Course overview
This course will introduce students to income tax, goods and services tax and fringe benefits tax and to satisfy the educational requirements of the professional accounting bodies. Introduction to the Tax Agent Services Act (2009); 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; introduction to the goods and services tax; general deductions; specific deductions; tax offsets; depreciation; trading stock; small business concessions; taxation treatment of partnerships, trusts, minors, companies including dividend imputation, and superannuation; introduction to international taxation; anti-avoidance provisions; tax planning; tax administration.
Course learning outcomes
- Critically assess the operation of the income tax, fringe benefits tax and goods and services tax legislation.
- Critically assess the role that case law plays in the interpretation of the income tax legislation.
- Evaluate policy issues underpinning the income tax, fringe benefits tax and goods and services tax legislation.
- Provide appropriate tax advice and prepare reasonably arguable positions to communicate and defend it.
- Demonstrate UniSA Business Enterprise Skills in the context of the Accounting discipline: i) Problem Solving (advanced level); ii) Ethical Awareness (advanced level); and iii) Written Communication (advanced level).