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HE Unit Template
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Income Tax Law and Practice
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BULAW3731 - Income Tax Law and Practice
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20240200
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1.1
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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091103
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Legal Studies
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091103 - Legal Studies
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<a href="http://www.federation.edu.au/locate/unit/bulaw3731">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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7
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Bachelor Degree
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1
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<p>This course seeks to provide an understanding and knowledge of the principles and practice of income tax law in Australia. It is designed to acquaint students with the fundamentals of Australias principal revenue raising legislation - the <em >Income Tax Assessment Acts,</em> 1936, 1997 (as amended) [ITAA36 or ITAA97] and the increasing volumes of allied legislation. The primary focus will be the interaction of legal principles and administrative rules that determine a taxable amount; viz, taxable income. Then the course considers complications that arise by virtue of a taxpayers status - ie, whether the taxpayer is taxed as an individual, a partner, a company or shareholder, a beneficiary or trustee of an estate. The course deals with the Taxation Commissioners enforcement armoury, the anti-avoidance provisions, penalties and prosecutions and the taxpayers rights of appeal. It also examines the taxation of capital gains and briefly shows how the Fringe Benefits Tax Act and Goods and Services Tax interact with the Income Tax Acts.</p>
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<p>Topics may include:</p>
<p>1.Foundation of taxation</p>
<p>2.Income</p>
<p>3.Capital Gains Tax</p>
<p>4.Deductions</p>
<p>5.Capital Allowances and Trading Stock</p>
<p>6.Taxation of Partnerships and Companies</p>
<p>7.Taxation of Trusts</p>
<p>8.Fringe Benefits</p>
<p>9.Goods and Services Taxation</p>
<p>10.Tax Administration and/or Anti-Avoidance</p>
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<p>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.</p>
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2027
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2026
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BULAW3731 - Income Tax Law and Practice
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Semester 1
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Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>This course seeks to provide an understanding and knowledge of the principles and practice of income tax law in Australia. It is designed to acquaint students with the fundamentals of Australias principal revenue raising legislation - the <em >Income Tax Assessment Acts,</em> 1936, 1997 (as amended) [ITAA36 or ITAA97] and the increasing volumes of allied legislation. The primary focus will be the interaction of legal principles and administrative rules that determine a taxable amount; viz, taxable income. Then the course considers complications that arise by virtue of a taxpayers status - ie, whether the taxpayer is taxed as an individual, a partner, a company or shareholder, a beneficiary or trustee of an estate. The course deals with the Taxation Commissioners enforcement armoury, the anti-avoidance provisions, penalties and prosecutions and the taxpayers rights of appeal. It also examines the taxation of capital gains and briefly shows how the Fringe Benefits Tax Act and Goods and Services Tax interact with the Income Tax Acts.</p>
Unit content
<p>Topics may include:</p> <p>1.Foundation of taxation</p> <p>2.Income</p> <p>3.Capital Gains Tax</p> <p>4.Deductions</p> <p>5.Capital Allowances and Trading Stock</p> <p>6.Taxation of Partnerships and Companies</p> <p>7.Taxation of Trusts</p> <p>8.Fringe Benefits</p> <p>9.Goods and Services Taxation</p> <p>10.Tax Administration and/or Anti-Avoidance</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
091103 - Legal Studies
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bulaw3731">View unit fees</a>
Requisites
Prerequisite
<p> must have completed all of <a href="/ords/r/curriculum/catalogue/course?p6_code=BULAW1502" target="_blank">BULAW1502</a>/<a href="/ords/r/curriculum/catalogue/course?p6_code=BULAW1503" target="_blank">BULAW1503</a> AND must have completed 1 of BUACC1506, <a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC1508" target="_blank">BUACC1508</a></p>
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Explain how revenue law is created (sources of law) and changed or developed (through precedent, statutory interpretation and legislation)</p>
K2
<p>Identify the core provisions of the income tax legislation</p>
K3
<p>Distinguish between and explain why some incomings/outgoings are assessable/deductible and others are not</p>
K4
<p>Compare and contrast accounting principles and principles of taxation</p>
K5
<p>Appraise taxation as social force with policy implications affecting the interests of individuals, business, and government</p>
S1
<p>Analyse fact scenarios and provide solutions to the range of tax issues connected with the transactions such as taxable income and tax liability</p>
S2
<p>Apply principles and authorities to commercial scenarios</p>
S3
<p>Conduct empirical research, evaluate legal information, and express opinions using communication skills (oral and written) </p>
S4
<p>Solve problem scenarios through application of legal principles and rules</p>
A1
<p>Apply the tax legislation and authorities to moderately complex fact situations </p>
A2
<p>Advise entities of the tax consequences of prospective courses of action</p>
A3
<p>Present the results of research and evaluation with responsibility and accountability for own learning</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Individual assessment</p>
<p>Test</p>
<p>10-20%</p>
K1, K2, K3, S2
2
<p>Individual assessment</p>
<p>Written Assignment</p>
<p>30-40%</p>
K2, K3, K4, S1, S2, S3, S4, A1, A2, A3
3
<p>Individual assessment</p>
<p>Test / Final Assessment</p>
<p>40-60%</p>
K3, K4, K5, S1, S4, A1, A2
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>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.</p>
FedTASK
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
FedTASK
Description of FedTASK outcome
Level
FedTASK 1: Interpersonal
The ability to effectively communicate, interact and work with others both individually and in groups.
FedTASK 2: Leadership
The ability to apply professional skills and behaviours in leading others.
FedTASK 3: Critical Thinking and Creativity
The ability to work in complexity and ambiguity using imagination to create new ideas.
FedTASK 4: Digital Literacy
The ability to work fluently across a range of tools and applications to achieve a range of skills.
FedTASK 5: Sustainable and Ethical Mindset
The ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions.
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
091103 - Legal Studies
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bulaw3731">View unit fees</a>
Additional information
Cards Section - Non Research
Add Info Static Text
Internal reference: BULAW3731 - U1.1