Students

ACCG8309 – CPA - Australia Taxation - Advanced

2021 – Session 2, Special circumstances

Session 2 Learning and Teaching Update

The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.

This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.

Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.

Visit the MQ COVID-19 information page for more detail.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Credit points Credit points
10
Prerequisites Prerequisites
(ACCG907 or ACCG8307) and (ACCG908 or ACCG8308) and (ACCG913 or ACCG8313) and (ACCG924 or ACCG8124)
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit provides extended formal academic support for students concurrently enrolled in the Advanced Taxation unit of the CPA program. This unit examines advanced tax issues including income tax law for a variety of business structures and investment entities; goods and services tax; international tax; and anti-avoidance regimes. It also considers the tax implications of complex business structures and corporate financing arrangements. By the end of this unit, students will have an ability to explain how tax theory, tax policies and tax legislation impacts on business decisions. Students will also be able to advise on the local and international tax issues surrounding various complex business structures, and make appropriate recommendations to clients.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://students.mq.edu.au/important-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Explain how tax theory and tax policies impact on business decisions and the tax consequences of various corporate financing arrangements
  • ULO2: Advise on the tax implications arising from various complex business structures, superannuation and associated investment decisions.
  • ULO3: Apply advanced tax knowledge to recommend an appropriate business or investment structure to achieve commercial and client’s personal goals.
  • ULO4: Apply advanced tax knowledge in complex business areas at local and international levels, such as transactions involving complex goods and services tax law, cross-border tax issues, and tax avoidance.

General Assessment Information

Due to having to compress the class schedule (refer to Unit Schedule below), the participation assessment will be modified. Each student will be allocated a module. In place of the two written answers, students are required to prepare a maximum 4 page summary of the module allocated to them. In place of being nominated as an expert, students will be allocated a number of the CPA slides to explain and discuss during the class of their allocated module.

Assessment Tasks

Name Weighting Hurdle Due
CPA External Examination 30% No 23/09/2021 - 10/10/2021
Class Participation 15% No Various weeks
Class Test 2 35% No 15/09/2021
Class Test 1 20% No 04/08/2021

CPA External Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: 23/09/2021 - 10/10/2021
Weighting: 30%

 

Examination administered by CPA Australia. CPA Australia will advise on the format and topics included in the final exam. Students need to achieve at least a PASS mark in this CPA external examination. If students do not pass this CPA examination, students will not pass this unit.

 


On successful completion you will be able to:
  • Explain how tax theory and tax policies impact on business decisions and the tax consequences of various corporate financing arrangements
  • Advise on the tax implications arising from various complex business structures, superannuation and associated investment decisions.
  • Apply advanced tax knowledge to recommend an appropriate business or investment structure to achieve commercial and client’s personal goals.
  • Apply advanced tax knowledge in complex business areas at local and international levels, such as transactions involving complex goods and services tax law, cross-border tax issues, and tax avoidance.

Class Participation

Assessment Type 1: Participatory task
Indicative Time on Task 2: 10 hours
Due: Various weeks
Weighting: 15%

 

Students are required to:

1. Prepare and submit at least two written answers to tax problems allocated

2. Attend and actively participate in class

3. Class participation is designed to encourage and help students achieve the learning outcomes of this unit.

4. Students will be nominated as an expert for a particular weekly class and are expected to have prepared for and be an active participant in discussions during their allocated class

 


On successful completion you will be able to:
  • Explain how tax theory and tax policies impact on business decisions and the tax consequences of various corporate financing arrangements
  • Advise on the tax implications arising from various complex business structures, superannuation and associated investment decisions.
  • Apply advanced tax knowledge to recommend an appropriate business or investment structure to achieve commercial and client’s personal goals.
  • Apply advanced tax knowledge in complex business areas at local and international levels, such as transactions involving complex goods and services tax law, cross-border tax issues, and tax avoidance.

Class Test 2

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: 15/09/2021
Weighting: 35%

 

Two thirds into the session, a second examination will be conducted during the class time. This test is designed to provide feedback to students on their level of understanding of key topics and concepts and to identify any particular learning challenges or areas of difficulty

 


On successful completion you will be able to:
  • Explain how tax theory and tax policies impact on business decisions and the tax consequences of various corporate financing arrangements
  • Advise on the tax implications arising from various complex business structures, superannuation and associated investment decisions.
  • Apply advanced tax knowledge to recommend an appropriate business or investment structure to achieve commercial and client’s personal goals.
  • Apply advanced tax knowledge in complex business areas at local and international levels, such as transactions involving complex goods and services tax law, cross-border tax issues, and tax avoidance.

Class Test 1

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: 04/08/2021
Weighting: 20%

 

After the first quarter of the session, a class test will be conducted during the class time. This test is designed to provide feedback to students on the level of their understanding of key topics and concepts covered and to identify any particular learning challenges or areas of difficulty.

 


On successful completion you will be able to:
  • Explain how tax theory and tax policies impact on business decisions and the tax consequences of various corporate financing arrangements
  • Advise on the tax implications arising from various complex business structures, superannuation and associated investment decisions.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Learning Skills Unit for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Classes will run in Zoom. You are expected to have camera and microphone facilities (and therefore adequate bandwidth) in order to participate.

The CPA-provided resources will be supplemented with additional material to assist in the learning process.

Unit Schedule

Due to the CPA external examinations being held prior to the conclusion of this unit, it is necessary to schedule additional classes on particular Saturdays

Wednesdays classes will run from 18:00 (6pm) to 21:00 (9pm) Saturday classes will run from 08:00 to 11:00

Class

Date

Topic

1

21 July

Module 1: Tax theory and tax policy and reforms 

2

24 July Saturday

Module 2: Trusts and trust distributions

3

28 July

Module 3: Taxation of superannuation funds

4

31 July Saturday

Module 4: Companies and company distributions

5

4 August

Class Test 1

6

7 August Saturday

Module 5: Tax consolidations

7

11 August 

Module 6: Complex business structures

8

18 August

Module 7: Corporate financing

9

25 August

Module 8: International transactions and cross-border tax issues

10

1 September

Module 9: Advanced GST issues

11

8 September

Module 10: Anti-avoidance regimes

12

15 September

Class Test 2

13

22 September

Revision

 

 

 

 

23 Sept – 10 Oct

CPA exam period

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Enquiry Service

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

Equity Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.