Taxation Law 1

Course aim

To introduce students to income tax, including fringe benefits tax, and to satisfy the educational requirements of the professional accounting bodies.

Course content

Introduction to the income tax system; ordinary income; derivation of income; statutory income; exempt income; residence and source; introduction to capital gains tax; introduction to fringe benefits tax; general deductions; specific deductions; tax offsets; depreciation; trading stock; carrying on business; taxation treatment of partnerships, trusts, minors and companies, including dividend imputation; anti-avoidance provisions; tax planning; tax administration.

Textbook(s)

Robin Woellner, Stephen Barkoczy, Shirley Murphy, Chris Evans, Dale Pinto 2017, Australian Taxation Law, 27th edn, Oxford University Press, Melbourne

Stephen Barkoczy 2017, Core Tax Legislation & Study Guide, 20th edn , Oxford University Press, Melbourne

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
COML 2005	Companies and Partnership Law

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Lecture	1.5 hours x 13 weeks
Tutorial	1.5 hours x 12 weeks
EXTERNAL, CITY WEST, DISTANCE EDUCATION
External	N/A x 13 weeks
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Lecture	2 hours x 14 weeks
Tutorial	2 hours x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Written examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.