Course Title: Taxation 1

Part A: Course Overview

Course Title: Taxation 1

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
JUST1031	City Campus	Undergraduate	615H Accounting	Face-to-Face	Sem 1 2006, Sem 2 2006, Sem 1 2007, Sem 2 2007, Sem 1 2008, Sem 2 2008, Sem 1 2009, Sem 2 2009
JUST1033	Hong Kong Management Associatn	Undergraduate	615H Accounting	Face-to-Face	Offsh 1 09
JUST1152	RMIT University Vietnam	Undergraduate	615H Accounting	Face-to-Face	Viet2 2009, Viet3 2009
LAW2453	City Campus	Undergraduate	615H Accounting	Face-to-Face	Sem 1 2010, Sem 1 2011, Sem 1 2012, Sem 2 2012, Sem 1 2013, Sem 2 2013, Sem 1 2014, Sem 1 2015, Sem 2 2015, Sem 1 2016, Sem 1 2018, Sem 2 2018, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021
LAW2453	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Sem 1 2022, Sem 2 2022, Sem 1 2023, Sem 2 2023, Sem 1 2024
LAW2454	Hong Kong Management Associatn	Undergraduate	615H Accounting	Face-to-Face	Offsh 1 10
LAW2455	RMIT University Vietnam	Undergraduate	615H Accounting	Face-to-Face	Viet1 2010, Viet1 2011, Viet2 2011, Viet1 2012, Viet2 2012, Viet3 2012, Viet1 2013, Viet2 2013, Viet3 2013, Viet1 2014, Viet2 2014, Viet3 2014, Viet1 2015, Viet2 2015, Viet3 2015, Viet1 2016, Viet2 2016, Viet3 2016, Viet2 2017

Course Coordinator: Elizabeth Morton

Course Coordinator Phone: +61 3 9925 5886

Course Coordinator Email: elizabeth.morton@rmit.edu.au

Course Coordinator Location: Melbourne

Course Coordinator Availability: Monday - Friday

Pre-requisite Courses and Assumed Knowledge and Capabilities

Assumed Knowledge
It is assumed you have a fundamental knowledge of the legal framework.

Course Description

This course will provide you with a sound understanding of the principles of taxation in relation to income tax for individuals and trading entities. The course considers the provisions of the Income Tax Assessment Acts of 1936 and 1997 and gives emphasis to the issues of assessable income and allowable deductions in respect of both the common law as well as statutory provisions. The course also considers the Fringe Benefit Tax Assessment Act 1986 and the Goods and Services Tax Act 2000.

This course emphasises presentation and research skills combined with formulation of arguments based on legal principles. In these respects, the course plays a vital role in professional development of accountants and other professionals such as financial planners.

Objectives/Learning Outcomes/Capability Development

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On successful completion of this course you will be able to:

CLO1 Develop specialised knowledge and skills across a variety of taxes, including the fundamental principles of Australian income tax, capital gains tax, fringe benefits tax and goods and services tax.

CLO2 Investigate and apply principles of taxation law for a variety of taxpayers, including individual and business entities.

CLO3 Analyse, interpret and evaluate sources of taxation law, including legislation, case law and ATO guidance, to investigate and resolve a variety of tax problems.

CLO4 Consolidate and synthesise specialised knowledge to generate and communicate professional judgement for variety of taxation issues.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. These may include quizzes; assignments; prescribed readings; sourcing the law, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
 

Overview of Learning Resources

Various learning resources are available online and through Canvas. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 1, 2, 3, 4
Assessment Task 2: 30%
Linked CLOs: 1, 2, 3, 4
Assessment Task 3: 50%
Linked CLOs: 1, 2, 3, 4

Feedback will be provided throughout the semester in class, on canvas and by individual consultation.