LAWS19033 - Taxation Law and Practice A
Term 1 - 2017


All details in this unit profile for LAWS19033 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

Overview

The Constitution and taxation power; the taxing formula; the concept, source and derivation of income at ordinary concepts; exempt income; non-assessable non-exempt income; allowable deductions; tax rates, tax offsets and levies; statutory inclusions in income including capital gains, trading stock; fringe benefits tax; goods and services tax; taxation of companies; partnerships and trusts; administrative provisions.

Details

Career Level Undergraduate
Unit Level Level 3
Credit Points 6
Student Contribution Band 3
Fraction of Full-Time Student Load 0.125

Pre-requisites or Co-requisites

Prerequisite (ACCT11059 or ACCT11057) and (LAWS11030 or LAWS19031 or LAWS11054)

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Offerings

Term 1 - 2017
  • Brisbane
  • Bundaberg
  • Distance
  • Mackay
  • Melbourne
  • Rockhampton
  • Sydney

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Assessment Overview

Assessment Task Weighting
1. Written Assessment 40%
2. Examination 60%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback Source Recommendation
Most students indicated that the video lectures were a valuable resource but some students thought there were too many videos. Course evaluation. Keep the videos updated and remind students that they are available for them to utilise as they are best able.
On successful completion of this unit, you will be able to:
  1. Describe at a basic level the Australian income taxation system
  2. Explain the main concepts and principles of Australian income taxation law
  3. Apply taxation laws and prepare income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts
  4. Discuss a range of other taxes in the Australian taxation regime, including fringe benefits tax and goods and services tax.

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4
1 - Written Assessment  
2 - Examination  

Alignment of Graduate Attributes to Learning Outcomes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4
1. Communication
2. Problem Solving
3. Critical Thinking
4. Information Literacy
5. Team Work        
6. Information Technology Competence        
7. Cross Cultural Competence        
8. Ethical practice

Alignment of Assessment Tasks to Graduate Attributes

  • Introductory Level
  • Intermediate Level
  • Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Written Assessment      
2 - Examination        

Prescribed Textbooks

Foundations of Taxation Law 2017
Author/s: Stephen Barkoczy Year: 2017
Edition: 9th edition Publisher: Oxford University Press
City: Sydney State: NSW
Country: Australia
Tax Questions and Answers 2017
Author/s: Hodgson, Mortimer & Butler Year: 2017
Edition: 2017 Publisher: Thomson Reuters
City: Sydney State: NSW
Country: Australia
View textbooks at the CQUniversity Bookshop
Note:

The examination for this unit is an open book examination. Textbooks will be allowed into the exam room but there will be no access to electronic devices so e-textbooks will not be suitable for this purpose.

The prescribed textbooks are used extensively throughout the unit and it is strongly recommended that you purchase these texts.

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
All submissions for this unit must use the American Psychological Association (APA) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorDominic Lococo - lococod (d.lococo@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

Introduction to taxation law in Australia




Foundations of Taxation Law - Chapters 1 - 6








Week 2 13-03-2017

Residence, source and derivation




Foundations of Taxation Law - Chapters 9 and 16








Week 3 20-03-2017

Assessable, exempt and NANE income




Foundations of Taxation Law - Chapters 10, 11,12 and 32








Week 4 27-03-2017

Statutory income: Capital gains, trading stock, recoupments




Foundations of Taxation Law - Chapter 11, Chapter 18 and Chapter 19.1 - 19.10








Week 5 03-04-2017

Allowable deductions - General deductions




Foundations of Taxation Law - Chapter 13 and Chapter 15







Vacation Week 10-04-2017










Week 6 17-04-2017

Allowable deductions - Specific deductions




Foundations of Taxation Law - Chapters 14, 15 and 17







Week 7 24-04-2017

Tax rates, tax offsets and the Medicare levy




Foundations of Taxation Law - Chapter 8





Week 8 01-05-2017

Introduction to company taxation




Foundations of Taxation Law - Chapters 22 and 25, 8.7








Week 9 08-05-2017

Taxation of partnerships and trusts




Foundations of Taxation Law - Chapters 23 and 24, 8.7 and 28.5








Written Assessment Due Wednesday (10 May 17) 11:45 PM AEST
Week 10 15-05-2017

Returns and assessments, tax collection




Foundations of Taxation Law - Chapters 47 and 48








Week 11 22-05-2017

Other taxes: FBT




Foundations of Taxation Law - Chapter 20








Week 12 29-05-2017

Other taxes: GST




Foundations of Taxation Law - Chapter 7; 7.1 - 7.16








Review/Exam Week 05-06-2017











Exam Week 12-06-2017











1 Written Assessment

Assessment Title Written Assessment
Task Description

This assignment is a written assignment worth 40% of the unit covering aspects of the unit covered in Weeks 1 - 8 of the term. There will be a short answer component and a problem solving component to the assignment. These components will require you to demonstrate your information literacy skills by locating information about tax and to further demonstrate your problem solving skills by identifying tax issues and locating the relevant legislative and secondary sources to support your argument regarding these issues. The total word count for the assignment will not be more than 3 000 words.

