AYN438 Taxation Law and Practice
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: | AYN438 |
|---|---|
| Prerequisite(s): | AYN456 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Equivalent(s): | AYQ438 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| Domestic tuition unit fee | $4,056 |
| International unit fee | $5,664 |
Unit Outline: Semester 1 2026, Gardens Point, Internal
| Unit code: | AYN438 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN456 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Equivalent: | AYQ438 |
| Coordinator: | Bronwyn McCredie | bronwyn.mccredie@qut.edu.au |
Overview
This unit builds on your previous knowledge of Business and Corporations Law to introduce the statutory framework of the Australian taxation system. Elements in the determination of taxable income and the levying of income tax are examined, including general and specific categories of assessable income and allowable deductions, capital gains tax, and administration aspects of the tax system. The unit also provides you with a brief overview of the taxation of partnerships, trusts, and companies, the goods and services tax (GST), and fringe benefits tax (FBT). Emphasis is placed on developing your practical and problem-solving skills through the application, research and analysis of taxation legislation and lodgement software, individually and in teams.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply an understanding of the Australian income tax framework - including relevant legislation, rulings and determinations - to analyse and respond to real-world tax scenarios. [KS 1.1, HO 2.2]
- Apply technical skills to accurately calculate a taxpayer's taxable income and tax liability using appropriate software, in accordance with Australian tax laws and regulations. [KS 1.2]Relates to: PG Business Capabilities: KS (1.2)
- Demonstrate information literacy and research proficiency to effectively investigate, evaluate, and provide informed recommendations and advice on tax-related matters. [KS 1.1, HO 2.2]
- Collaborate effectively with others to research, discuss and provide advice on tax-related issues. [TS 4.2]Relates to: PG Business Capabilities: TS (4.2)
Content
The following provides a brief overview of the topics to be covered:
- Introduction to taxation law
- Tax administration
- Tax planning vs Tax avoidance vs Tax evasion
- Ethical and professional responsibilities of tax agents
- Residency, derivation and source
- Assessable income
- Capital gains tax
- Allowable deductions
- Eligible termination payments
- Tax accounting and calculation of tax payable
- Overview of the taxation of sole traders, partnerships, trusts and companies
- Overview of goods and services tax (GST)
- Overview of fringe benefits tax (FBT)
This unit will focus predominantly on Australian taxation law issues. However, in two of the topics (the taxation of partnerships, trusts and companies and the goods and services tax), we briefly consider the taxation law of overseas jurisdictions.
QUT Business Capabilities (Postgraduate)
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 & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the learning outcomes. Achievement of these outcomes will ensure you have the necessary skills to research and solve tax-related problems, including the use of electronic tax lodgment software.
Detailed resources are provided on the unit Canvas site. These include tax legislation, relevant taxation rulings, and tax determinations To reinforce and fully understand each topic, it is essential for you to complete the weekly readings and tasks. Application of this knowledge will then be tested in assessment.
You are expected to engage in unit discussions to ensure your success. Through your active participation in this unit, you will strengthen your understanding of key concepts, critically engage with complex scenarios, and build confidence in applying tax law in practice.
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 the 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: Initial tax consultation and client onboarding
In this assessment, you will assume the role of a tax accountant and evaluate preliminary client information. The objective is to identify any missing details and formulate relevant follow-up questions required to complete your client’s tax return accurately.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Final tax return and client meeting
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), KS (1.2), HO (2.2), TS (4.2)
Assessment: Final Exam
This examination will assess your understanding of the topics covered throughout the semester.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
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.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Principles of Taxation Law (2026), Thomson Reuters, Pyrmont, N.S.W.
Other
A microphone/headset may be required for students who wish to participate in the online sessions.
Unit resources are available for students to download from QUT's Canvas site. Students are expected to read these materials each week prior to attending class.
