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HE Unit Template
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Taxation Law 1
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BULAW3733 - Taxation Law 1
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20260200
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5.1
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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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080301
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Business Management
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080301 - Business Management
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<a href="http://www.federation.edu.au/locate/unit/bulaw3733">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 unit is part of the Bachelor of Professional Accounting, which meets the academic requirements of the accounting profession and leads to a TEQSA approved bachelor degree in Australia. As the first of two undergraduate tax units, this unit seeks to provide an introductory understanding of the principles and practice of income tax law in Australia. It primarily considers the main sources of Australian taxation law, including the Income Tax Assessment Act 1936 and 1997. The primary focus is the interaction of legal principles and administrative ATO tax rulings to specific areas of taxation. We consider key taxation concepts, including residence and source and timing of when transactions are accounted for. A significant amount of time is spent considering what is ordinary income and statutory income. We also provide an introduction to capital gains tax. Students enrolled in this unit will gain a general understanding of the main provisions relating to deductions and offsets. We look at the taxation of entities, in terms of discussing the main taxation rules relating to partners, companies and trusts. Small business concessions are discussed within relevant topics.</p>
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<p>•Sources and structure of Australian tax law</p>
<p>•Key concepts relating to Australian taxation</p>
<p>•Residence, source and introduction to international tax (including international transactions, foreign income and withholding tax)</p>
<p>•Assessable income, including capital gains tax</p>
<p>•Deductions</p>
<p>•Capital allowances and trading stock</p>
<p>•Taxation of partnerships</p>
<p>•Taxation of companies and shareholders (including dividend imputation and franking credit systems)</p>
<p>•Taxation of trusts and beneficiaries</p>
<p>•Tax administration</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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Year
2027
Current Year
2026
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BULAW3733 - Taxation Law 1
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BULAW3733 - Taxation Law 1
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Semester 1
Semester 2
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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 unit is part of the Bachelor of Professional Accounting, which meets the academic requirements of the accounting profession and leads to a TEQSA approved bachelor degree in Australia. As the first of two undergraduate tax units, this unit seeks to provide an introductory understanding of the principles and practice of income tax law in Australia. It primarily considers the main sources of Australian taxation law, including the Income Tax Assessment Act 1936 and 1997. The primary focus is the interaction of legal principles and administrative ATO tax rulings to specific areas of taxation. We consider key taxation concepts, including residence and source and timing of when transactions are accounted for. A significant amount of time is spent considering what is ordinary income and statutory income. We also provide an introduction to capital gains tax. Students enrolled in this unit will gain a general understanding of the main provisions relating to deductions and offsets. We look at the taxation of entities, in terms of discussing the main taxation rules relating to partners, companies and trusts. Small business concessions are discussed within relevant topics.</p>
Unit content
<p>•Sources and structure of Australian tax law</p> <p>•Key concepts relating to Australian taxation</p> <p>•Residence, source and introduction to international tax (including international transactions, foreign income and withholding tax)</p> <p>•Assessable income, including capital gains tax</p> <p>•Deductions</p> <p>•Capital allowances and trading stock</p> <p>•Taxation of partnerships</p> <p>•Taxation of companies and shareholders (including dividend imputation and franking credit systems)</p> <p>•Taxation of trusts and beneficiaries</p> <p>•Tax administration</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080301 - Business Management
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bulaw3733">View unit fees</a>
Requisites
Prerequisite
<p>must have completed <a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC1101" target="_blank">BUACC1101</a> AND must have completed 1 of <a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC1000" target="_blank">BUACC1000</a>/<a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC1508" target="_blank">BUACC1508</a></p>
Corequisite
None
Exclusion
<p>must not have completed <a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC3009" target="_blank">BUACC3009</a> OR must not have completed <a href="/ords/r/curriculum/catalogue/course?p6_code=BUACC3011" target="_blank">BUACC3011</a></p>
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>Identify the sources of tax law and explain the framework for taxation</p>
K2
<p>Discuss the commonly understood functions of taxation</p>
K3
<p>Identify and explain why some incomings are assessable and others are not</p>
K4
<p>Identify and explain why some outgoings are deductible and others are not</p>
K5
<p>Understand specific areas of income tax law in Australia</p>
K6
<p>Comprehend the tax administration process</p>
S1
<p>Analyse fact scenarios and provide advice to individuals and entities on the likely tax outcome</p>
S2
<p>Apply legal principles and authorities in providing advice on tax issues</p>
S3
<p>Conduct basic tax research and evaluate sources of tax information</p>
S4
<p>Express opinions on tax problems using communication skills</p>
A1
<p>Recognise and apply the fundamentals of calculating taxable income and tax payable</p>
A2
<p>Apply appropriate provisions of tax legislation and administrative tax rulings to moderately complex fact situations</p>
A3
<p>Present the results of research and evaluation</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Online Moodle test assessing students knowledge gained during the first few weeks of semester</p>
<p>Test</p>
<p>10-20%</p>
K1, K2, K3, S2
2
<p>Provide a response to a case scenario, including researching, evaluating and applying relevant tax law and performing calculations</p>
<p>Written assignment</p>
<p>30-40%</p>
K3, K4, K5, K6, S1, S2, S3, S4, A1, A3
3
<p>Demonstrate knowledge and skills gained in the unit via an interactive live independently invigilated assessment</p>
<p>Invigilated oral examination</p>
<p>40-50%</p>
S4, 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
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.
<p>Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context</p>
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.
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>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080301 - Business Management
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bulaw3733">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BULAW3733 - U5.1