| Effective Term: | 2025/17 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Tax Law |
| Unit ID: | BUACC3010 |
| Credit Points: | 15.00 |
| Prerequisite(s): | (BUACC3009) |
| Co-requisite(s): | Nil |
| Exclusion(s): | (BULAW3734) |
| ASCED: | 080101 |
| Other Change: | |
| Brief description of the Unit |
This unit seeks to develop a wider and deeper understanding and knowledge of the principles and practice of income tax law in Australia. Key areas of study include administrative aspects of tax returns, tax collection, withholding mechanisms, assessments, objections, rulings, penalties, audits, goods and services tax, employee remuneration, fringe benefits tax, capital gains tax, superannuation, ethical decision making and professional conduct rules governing tax agents and the anti-avoidance rules. International tax agreements and tax arrangements are also reviewed within this unit. As the second of two tax units in the BU5 Bachelor of Business (Accounting), BUACC 3010 - Tax Law satisfies the Tax Practitioners Board guideline for one of two tertiary level units. The other applicable tax unit in the BU5 Bachelor of Business (Accounting) is BUACC 3009 - Income Tax Practice which is a prerequisite to this unit. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | | | | | | | Advanced | | |  | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Demonstrate an understanding of fundamental areas of tax including goods and services tax, fringe benefits tax, capital gains tax and superannuation |
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| K2. | Comprehend ethical decision making and professional conduct responsibilities of tax agents and demonstrate an understanding of the application of specific and general anti-avoidance rules |
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| K3. | Evaluate and appraise the tax consequences of specific commercial transactions and the administrative aspects in terms of tax returns, tax collection, withholding mechanisms, assessments, objections, rulings, penalties and audits. |
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| K4. | Identify and synthesise legislative and policy issues relating to tax and superannuation law |
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| Skills: |
| S1. | Conduct research and evaluate legislative information involving tax and superannuation related issues |
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| S2. | Efficiently locate relevant sections of tax legislation |
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| S3. | Analyse fact situations and apply relevant legislative principles to provide solutions or advice |
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| S4. | Communicate legislative and commercial reasoning in written form, adopting ethical decision making in professional practice |
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| Application of knowledge and skills: |
| A1. | Calculate tax liability in a given scenario and advise on the tax consequences of prospective courses of action |
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| A2. | Present the results of research and evaluation with responsibility and accountability for students' own learning |
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| Unit Content: |
Topics may include: 1. Goods and Services Taxation 2. Employee Remuneration 3. Fringe Benefits Tax and Capital Gains Tax 4. Superannuation (including the tax treatment of salary sacrifice into superannuation) 5. Tax administration in terms of tax returns, tax collection, withholding mechanisms, assessments, objections, rulings, penalties and audits. (inc: ethical and professional responsibilities of tax agents) 6. Tax avoidance and rules addressing specific and general anti tax avoidance 7. International tax agreements and tax arrangements |
| Graduate Attributes: |
| Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FEDTASKS (Transferable Attributes Skills and Knowledge) provide a targeted focus on five key transferable Attributes, Skills, and Knowledge that are be embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and Co-operative Learning opportunities. One or more FEDTASK, transferable Attributes, Skills or Knowledge must be evident in the specified learning outcomes and assessment for each FedUni Unit, and all must be directly assessed in each Course.
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| FED TASK and descriptor | Development and acquisition of FEDTASKS in the Unit | | Level | FEDTASK 1
Interpersonal | Students will demonstrate the ability to effectively communicate, inter-act and work with others both individually and in groups. Students will be required to display skills in-person and/or online in: • Using effective verbal and non-verbal communication • Listening for meaning and influencing via active listening • Showing empathy for others • Negotiating and demonstrating conflict resolution skills • Working respectfully in cross-cultural and diverse teams. | Level 1 - Students require directions and boundaries from mentor | FEDTASK 2
Leadership | Students will demonstrate the ability to apply professional skills and behaviours in leading others. Students will be required to display skills in: • Creating a collegial environment • Showing self -awareness and the ability to self-reflect • Inspiring and convincing others • Making informed decisions • Displaying initiative | Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context | FEDTASK 3
Critical Thinking and Creativity | Students will demonstrate an ability to work in complexity and ambiguity using the imagination to create new ideas. Students will be required to display skills in: • Reflecting critically • Evaluating ideas, concepts and information • Considering alternative perspectives to refine ideas • Challenging conventional thinking to clarify concepts • Forming creative solutions in problem solving. | Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context | FEDTASK 4
Digital Literacy | Students will demonstrate the ability to work fluently across a range of tools, platforms and applications to achieve a range of tasks. Students will be required to display skills in: • Finding, evaluating, managing, curating, organising and sharing digital information • Collating, managing, accessing and using digital data securely • Receiving and responding to messages in a range of digital media • Contributing actively to digital teams and working groups • Participating in and benefiting from digital learning opportunities. | Level 2 - Student demonstrates some independence within provided guidelines | FEDTASK 5
Sustainable and Ethical Mindset | Students will demonstrate the ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions. Students will be required to display skills in: • Making informed judgments that consider the impact of devising solutions in global economic environmental and societal contexts • Committing to social responsibility as a professional and a citizen • Evaluating ethical, socially responsible and/or sustainable challenges and generating and articulating responses • Embracing lifelong, life-wide and life-deep learning to be open to diverse others • Implementing required actions to foster sustainability in their professional and personal life. | Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context |
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| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K4, S2, S3, S4, A1 | Individual assessment - Applying theoretical material to provide written responses to questions in a range of formats | Test | 10-20% | | 2. | K1, K2, K3, K4, S1, S2, S3, S4, A1, A2 | Individual assessment - Develop a professional report and analysis in relation to tax implications of a business activity. | Written assignment | 30-40% | | 3. | K1, K2, K3, K4, S2, S3, S4, A1, A2 | Demonstrate knowledge and skills gained in the unit via an interactive live independently invigilated assessment | Invigilated oral examination | 40-50% |
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