ACCT5702 Taxation Australia

Credit
6 points
Offering
AvailabilityLocationMode
Not available in 2020UWA (Perth)Face to face
Content
The Taxation Australia unit examines and applies relevant Australian taxation law to various tax entities. It is practical in nature with candidates required to explain and calculate the taxation consequences applicable to a range of real-life simulated scenarios, including a comprehensive tax reconciliation which integrates the various units.
Outcomes
Students are able to (1) develop new technical and professional skills through exposure to a diverse range of practical, complex tax issues; (2) develop advanced technical knowledge of tax; (3) develop broader business skills in solving complex tax problems; and (4) demonstrate critical thinking and research skills in solving complex tax problems.
Assessment
Indicative assessments in this unit are as follows: (1) online assessments and (2) exam. Further information is available in the unit outline.

To pass this unit, a student must: (a) achieve an overall mark of 50 per cent or higher for the unit; and (b) achieve the requisite requirements(s) or a mark of 50 per cent or greater, whichever is higher and specified in the unit outline, for the exam component.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Professor Phil Hancock
Unit rules
Prerequisites:
ACCT5432 Introductory Financial Accounting
ECON5541 Economics for Business: Applications and Policy
MGMT5504 Data Analysis and Decision Making
ACCT5511 Intermediate Corporate Financial Accounting
ACCT5522 Principles of Auditing
ACCT5531 Financial Accounting: Theory and Practice
ACCT5633 Accounting for Planning and Control
ACCT5637 Principles of Taxation
FINA5533 Finance Essentials
LAWS5508 Commercial and Company Law
MGMT5506 Ethics and Sustainability Management
Incompatibility:
LAWS5236 Advanced Australian Corporate Taxation
Contact hours
workshops: up to 3 hours per week
Note
Six month rule
Legislation changes constantly. In the Chartered Accountants Program modules, candidates are expected to be up to date with the relevant legislation, Standards, cases, rulings, determinations and other guidance as they stand six months before the exam date, unless otherwise stated.

Candidates are always encouraged to be aware of current developments in all areas.

The relevant date for legislation is the date the legislation receives royal assent. The relevant date for cases is the date the case decision was handed down.
Texts

Barkoczy, S, 2018, Core Tax Legislation and Study Guide 2018, 21st edn, Oxford University Press,
South Melbourne, Victoria.
Note: The relevant tax legislation, which is part of required readings, can be accessed by either
referring to:
(i) Core Tax Legislation and Study Guide 2018 (prescribed textbook), or
(ii) Online at:
–– Australian Taxation Office legal database: www.ato.gov.au → Legal database
–– Australian Legal Information Institute (AustLII): www.austlii.edu.au.
When accessing the relevant tax legislation online, candidates will need to refer to the law
that is applicable to the income tax year ended 30 June 2019 and the fringe benefits tax year
ended 31 March 2019, as these are the years covered in the current offering of the unit.

  • 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.