of entities, taxation administration, tax agents, and ethics Learning outcomes: Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes . The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.