Further details regarding the assignment will be provided on the Moodle site for the unit at the start of the term.

Assessment Due Date Week 9 Wednesday (10-May-2017) 11:45 PM AEST
Assignments submitted after this date (or a date approved by the unit coordinator after an extension application) shall incur a penalty of 5% per day.
Return Date to Students Week 11 Friday (26-May-2017)
Assignments that are submitted on time will be returned by close of business on Friday of Week 11. Assignments which are submitted late may be returned after this time.
Weighting 40%
Assessment Criteria

Referencing System

The American Psychological Association (APA) method of referencing is the designated method of referencing for this unit. Additional information regarding this method is available through the library or the Academic Learning Centre. When making a reference, cite the original source or authority in preference to a secondary source such as the textbook especially when you are discussing various sections of the legislation. This means you should make reference to legislation, cases and Tax Rulings as a priority to back up any arguments that you make in your assignment.

Word Limit

Do not exceed the word limit if you can possibly avoid doing so. You may find that you have written too much so it is probably worthwhile to edit your assignment so that it is more tightly structured. Some of the information you have included in the text may be better placed in the footnotes.

Evaluation Criteria

These criteria are a general guide as to the standard expected at the various levels. Characteristics indicative of the respective levels of achievement in the assignment are as follows. It is not necessarily the case that all these criteria will be met at a particular standard as there may be a superior performance on one of the criteria and not so satisfactory performance on another.

High distinction standard

· The answer is very well written and clearly expressed

· There is a demonstrated appreciation and understanding of the issues involved

· The answer is well structured and logically organised

· Demonstrated mastery of referencing system

· There is evidence of a comprehensive analysis of the issues

· Conclusions are backed by well-reasoned arguments demonstrating a detailed insight and analysis of issues

· Comprehensive coverage of all relevant issues

· References are made to the appropriate legislation for particular issues

· Statutory provisions are analysed and interpreted correctly

· The legislation is applied to the particular fact situation in a competent manner

· Consideration is given to the operation of the common law

· There may be consideration of issues not raised in the tutorials and answer guides

Distinction standard

· The answer is well written and expressed

· The answer is structured and logical

· The issues have been reasonably well identified and appreciated

· There is correct use of referencing

· Issues have been analysed

· Reference is made to all appropriate legislation, although the analysis and interpretation is not as detailed and reasoned as for the high distinction standard

· The effect of the common law is considered

· There is a comprehensive coverage of the issues

· Occasional errors of law and legal reasoning may still be present

Credit standard

· The answer is generally well written and expressed

· The answer is structured and sequential

· Referencing is satisfactory

· Issues are identified and addressed

· There has been an attempt to analyse some of the issues

· The coverage of issues is reasonably comprehensive often with a good treatment and analysis of particular points

· Errors of law and incorrect reasoning may sometimes be present

· Statutory interpretation may require improvement

· Depth of treatment is often lacking in some of the issues

· Pass standard

· The answer is able to be followed and understood

· The answer could perhaps be better organised and structured

· The referencing may need improvement

· Issues may need to be identified and addressed in more depth

· Analysis when present may be incorrect

· Some familiarity with the legislation and its application is demonstrated

· Sometimes the conclusions reached are simple

· There may be several errors of law

· There may be quantities of material of marginal relevance included in the answer

Fail standard

· The answer may be significantly short of the required length

· The written expression is poor and difficult to understand

· The answer is poorly organised

· There has been a failure to identify and address the issues in the question

· Referencing is generally inadequate

· There is a lack of familiarity with the legislation and its appropriate application

· The reasoning and application demonstrated is poor

· Frequently there is much irrelevant material

Referencing Style American Psychological Association (APA)
Submission Online

The assignment must be submitted by 11.45pm on Wednesday of Week 9. The assignment must be submitted in one (1) Word document only. All assignments must be clearly identified with the student name and student number of the submitting student.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Describe at a basic level the Australian income taxation system

2. Explain the main concepts and principles of Australian income taxation law

3. Apply taxation laws and prepare income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

4. Information Literacy

8. Ethical practice



Examination

Outline Complete an examination
Date During the University examination period
Weighting 60%
Length 180 minutes
Details Law dictionaries, Business and Law dictionaries (discipline specific dictionaries) are authorised.
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised.
Open Book
Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

2. Explain the main concepts and principles of Australian income taxation law

3. Apply taxation laws and prepare income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts

4. Discuss a range of other taxes in the Australian taxation regime, including fringe benefits tax and goods and services tax.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Communication

2. Problem Solving

3. Critical Thinking

8. Ethical practice


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