Taxa2000 2024 Sem 1
Taxa2000 2024 Sem 1
Unit Outline
Acknowledgement of Country
We respectfully acknowledge the Indigenous Elders, custodians, their descendants and kin of this land past and
present. The Centre for Aboriginal Studies aspires to contribute to positive social change for Indigenous
Australians through higher education and research.
Syllabus
Studying this unit will introduce you to the Australian Taxation System and get you to critically consider the various
aspects of the taxation legislation with a focus on Income Tax, Fringe Benefit Tax, Goods and Services Tax and
Capital Gains Tax as well as a detailed investigation into the taxing of various tax entities used in Australia. You will
be exposed to considering the global aspect of taxation and how foreign companies and individuals are treated
for tax purposes in Australia. Being a tax professional is a privileged position but it comes with both social and
ethical responsibilities and in this unit we will identify these as well as taking a detailed looked at the various
bodies associated with the administration and review of the Australian Taxation System such as the Australia
Taxation Office, Inspector General of Taxation and the Tax Practitioners Board. Whilst this unit is an introductory
unit of taxation the detailed material and passion and enthusiasm of the teaching staff will ensure that you leave
the unit will an appreciation for the complexity of the Australian Taxation System and more importantly the vast
array of career opportunities that exist in this profession.
Introduction
Welcome to the unit on Introduction to Australian Tax Law. The primary aim of this unit is to introduce students to
the Australian Income Tax system and legislation, a taxation unit which aims to give a basic understanding of the
practical application of income tax law to a wide variety of business and financial activities. Goods and Services
Tax will be covered as well as the role of a tax professional
The Unit Outline is an important document with which you should be familiar. It sets out the relationship and
responsibilities between you, your lecturer, the Unit Co-ordinator and the University. It gives you important
information about the general aims of the unit, its resources, and details regarding the assessments, includng
mark allocation and dates of assessments.
You should study it carefully, paying particular attention to assessment details and dates. Information in this Unit
Outline specifies the requirements of this unit and explains your rights and responsibilities in relation to the
University.
If you do not understand any part of this document, do not hesitate to ask your lecturer or tutor
Graduate Capabilities
On successful completion of this unit students can:
addressed
1 Interpret the Australian and International Tax Systems and investigate the framework
in which it is administered
2 Examine the various sources of taxation law including income tax, fringe benefits
tax, goods and services tax,capital gains tax of various tax entities
3 Critique the different tax entities being sole trader, partnerships, trusts and
companies in relation to the way they are treated for tax purposes
4 Investigate the ethical and social responsibilities imposed on members of the
taxation profession
Curtin's Graduate Capabilities
Apply discipline
Innovative, creative and Effective communicators
knowledge, principles
entrepreneurial with digital competency
and concepts
Find out more about Curtin's Graduate Capabilities at the Learning Innovation and Teaching Excellence Centre
(LITEC) website: litec.curtin.edu.au
Learning Activities
There will be a 1 hour pre-recorded lecture and a 2 hour tutorial per week.
Lecture
The purpose of the seminar is to describe some of the principles in the unit and the application of those
principles. A lecture does not cover all there is to learn about the area. You will need to read and study further
those areas covered in the lecture. Similarly, it is not possible to cover in the lecture all the unit material contained
in a Practical Introduction to Australian Taxation Law. All material in a Practical Introduction to Australian Taxation
Law, whether covered in the lecture or not, is examinable in the test and the final examination.
You may approach your lecturer to discuss or clarify points arising from the lecture by either emailing or visiting
the lecturer at their designated consultation time. Seminars will generally follow the program as set out on the last
page of this Unit Outline.
Tutorials
Please ensure that you are prepared for your weekly tutorial. Each week the tutors will go through some of the
questions in the book and work through with students areas of concern.
Learning Resources
l You are required to purchase the following book for this unit, it contains all the
necesary information for the unit and is allowed for use in your IRIS
assessments
(ISBN/ISSN: 9781760733346)
Recommended texts
You do not have to purchase the following textbooks but you may like to refer to them.
Assessment
Assessment schedule
Unit
Late Assessment
Value Learning
Task Date Due Assessments Extensions
% Outcome(s)
Accepted?* Considered?*
Assessed
Research Essay 25% Week: 5 1,2 No Yes
1 Day: Thursday
Time: 11.59 pm
Invigilated etest 25% Week: 9 1,2 Yes Yes
2 Day: Friday
Time: 12.30 pm
Invigilated Final Exam 50% Week: During Exam 1,2,3,4 No Yes
Period
Day: During Exam
3
Perid
Time: During Exam
Period
*Please refer to the Late Assessment and the Assessment Extension sections below for specific details and
conditions.
1. Written Assignment
Please refer to the Assessment Page on the Blackboard for further details
The essay will need to be approximately 1100 words and will need to be lodged online using the turnitin
programme available on the Blackboard.
You can find a lot more detail on this assessment on the Blackboard
2. Mid Semester Test
This test covers topics 1, 2, 3 and 4.
Details of the test will be available on the Blackboard.
