- 6 points
|Semester 1||UWA (Perth)||Face to face|
- Details for undergraduate courses
- Level 2 option in the Accounting major sequence
- The area of knowledge for this unit is Management and Commerce
- Category B broadening unit for students
- Level 2 elective
- This unit provides an introduction to the law and practice of income taxation in Australia. It focuses on the principles governing the assessment of income and deductibility of expenditure, the treatment of capital gains and losses, the key provisions affecting individuals, partnerships, companies and trusts, and aspects of compliance and the appeals process. Core provisions of the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997 are examined. Kindred legislation such as the Fringe Benefits Tax Assessment Act 1986 and the Taxation Administration Act 1953 is also considered.
- Students are able to (1) identify the fundamental provisions of the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and Fringe Benefits Tax Assessment Act 1986; (2) identify important tax cases relevant to the interpretation of tax provisions, and commentaries relevant to them; (3) critically evaluate and solve basic to moderately difficult problems involving the computation of taxable income and tax liability; (4) think and reason logically when examining income tax issues, drawing on knowledge gained from reading and interpreting legislation and case law; and (5) justify and communicate advice on the tax consequences of events such as the disposal of an asset and the payment of an amount to a beneficiary of a trust.
- Typically this unit is assessed in the following ways: (1) participation; (2) online activities; and (3) examination. Further information is available in the unit outline.
Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
- Unit Coordinator(s)
- Dr Mark Holub
- Unit rules
- ACCT1101 Financial Accounting
- ACCT3331 Taxation
- Contact hours
- lectures/Practical Classes/seminars/workshops: up to 3 hours per week
- Unit Outline
- Students enrolled in the combined Bachelor of Commerce and Bachelor of Laws course are advised to enrol in the corresponding Bachelor of Laws unit LAWS3362 Income Taxation Law as this unit, ACCT2331 Taxation, cannot be credited towards the Bachelor of Laws, nor does it meet the prerequisite for further Bachelor of Laws units in this area.
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.