AYB320 Advanced Taxation Law
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYB320 |
|---|---|
| Prerequisite(s): | AYB203 or AYB219 or AYB325 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,044 |
Unit Outline: Semester 1 2024, Gardens Point, Internal
| Unit code: | AYB320 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB203 or AYB219 or AYB325 |
| Coordinator: | Nathan Lindemann | n.lindemann@qut.edu.au |
Overview
As many business decisions involve a consideration of the taxation implications, accountancy graduates should possess knowledge of the Australian taxation system so that they can develop skills required for professional practice. The purpose of this unit is to enhance student's understanding of taxation concepts by extending the basic fundamental principles learned in AYB219 Taxation Law and exploring advanced taxation concepts in more depth.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate advanced knowledge of Australian taxation law i.e. legislation, cases, taxation rulings and determinations
- Exercise critical thinking and evidence based judgement in order to make recommendations on complex taxation issues
- Communicate in written and oral forms to clearly and professionally structure and present ideas, judgements and opinions
- Apply knowledge of taxation regulation to respond to legal issues of tax entities
Content
The following provides a brief overview of the topics to be covered
- Partnership
- Trusts
- Companies and dividends
- Employers and employee tax responsibilities
- Retirement and superannuation
- International taxation
- CGT small business concessions
- Tax planning and tax avoidance provisions
- Goods and services tax
- The tax profession in Australia.
The generic capabilities developed in this unit are:
- Discipline knowledge
- Critical thinking and judgement
- Written and oral communication
- Legal knowledge
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the aims and learning outcomes of the unit. The emphasis in Advanced Taxation Law is to equip students with the necessary skills so as to research and solve tax-related problems.
All learning material other than the prescribed text will be made available online using the unit's Canvas site. Weekly sessions will focus on addressing key concepts, and opportunities will be provided for students to develop and demonstrate their competence through active participation.
COVID-19 restrictions may require changes to the planned Learning Approaches described here. Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester, which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Professional Presentation
Professional presentation on a selected tax topic comprising the following tasks:
- an oral presentation
- a written submission
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): PC (3.1, 3.2), SE (5.1)
Assessment: Online Examination
This examination involves 20 multiple choice questions covering all (or possibly covering all) topics covered in weeks 1 to 6.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Final Exam
Will include problem solving questions based on topics covered during the entire semester.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.1), SE (5.1)
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
- Australian Tax Handbook 2021, Thomson, Sydney, NSW, 2021; or
- Australian Master Tax Guide 2021, CCH Australia Ltd, Sydney, NSW, 2021
- Fundamental Tax Legislation 2021, Thomson, Sydney, NSW, 2021; or
- Australian Core Tax Legislation & Study Guide 2021 CCH Australia Ltd, Sydney, NSW, 2021.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit.
You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Unit Outline: Semester 1 2024, Online
| Unit code: | AYB320 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYB203 or AYB219 or AYB325 |
Overview
As many business decisions involve a consideration of the taxation implications, accountancy graduates should possess knowledge of the Australian taxation system so that they can develop skills required for professional practice. The purpose of this unit is to enhance student's understanding of taxation concepts by extending the basic fundamental principles learned in AYB219 Taxation Law and exploring advanced taxation concepts in more depth.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate advanced knowledge of Australian taxation law i.e. legislation, cases, taxation rulings and determinations
- Exercise critical thinking and evidence based judgement in order to make recommendations on complex taxation issues
- Communicate in written and oral forms to clearly and professionally structure and present ideas, judgements and opinions
- Apply knowledge of taxation regulation to respond to legal issues of tax entities
Content
The following provides a brief overview of the topics to be covered
- Partnership
- Trusts
- Companies and dividends
- Employers and employee tax responsibilities
- Retirement and superannuation
- International taxation
- CGT small business concessions
- Tax planning and tax avoidance provisions
- Goods and services tax
- The tax profession in Australia.
The generic capabilities developed in this unit are:
- Discipline knowledge
- Critical thinking and judgement
- Written and oral communication
- Legal knowledge
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the aims and learning outcomes of the unit. The emphasis in Advanced Taxation Law is to equip students with the necessary skills so as to research and solve tax-related problems.
All learning material other than the prescribed text will be made available online using the unit's Canvas site. Weekly sessions will focus on addressing key concepts, and opportunities will be provided for students to develop and demonstrate their competence through active participation.
COVID-19 restrictions may require changes to the planned Learning Approaches described here. Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester, which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Professional Presentation
Professional presentation on a selected tax topic comprising the following tasks:
- an oral presentation
- a written submission
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): PC (3.1, 3.2), SE (5.1)
Assessment: Online Examination
This examination involves 20 multiple choice questions covering all (or possibly covering all) topics covered in weeks 1 to 6.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Final Exam
Will include problem solving questions based on topics covered during the entire semester.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.1), SE (5.1)
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
- Australian Tax Handbook 2021, Thomson, Sydney, NSW, 2021; or
- Australian Master Tax Guide 2021, CCH Australia Ltd, Sydney, NSW, 2021
- Fundamental Tax Legislation 2021, Thomson, Sydney, NSW, 2021; or
- Australian Core Tax Legislation & Study Guide 2021 CCH Australia Ltd, Sydney, NSW, 2021.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit.
You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.