units

BTC3150

Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Business Law and Taxation
OfferedClayton First semester 2015 (Day)
Clayton Second semester 2015 (Day)
Coordinator(s)Dr Ken Devos (First semester); Mr Jonathan Teoh (Second semester)

Synopsis

An introduction to Australian taxation. Topics include residence and source; assessable income; capital gains; GST; FBT; allowable deductions including repairs, deductions and substantiation; and individual offsets.

Outcomes

The learning goals associated with this unit are to:

  1. analyse and apply the appropriate taxation law for various income and capital receipts in given fact situations
  2. analyse and apply the appropriate taxation law for both general and specific deductions in given fact situations
  3. calculate the taxable value of various fringe benefits
  4. describe the major elements of both the GST and CGT

To practice as a tax agent in Australia, an accountant is expected to be registered with the Commonwealth Government's Tax Practioner's Board. This unit has been designed to satisfy the requirements of one of two courses required for registration as a tax agent.

Assessment

Within semester assessment: 30%
Examination: 70%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Dr Ken Devos (First semester)
Mr Jonathan Teoh (Second semester)

Prerequisites

Prohibitions