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duration Duration: 1 Teaching Period

unit code Unit Code: ACC30005

contact hours Contact Hours: Recommended 10 hours of study per week

About this unit

This unit aims to help students to understand: the basic concepts of income, capital and gifts; the rules governing allowable deductions and calculate taxable income; basic principles of the Fringe Benefit Taxation legislation; and the complexities of taxation in relation to various taxable entities. Students will research and explain the importance of current and landmark taxation decisions issued by the Courts and Administrative Appeals Tribunal. This will help them understand the major principles of tax planning issues and concepts.


  • Concepts of income and assessable income
  • Distinction between income and capital
  • Fringe Benefits Tax
  • Capital Gains Tax
  • Source, residency and derivation
  • General and specific deductions; non-deductions
  • Companies and shareholders
  • Individuals and partnerships.

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