Risk Assessment Statement
There are no out of the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Postgraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.1): Discipline and Professional Practice Knowledge
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.2): Technical, Technological and Research Skills
Relates to: ULO2, Final tax return and client meeting
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO4, Final tax return and client meeting
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS11 Master of Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2, Final tax return and client meeting - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Relates to: ULO4, Final tax return and client meeting
BS79 Graduate Diploma in Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1 - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2 - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, ULO4
Unit Outline: Semester 1 2026, Online
| Unit code: | AYN438 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN456 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Equivalent: | AYQ438 |
Overview
This unit builds on your previous knowledge of Business and Corporations Law to introduce the statutory framework of the Australian taxation system. Elements in the determination of taxable income and the levying of income tax are examined, including general and specific categories of assessable income and allowable deductions, capital gains tax, and administration aspects of the tax system. The unit also provides you with a brief overview of the taxation of partnerships, trusts, and companies, the goods and services tax (GST), and fringe benefits tax (FBT). Emphasis is placed on developing your practical and problem-solving skills through the application, research and analysis of taxation legislation and lodgement software, individually and in teams.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply an understanding of the Australian income tax framework - including relevant legislation, rulings and determinations - to analyse and respond to real-world tax scenarios. [KS 1.1, HO 2.2]
- Apply technical skills to accurately calculate a taxpayer's taxable income and tax liability using appropriate software, in accordance with Australian tax laws and regulations. [KS 1.2]Relates to: PG Business Capabilities: KS (1.2)
- Demonstrate information literacy and research proficiency to effectively investigate, evaluate, and provide informed recommendations and advice on tax-related matters. [KS 1.1, HO 2.2]
- Collaborate effectively with others to research, discuss and provide advice on tax-related issues. [TS 4.2]Relates to: PG Business Capabilities: TS (4.2)
Content
The following provides a brief overview of the topics to be covered:
- Introduction to taxation law
- Tax administration
- Tax planning vs Tax avoidance vs Tax evasion
- Ethical and professional responsibilities of tax agents
- Residency, derivation and source
- Assessable income
- Capital gains tax
- Allowable deductions
- Eligible termination payments
- Tax accounting and calculation of tax payable
- Overview of the taxation of sole traders, partnerships, trusts and companies
- Overview of goods and services tax (GST)
- Overview of fringe benefits tax (FBT)
This unit will focus predominantly on Australian taxation law issues. However, in two of the topics (the taxation of partnerships, trusts and companies and the goods and services tax), we briefly consider the taxation law of overseas jurisdictions.
QUT Business Capabilities (Postgraduate)
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 & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the learning outcomes. Achievement of these outcomes will ensure you have the necessary skills to research and solve tax-related problems, including the use of electronic tax lodgment software.
Detailed resources are provided on the unit Canvas site. These include tax legislation, relevant taxation rulings, and tax determinations To reinforce and fully understand each topic, it is essential for you to complete the weekly readings and tasks. Application of this knowledge will then be tested in assessment.
You are expected to engage in unit discussions to ensure your success. Through your active participation in this unit, you will strengthen your understanding of key concepts, critically engage with complex scenarios, and build confidence in applying tax law in practice.
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 the 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: Initial tax consultation and client onboarding
In this assessment, you will assume the role of a tax accountant and evaluate preliminary client information. The objective is to identify any missing details and formulate relevant follow-up questions required to complete your client’s tax return accurately.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Final tax return and client meeting
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), KS (1.2), HO (2.2), TS (4.2)
Assessment: Final Exam
This examination will assess your understanding of the topics covered throughout the semester.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
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.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Principles of Taxation Law (2026), Thomson Reuters, Pyrmont, N.S.W.
Other
A microphone/headset may be required for students who wish to participate in the online sessions.
Unit resources are available for students to download from QUT's Canvas site. Students are expected to read these materials each week prior to attending class.
