ACC80012 Taxation Principles and Planning

Unit code: ACC80012

Duration: 1 Teaching Period

Contact hours: Recommended 10 hours of study per week

Aims and objectives

This unit aims to foster an understanding of the policy, principles and practice that underpin the Australian taxation system. The main emphasis is on taxation principles associated with the Income Tax Assessment Act, 1936 and 1997 as amended, together with those acts which are complementary to the Assessment Act. The unit provides students with the skills and expertise to tread more confidently through the tax law maze and enhance student’s ability to identify and evaluate taxation issues and tax planning opportunities.

 

Students who successfully complete this unit will be able to:

1. Critically evaluate the various principles of taxation based on the taxation legislation and decisions from case law in Australia
2. Apply advanced knowledge of the principles that distinguish between the concepts of income, capital and gifts and incorporate these into a tax planning environment
3. Critically analyse the complexities of taxation principles in relation to various taxable entities and
analyse and critically address the key issues related to tax planning opportunities
4. Apply knowledge of research principles to communicate the importance and significance of
current and landmark taxation decisions issued by the courts and Administrative Appeals Tribunal

This unit is found in Master of Professional Accounting.