Credit Points 10

Legacy Code 200869

Coordinator James Paterson Opens in new window

Description This subject provides an overview of the Australian taxation system as it affects the financial planning environment. Many financial planning decisions have a tax impact. Further, some financial products and much financial advice derive at least some of their value from their taxation consequences. Key topics covered include aspects of tax administration, tax planning concepts, the constitutional basis of taxation, assessable income concepts, international tax issues, the taxation of capital, allowable deductions and offsets, and taxation of such entities as partnerships, trusts, companies and shareholders. The course will also address other taxes that impact the financial advice environment including the FBT and the GST.

School Law

Discipline Taxation Law

Student Contribution Band HECS Band 4 10cp

Check your fees via the Fees page.

Level Postgraduate Coursework Level 7 subject

Pre-requisite(s) Students in 2824 Master of Laws must have successfully completed LAWS 7056 before enrolling in this subject
Students in all other PG programs must have successfully completed LAWS 7009 before enrolling in this subject

Equivalent Subjects LAWS 7032

Incompatible Subjects LAWS 7069

Restrictions

Students must be enrolled in programs 2689 Master of Professional Accounting, 2793 Master of Financial Planning, 2794 GD Financial Planning, 2795 GC Financial Planning, 2807 M Stockbroking and Financial Advising, 2808 GD Stockbroking and Financial Advising, 2809 GC Stockbroking and Financial Advising, 2815 Master of Professional Accounting (Advanced) or 2824 Master of Laws to enrol in this subject. 
Students wishing to take this subject as an elective in any other PG programs will need approval from the Academic Program Advisor. 

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Identify and explain the key elements of the Australian Income Tax System and the key revenue law principles.
2. Apply the relevance of tax law information in decided taxation cases, effectively and appropriately, displaying clear understanding of how the case law and legislation are applied in solving tax law problems.
3. Apply their understanding of revenue law concepts to analysing and solving practical problems.

Subject Content

1. Aspects of tax administration
2. The Australian Taxation System
3. Concepts of Income
4. Capital Gain Tax
5. Allowable Deductions
6. Taxation of Partnerships and Trusts
7. Taxation of Companies and Shareholders
8. Tax Offsets and Rebates
9. Residence and Source
10. Fringe Benefits Tax
11. Goods and Services Tax
12. Taxation of Superannuation