Course Title: Taxation 1

Part A: Course Overview

Course Title: Taxation 1

Credit Points: 12


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 Vietnam Saigon Sth Campus

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

LAW2454

Hong Kong Management Associatn

Undergraduate

615H Accounting

Face-to-Face

Offsh 1 10

LAW2455

RMIT Vietnam Saigon Sth Campus

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

Course Coordinator: Michael Curran

Course Coordinator Phone: +61 3 9925 5762

Course Coordinator Email: michael.curran@rmit.edu.au


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:

  1. Provide legal advice, underpinned by Taxation Law principles, in a variety of business contexts.
  2. Identify and apply sections of legislation and principles of case law to provide recommendations in a variety of professional contexts through various communication tools.
  3. Interpret judgments, statutes and practice notes to effectively resolve legal issues.
  4. Summarize case studies and apply tax law to solve tax cases


Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, 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 through MyRMIT Studies\Blackboard. 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. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.

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

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.