Risk Assessment Statement
There are no out of the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Postgraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.1): Discipline and Professional Practice Knowledge
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.2): Technical, Technological and Research Skills
Relates to: ULO2, Final tax return and client meeting
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO4, Final tax return and client meeting
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS11 Master of Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2, Final tax return and client meeting - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Relates to: ULO4, Final tax return and client meeting
BS79 Graduate Diploma in Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1 - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2 - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, ULO4
Unit Outline: Semester 2 2026, Gardens Point, Internal
| Unit code: | AYN438 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN456 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Equivalent: | AYQ438 |
Overview
This unit builds on your previous knowledge of Business and Corporations Law to introduce the statutory framework of the Australian taxation system. Elements in the determination of taxable income and the levying of income tax are examined, including general and specific categories of assessable income and allowable deductions, capital gains tax, and administration aspects of the tax system. The unit also provides you with a brief overview of the taxation of partnerships, trusts, and companies, the goods and services tax (GST), and fringe benefits tax (FBT). Emphasis is placed on developing your practical and problem-solving skills through the application, research and analysis of taxation legislation and lodgement software, individually and in teams.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply an understanding of the Australian income tax framework - including relevant legislation, rulings and determinations - to analyse and respond to real-world tax scenarios. [KS 1.1, HO 2.2]
- Apply technical skills to accurately calculate a taxpayer's taxable income and tax liability using appropriate software, in accordance with Australian tax laws and regulations. [KS 1.2]Relates to: PG Business Capabilities: KS (1.2)
- Demonstrate information literacy and research proficiency to effectively investigate, evaluate, and provide informed recommendations and advice on tax-related matters. [KS 1.1, HO 2.2]
- Collaborate effectively with others to research, discuss and provide advice on tax-related issues. [TS 4.2]Relates to: PG Business Capabilities: TS (4.2)
Content
The following provides a brief overview of the topics to be covered:
- Introduction to taxation law
- Tax administration
- Tax planning vs Tax avoidance vs Tax evasion
- Ethical and professional responsibilities of tax agents
- Residency, derivation and source
- Assessable income
- Capital gains tax
- Allowable deductions
- Eligible termination payments
- Tax accounting and calculation of tax payable
- Overview of the taxation of sole traders, partnerships, trusts and companies
- Overview of goods and services tax (GST)
- Overview of fringe benefits tax (FBT)
This unit will focus predominantly on Australian taxation law issues. However, in two of the topics (the taxation of partnerships, trusts and companies and the goods and services tax), we briefly consider the taxation law of overseas jurisdictions.
QUT Business Capabilities (Postgraduate)
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 & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the learning outcomes. Achievement of these outcomes will ensure you have the necessary skills to research and solve tax-related problems, including the use of electronic tax lodgment software.
Detailed resources are provided on the unit Canvas site. These include tax legislation, relevant taxation rulings, and tax determinations To reinforce and fully understand each topic, it is essential for you to complete the weekly readings and tasks. Application of this knowledge will then be tested in assessment.
You are expected to engage in unit discussions to ensure your success. Through your active participation in this unit, you will strengthen your understanding of key concepts, critically engage with complex scenarios, and build confidence in applying tax law in practice.
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 the 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: Initial tax consultation and client onboarding
In this assessment, you will assume the role of a tax accountant and evaluate preliminary client information. The objective is to identify any missing details and formulate relevant follow-up questions required to complete your client’s tax return accurately.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Final tax return and client meeting
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), KS (1.2), HO (2.2), TS (4.2)
Assessment: Final Exam
This examination will assess your understanding of the topics covered throughout the semester.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
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.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Principles of Taxation Law (2026), Thomson Reuters, Pyrmont, N.S.W.
Other
A microphone/headset may be required for students who wish to participate in the online sessions.
Unit resources are available for students to download from QUT's Canvas site. Students are expected to read these materials each week prior to attending class.
