School Of LawPrinciples of TaxationWestern Sydney University Unit Code: 200869.3
Discipline: TAXATION LAW
Student Contribution Band: 3
Level: 7
Credit Points: 10
Equivalent Units
200397 - Revenue Law, AC808A - Taxation Planning and Implications
Prerequisite
200432 Commercial Law
Unit Enrolment Restrictions
Students must be enrolled in a postgraduate course owned by the School of Business. Students wishing to take this unit as an elective need approval from the Academic Course Advisor. Students in courses 2689 Master of Professional Accounting and 2691 Master of Accountancy courses must have successfully completed 200433 Company Law before undertaking this unit. The online offerings for this unit are only available to students enrolled in course 2770 Master of Commerce (Financial Planning).
About this Unit
This unit provides an overview of the Australian taxation system as it affects the financial planning environment. Many financial planning decisions have a tax impact. Further, some financial products and much financial advice derive at least some of their value from their taxation consequences. Key topics covered include aspects of tax administration, tax planning concepts, the constitutional basis of taxation, assessable income concepts, international tax issues, the taxation of capital, allowable deductions and offsets, and taxation of such entities as partnerships, trusts, companies and shareholders. The course will also address other taxes that impact the financial advice environment including the FBT and the GST.
Special Requirements - Essential Equipment
For the online offering: Students must have access to the internet and be reasonably proficient computer users.