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  2. Introduction to Taxation Law [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

    Introduction to Taxation Law

  • Unit Code

    LAW2410

  • Year

    2027

  • Enrolment Period

    1

  • Version

    5

  • Credit Points

    15

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Clare Jing Ni TAI

Description

This unit provides a practical introduction to Australian taxation law. Students will identify legislation including income tax, consumption taxes, goods and services tax, capital gains tax, fringe benefits tax and determine the tax payable for individuals and business entities, companies, trusts and minors.

Prerequisite Rule

Students must have passed LAW2300.

Incompatible Rule

Students enrolled into V72, Y11,Y66, K30, W83 and W28 cannot enrol into this unit.

Learning Outcomes

On completion of this unit students should be able to:

  1. Provide solutions to income tax problems through the use of critical thinking.
  2. Apply legal principles relating to Income Tax, Goods and Services Tax and Fringe Benefits Tax to practical tax-based problems.
  3. Discuss the key features of the Income Tax Assessment Acts.

Unit Content

  1. Introduction - Constitutional basis, Sources of Taxation Law and Institutional framework of Tax Administration in Australia.
  2. Goods and Services Tax.
  3. Income: ordinary income, statutory income, exempt income and non-assessable non-exempt income, income from personal exertion, income from property and income from a business, revenue versus capital distinction, and offsets.
  4. Deductions: general and specific deductions, deductions in carrying on a business, trading stock calculation and valuation.
  5. Uniform Capital Allowances: Depreciating assets using the prime cost method and diminishing value method; explain and calculate balancing adjustments.
  6. Capital Gains Tax (CGT): Basic CGT concept including CGT exemptions and concessions; the application of gains and losses and the calculation of the discount; calculating a taxpayer's capital gain or loss.
  7. Partnership: Determine what a partnership is and discuss the general tax principles for partnerships; to calculate the net income of a partnership including the partner's share of net income.
  8. Minors and Trusts: Income of Minors, identify common types of trusts, calculate the net income or loss of a trust, and how the net income of a trust is taxed.
  9. Goods and Services Tax (GST): The administration and compliance of GST, and its interaction with Income Tax; GST Framework and calculate net GST payable/refundable.
  10. Fringe Benefits Tax (FBT) and Employment remuneration: The FBT Framework and calculate FBT payable, pay as you go (PAYG)/pay as you earn (PAYE) system of taxation collection and the treatment of allowances to individual taxpayers; tax treatment of salary sacrifice into superannuation.
  11. International Transactions: Taxation issues associated with non-complex international transactions; tax payable by taxpayers in receipt of foreign income.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

ON CAMPUS
TypeDescriptionValue
Tutorial PresentationTutorial Participation10%
AssignmentMid-semester Assignment30%
ExaminationFinal Examination60%
ONLINE
TypeDescriptionValue
Tutorial PresentationTutorial Participation10%
AssignmentMid-semester Assignment30%
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.

Assessment

Students please note: The marks and grades received by students on assessments may be subject to further moderation. Informal vivas may be conducted as part of an assessment task, where staff require further information to confirm the learning outcomes have been met. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work as well as any generative artificial intelligence tools that may have been used. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

  • Plagiarism: Copying the words, ideas or creative works of other people or generative artificial intelligence tools, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).
  • Unauthorised collaboration (collusion): Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).
  • Contract cheating: Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.
  • Cheating in an exam: Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment Procedure - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment Procedure - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

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