The test will be of 2 hours duration
Results will be released three weeks after the test. They will be posted on Blackboard. Please do not
send e-mails or post queries regarding the date of release of the results.
Assessment criteria:
1.1 List and calculate items that are included in Taxable Income
1.2 Notate and explain items that are excluded from Taxable Income
1.3 Use the cash or accrual basis of accounting where applicable
1.4 Calculate Net Tax Payable (including Low Income Tax Offset)
2.1 Calculate the decline in value of depreciating assets.
2.2 Calculate the deduction available under Division 43.
3.1 Calculate Capital Gains
3.2 Notate and explain items that are exempt or excluded from Capital Gains
3.3 Calculate Net Capital Gains including capital losses
3.4 Calculate Net Capital Gains for a business including the active asset discount
4. Provide legislative references and reasoning where required.
Additional information on the test will be provided on the Blackboard closer to the test date.
3. Final Exam
The final examination covers all topics of the course, with greater emphasis on Topics 5, 6, 7, 8 and 9.
The exam will be of 2 hours duration
Assessment Criteria:
4.1 Calculate the Net Income of a Partnership
4.2 Calculate the distribution of partnership income
5.1 Explain when a beneficiary of a trust is Presently Entitled and/or under a Legal Disability
5.2 Calculate the distribution of Trust Income and net tax payable by the trustee and /or beneficiary in the
case of a minor beneficiary
5.3 Calculate the tax payable by a minor
5.4 Calculate the net tax payable for undistributed income of a trust
5.5 Notate the sections of the Act applicable for the distributed and undistributed income of a trust.
6.1 Calculate Taxable Income/net income from accounting profit and show the reconciling items
7.1 Calculate the Taxable Income and Net Tax Payable by a Company
7.2 Include appropriate items in the Company’s Franking Account
7.3 Calculate the benchmark rate on payment of dividends
7.4 Calculate and explain the effect of under-franking and over-franking.
8.1 Explain an Input Tax Credit for GST
8.2 Calculate GST payable
9.1 Explain the role and obligations of a Tax Agent
10 Provide legislative references or reasoning when required.
Additional information on the test will be provided on the Blackboard closer to the test date Assessment
Compliance Information
The Final Exam will be held during the formal examination period. It is the student’s responsibility to check
the date and time of the Final Exam on the Curtin website.
Official release of results for this unit are published on Oasis on the Curtin website http://oasis.curtin.edu.au
Pass requirements
To pass this unit you must:
a Receive an overall grade of 5 or more and a total mark of at least 50% AND
b Attempt all assessments.
This means you can fail an assessment and still pass the unit.
Assessment Moderation
Pre-marking moderation
Peer review of the assessment design for constructive alignment;
Peer review of assessment design to ensure sampling across content;
Peer review of assessment task details (provided to students);
Peer review of examination questions for ambiguity, bias etc.;
Consultative development of marking guide/rubric;
Peer review of marking guide/rubric, or calibration of teaching and marking team for shared
understanding of the assessment requirements and used to inform teaching within the study period.
Late assessment
Where the submission of a late assessment is permitted, late penalties will be consistently applied in this unit.
Where a late assessment is permitted for an assessment item or the entirety of the unit (refer to the Assessment
Schedule table in this Unit Outline) and the student does not have an approved assessment extension:
1. For assessment items submitted within the first 24 hours after the due date/time, students will be penalised
by a deduction of 5% of the total marks allocated for the assessment task;
2. For each additional 24 hour period commenced an additional penalty of 10% of the total marks allocated
for the assessment item will be deducted; and
3. Assessment items submitted more than 168 hours late (7 calendar days) will receive a mark of zero.
Where late assessment is NOT permitted for an assessment item or the entirety of the unit (refer to the
Assessment Schedule table in this Unit Outline) and the student does not have an approved assessment extension:
1. All assessment items submitted after the due date/time will receive a mark of zero.
Assessment extension
Where an application for an assessment extension is permitted for an assessment item(s) within this unit (refer to
the Assessment Schedule table in this Unit Outline):
1. A student who is unable to complete an assessment item by/on the due date/time as a result of exceptional
circumstances beyond the student’s control, may apply for an assessment extension on the Assessment
Extension Application Form as prescribed by the Academic Registrar. The form is available on the Forms
page at https://students.curtin.edu.au/essentials/forms-documents/forms/ and also within the student's
OASIS (My Studies tab – Quick Forms) account.
2. The student will be expected to submit their application for an Assessment Extension with supporting
documentation via the online form.
3. Timely submission of this information supports the assessment process. For applications that are declined,
delayed submission may have significant ramifications on the possible marks awarded.
4. An application may be accepted up to five working days after the due date/time of the assessment item
where the student is able to provide a verifiable explanation as to why they were not able to submit the
application prior to the assessment due date/time
Where an application for an assessment extension is NOT permitted for an assessment item(s) within this unit
(refer to the Assessment Schedule table in this Unit Outline):
1. All assessment items submitted after the due date/time will be subject to late penalties or receive a mark of
zero depending on the unit permitting late assessment submissions.
