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  2. Income Tax Framework II [LAW2410]

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Income Tax Framework II

  • Unit Code

    LAW2410

  • Year

    2017

  • Enrolment Period

    1

  • Version

    1

  • Credit Points

    15

  • Full Year Unit

    N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Mr Mahmood FADJIAR

Description

Income Tax Framework provides an introduction to the major legal principles by which income tax is levied on individuals, partnerships, companies and trusts.

Prerequisite Rule

Students must pass 1 units from LAW1100

Learning Outcomes

On completion of this unit students should be able to:

  1. Demonstrate an ability to apply the fundamental legal principles relating to Income Tax, Goods and Services Tax and Fringe Benefits Tax to practical situations including the ability to ascertain the taxable income of and tax payable by taxpayers.
  2. Demonstrate an understanding of the fundamental legal principles relating to Income Tax, Goods and Services Tax and Fringe Benefits Tax.
  3. Demonstrate the ability to develop analytic and problem solving skills.
  4. Discuss the main features of the Income Tax Assessment Acts.

Unit Content

  1. Introduction - Constitutional basis and administration of the Income Tax Assessment Act.
  2. Fringe Benefits Tax.
  3. Goods and Services Tax.
  4. Concepts of income: (a) ordinary income; (b) exempt income.
  5. Capital Gains.
  6. Deductions: (a) General Deductions; (b) Specific Deductions; (c) Capital Allowances.
  7. Offsets.
  8. Taxation of Companies - imputation system.
  9. Taxation of Partners/Partnership.
  10. Taxation of minors.
  11. Taxation of trust income - trustees/beneficiaries.

Additional Learning Experience Information

On-campus students attend a two hour lecture and one hour tutorial each week.

Off-campus students access lecture notes and tutorial material via Blackboard. Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
Tutorial PresentationTutorial Participation10%
TestMid Term Test30%
ExaminationFinal Examination60%
ONLINE
TypeDescriptionValue
Tutorial PresentationTutorial Participation10%
TestMid Term Test30%
ExaminationFinal examination60%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

LAW2410|1|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Income Tax Framework II

  • Unit Code

    LAW2410

  • Year

    2017

  • Enrolment Period

    2

  • Version

    1

  • Credit Points

    15

  • Full Year Unit

    N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Mr Mahmood FADJIAR

Description

Income Tax Framework provides an introduction to the major legal principles by which income tax is levied on individuals, partnerships, companies and trusts.

Prerequisite Rule

Students must pass 1 units from LAW1100

Learning Outcomes

On completion of this unit students should be able to:

  1. Demonstrate an ability to apply the fundamental legal principles relating to Income Tax, Goods and Services Tax and Fringe Benefits Tax to practical situations including the ability to ascertain the taxable income of and tax payable by taxpayers.
  2. Demonstrate an understanding of the fundamental legal principles relating to Income Tax, Goods and Services Tax and Fringe Benefits Tax.
  3. Demonstrate the ability to develop analytic and problem solving skills.
  4. Discuss the main features of the Income Tax Assessment Acts.

Unit Content

  1. Introduction - Constitutional basis and administration of the Income Tax Assessment Act.
  2. Fringe Benefits Tax.
  3. Goods and Services Tax.
  4. Concepts of income: (a) ordinary income; (b) exempt income.
  5. Capital Gains.
  6. Deductions: (a) General Deductions; (b) Specific Deductions; (c) Capital Allowances.
  7. Offsets.
  8. Taxation of Companies - imputation system.
  9. Taxation of Partners/Partnership.
  10. Taxation of minors.
  11. Taxation of trust income - trustees/beneficiaries.

Additional Learning Experience Information

On-campus students attend a two hour lecture and one hour tutorial each week.

Off-campus students access lecture notes and tutorial material via Blackboard. Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
Tutorial PresentationTutorial Participation10%
TestMid Term Test30%
ExaminationFinal Examination60%
ONLINE
TypeDescriptionValue
Tutorial PresentationTutorial Participation10%
TestMid Term Test30%
ExaminationFinal examination60%

Core Reading(s)

  • (2016). Fundamental tax legislation 2016. Pyrmont, NSW: Thomson Reuters.
  • Sadiq, K., Coleman, C., Hanegbi, R., Jogarajan, S., Krever, R., Obst, W., … Ting, A. (2016). Principles of taxation law 2016. Pyrmont, NSW: Thomson Reuters.

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

LAW2410|1|2