Risk Assessment Statement
There are no out of the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Postgraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.1): Discipline and Professional Practice Knowledge
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.2): Technical, Technological and Research Skills
Relates to: ULO2, Final tax return and client meeting
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO4, Final tax return and client meeting
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS11 Master of Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2, Final tax return and client meeting - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Relates to: ULO4, Final tax return and client meeting
BS79 Graduate Diploma in Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1 - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2 - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, ULO4
Unit Outline: Semester 2 2026, Online
| Unit code: | AYN438 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN456 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Equivalent: | AYQ438 |
Overview
This unit builds on your previous knowledge of Business and Corporations Law to introduce the statutory framework of the Australian taxation system. Elements in the determination of taxable income and the levying of income tax are examined, including general and specific categories of assessable income and allowable deductions, capital gains tax, and administration aspects of the tax system. The unit also provides you with a brief overview of the taxation of partnerships, trusts, and companies, the goods and services tax (GST), and fringe benefits tax (FBT). Emphasis is placed on developing your practical and problem-solving skills through the application, research and analysis of taxation legislation and lodgement software, individually and in teams.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate and apply an understanding of the Australian income tax framework - including relevant legislation, rulings and determinations - to analyse and respond to real-world tax scenarios. [KS 1.1, HO 2.2]
- Apply technical skills to accurately calculate a taxpayer's taxable income and tax liability using appropriate software, in accordance with Australian tax laws and regulations. [KS 1.2]Relates to: PG Business Capabilities: KS (1.2)
- Demonstrate information literacy and research proficiency to effectively investigate, evaluate, and provide informed recommendations and advice on tax-related matters. [KS 1.1, HO 2.2]
- Collaborate effectively with others to research, discuss and provide advice on tax-related issues. [TS 4.2]Relates to: PG Business Capabilities: TS (4.2)
Content
The following provides a brief overview of the topics to be covered:
- Introduction to taxation law
- Tax administration
- Tax planning vs Tax avoidance vs Tax evasion
- Ethical and professional responsibilities of tax agents
- Residency, derivation and source
- Assessable income
- Capital gains tax
- Allowable deductions
- Eligible termination payments
- Tax accounting and calculation of tax payable
- Overview of the taxation of sole traders, partnerships, trusts and companies
- Overview of goods and services tax (GST)
- Overview of fringe benefits tax (FBT)
This unit will focus predominantly on Australian taxation law issues. However, in two of the topics (the taxation of partnerships, trusts and companies and the goods and services tax), we briefly consider the taxation law of overseas jurisdictions.
QUT Business Capabilities (Postgraduate)
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 & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Teaching and learning strategies in this unit are designed to facilitate the learning outcomes. Achievement of these outcomes will ensure you have the necessary skills to research and solve tax-related problems, including the use of electronic tax lodgment software.
Detailed resources are provided on the unit Canvas site. These include tax legislation, relevant taxation rulings, and tax determinations To reinforce and fully understand each topic, it is essential for you to complete the weekly readings and tasks. Application of this knowledge will then be tested in assessment.
You are expected to engage in unit discussions to ensure your success. Through your active participation in this unit, you will strengthen your understanding of key concepts, critically engage with complex scenarios, and build confidence in applying tax law in practice.
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 the 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: Initial tax consultation and client onboarding
In this assessment, you will assume the role of a tax accountant and evaluate preliminary client information. The objective is to identify any missing details and formulate relevant follow-up questions required to complete your client’s tax return accurately.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Assessment: Final tax return and client meeting
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), KS (1.2), HO (2.2), TS (4.2)
Assessment: Final Exam
This examination will assess your understanding of the topics covered throughout the semester.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is a Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
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.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Principles of Taxation Law (2026), Thomson Reuters, Pyrmont, N.S.W.
Other
A microphone/headset may be required for students who wish to participate in the online sessions.
Unit resources are available for students to download from QUT's Canvas site. Students are expected to read these materials each week prior to attending class.
Risk Assessment Statement
There are no out of the ordinary risks associated with this unit.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Postgraduate)
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.1): Discipline and Professional Practice Knowledge
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam
KS (1.2): Technical, Technological and Research Skills
Relates to: ULO2, Final tax return and client meeting
TS (4.2): Teamwork Knowledge and Skills
Relates to: ULO4, Final tax return and client meeting
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS11 Master of Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2, Final tax return and client meeting - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, Initial tax consultation and client onboarding , Final tax return and client meeting, Final Exam - Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Relates to: ULO4, Final tax return and client meeting
BS79 Graduate Diploma in Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1 - Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Relates to: ULO2 - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO1, ULO3, ULO4