- 6 points
If this unit does not have an online alternative, then students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.
Availability Location Mode Semester 1 UWA (Perth) Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online. Semester 1 UWA (Perth) Online timetabled 100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit includes some synchronous components, with a requirement for students to participate online at specific times. Semester 1 Albany Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
- Details for undergraduate courses
- Level 2 option in the Accounting major sequence
- 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.
- Indicative assessments in this unit are as follows: (1) assignments; (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
- Contact hours
- lectures/tutorials/seminars/workshops: up to 3 hours per week
- 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.
- Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.