Course overview
This course aims to introduce students to and provide an overview of the fundamental concepts of taxation law, to satisfy the educational requirements of professional bodies, and meet legislative requirements to provide Tax (Financial) Advice. Students will acquire the knowledge and skills required for professional practice, incorporating: the Tax Agent Services Act (2009); the income tax, capital gains tax, fringe benefits tax, and goods and services tax regimes; the taxation treatment of partnerships, trusts, minors, companies, and superannuation entities; international taxation; anti-avoidance provisions; tax planning; and tax administration.
Course learning outcomes
- Discuss and apply the operation of the income tax, fringe benefits tax and goods and services tax systems and associated legislation, particularly with respect to topics covered in the syllabus
- Discuss and apply case law to interpret the legislation
- Prepare reasonably argued positions to justify application of the legislation and case law to factual scenarios
- Describe basic tax planning
- Explain the administrative aspects of taxation, including assessments, amendments, objections, and appeals
- Examine policy issues underpinning the income tax system