Deferred assessments
If your results show that you have been granted a deferred assessment you should immediately check OASIS for
details.
Deferred examinations/tests will be held from 15/07/2024 to 24/07/2024 . Notification to students will be made
after the Board of Examiners’ meeting via the Official Communications Channel (OCC) in OASIS.
Further assessment
Further assessments, if granted by the Board of Examiners, will be held between 15/07/2024 and 24/07/2024 .
Notification to students will be made after the Board of Examiners meeting via the Official Communications
Channel in OASIS.
It is the responsibility of the student to be available to complete the requirements of a further assessment. If your
results show that you have been granted a further assessment you should immediately check OASIS for details.
Referencing style
The referencing style for this unit is Australian Guide to Legal Citiation.
More information on this referencing style can be obtained at https://drive.google.com/file/d/1TGvYqdqQnOU-
GtSV3I25ft6EyYIx_w4U/edit
Privacy
As part of a learning or assessment activity, or class participation, your image or voice may be recorded or
transmitted by equipment and systems operated by Curtin University. Transmission may be to other venues on
campus or to others both in Australia and overseas.
Your image or voice may also be recorded by students on personal equipment for individual or group study or
assessment purposes. Such recordings may not be reproduced or uploaded to a publicly accessible web
environment. If you wish to make such recordings for study purposes as a courtesy you should always seek the
permission of those who are impacted by the recording.
Recording of classes or course materials may not be exchanged or distributed for commercial purposes, for
compensation, or for any other purpose other than personal study for the enrolled students in the unit. Breach of
this may subject a student to disciplinary action under Statute No 10 – Student Disciplinary Statute.
If you wish to discuss this please talk to your Unit Coordinator.
Copyright
The course material for this unit is provided to you for your own research and study only. It is subject to
copyright. It is a copyright infringement to make this material available on third party websites without the express
written consent of Curtin University.
students.curtin.edu.au
and use Google Chrome with the IRIS browser extension to access the password protected assessment (specific
instructions listed above are available on Blackboard). During the assessment, IRIS records your video through
your webcam, the audio through your computer’s microphone, and what is showing on your computer’s screen.
This is to help ensure the integrity and fairness of the assessment for all students.
For general ICT assistance, in the first instance please contact OASIS Student Support:
oasisapps.curtin.edu.au/help/general/support.cfm
For specific assistance with any of the items listed below, please visit UniSkills and the IT tools and guides
webpage.
Additional information
CORE UNIT STATUS
If you are taking this unit as a required (core) unit in your course of study, you may be terminated from your
course of study if you fail this unit twice.
STUDY LOAD
10 hours per week
TEACHING STAFF
The teaching staff will assist you with your learning and any problems or difficulties you may be experiencing while
undertaking this unit. They will also mark your examinations and provide feedback in relation to your progress in
this unit.
If you leave a message for the lecturer or tutor by email or telephone, allow for a response time of one working
day.
Note: When contacting the teaching staff, please be aware that we are on Western Standard Time (+8 GMT).
You are welcome to contact your lecturer via email. Always provide your full name, student number and tutorial
group when you send an email. Please put an appropriate subject into the Subject Heading – e.g. Taxa2000
(Insert your venue – e.g. Bentley).
Please note that the lecturer will use a student’s Curtin email address if it is
necessary to contact a student. It is the student’s responsibility to ensure that
he/she regularly checks his/her Curtin email for official correspondence
Enrolment
It is your responsibility to ensure that your enrolment is correct - you can check your enrolment through the
eStudent option on OASIS, where you can also print an Enrolment Advice.
Information on all of the above is available through the University's "Student Rights and Responsibilities" website
at: students.curtin.edu.au/rights.
Note: In Australia and other jurisdictions, students are required to complete a screening check prior to
undertaking any activities that include children (e.g. surveying children at a school as part of a project). If this
applies to you, start by contacting your unit coordinator for advice.
Student Equity
There are a number of factors that might disadvantage some students from participating in their studies or
assessments to the best of their ability, under standard conditions. These factors may include a disability or
medical condition (e.g. mental illness, chronic illness, physical or sensory disability, learning disability), significant
caring responsibilities, pregnancy, religious practices, living in a remote location,or another reason. If you believe
you may be unfairly disadvantaged on these or other grounds please contact the appropriate service below. It is
important to note that the staff of the University may not be able to meet your needs if they are not informed of
your individual circumstances, so please get in touch with the appropriate service if you require assistance.
To discuss your needs in relation to:
Program calendar
Week Begin Suggested study program Pre- Assessment Due - please
Date readings review the Blackboard
Assessments
for further Details
O 19 No Classes
Week February
Tutorial - No Tutorial
2 4 March Lecture - Income PIAT
Australian
Tutorial - Taxation
Unit administration and
assessments
Australian
Tutorial - Trust and Minors Taxation
12 13 May Lecture - Goods and Services Tax PIAT
(GST) Australian
Taxation
Tutorial - Companies
13 20 May Lecture - Tax Professionals and PIAT
Revision Australian
Taxation
Tutorial - GST and Revision
15 27 May Study Week