Students

ACCG8223 – CA - Tax

2023 – Session 2, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff unit convenor/ lecturer
Xun Gong
xun.gong@mq.edu.au
Amy Tung
manamy.tung@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MProfAccg and (ACCG6011 and ACCG6014 and ACST6003 and ECON6049) NB: Students must successfully complete CA - Ethics and Business module prior to enrolling in this unit. Students should directly enroll in the Ethic and Business module directly with CA ANZ.
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

All business decisions have tax implications. Being proficient in tax is essential for Chartered Accountants required to provide accurate professional advice. This unit will advance your technical knowledge of tax, and also develop broader business skills in problem solving, critical thinking, research and evaluation. The unit examines and applies relevant taxation law to various tax entities. Students are required to explain and calculate the taxation consequences applicable to a range of real-life simulated scenarios, including a comprehensive tax reconciliation which integrates the various units.Topics include trading stock, employment remuneration, capital gains tax, tax losses, international tax and tax planning.

Important Academic Dates

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

Learning Outcomes

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

  • ULO1: Apply technical knowledge to a range of transactions and events to determine the tax consequences.
  • ULO2: Advise on the taxation consequences of a range of transactions and events.
  • ULO3: Apply on ethical and socially responsible approach to determining taxation consequences.
  • ULO4: Evaluate future changes that impact the taxation environment

Assessment Tasks

Name Weighting Hurdle Due
Report 30% No 10 Nov 2023
CA - Invigilated examination 40% Yes 21 Nov 2023
CA - Tax written submission 30% No 24 Oct 2023

Report

Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: 10 Nov 2023
Weighting: 30%

 

The case study will require students to analyse a set of facts concerning a taxpayer's individual circumstances, and then apply Australian tax law to arrive at conclusions and provide appropriate advice to the taxpayer.

 
On successful completion you will be able to:
  • Apply technical knowledge to a range of transactions and events to determine the tax consequences.
  • Advise on the taxation consequences of a range of transactions and events.

CA - Invigilated examination

Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: 21 Nov 2023
Weighting: 40%
This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks)

 

The final (hurdle) assessment is an examination.

The examination will consist of a number of discrete, scenario-based questions in which candidates are required to complete tax calculations, or to apply technical knowledge to determine and respond to taxation consequences relating to a range of tax issues.

Students are expected to complete and pass the CA examination to pass the unit.

 
On successful completion you will be able to:
  • Apply technical knowledge to a range of transactions and events to determine the tax consequences.
  • Advise on the taxation consequences of a range of transactions and events.
  • Apply on ethical and socially responsible approach to determining taxation consequences.
  • Evaluate future changes that impact the taxation environment

CA - Tax written submission

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 20 hours
Due: 24 Oct 2023
Weighting: 30%

 

Candidates will prepare a tax reconciliation and answer questions relating to scenarios focusing on different structures

 
On successful completion you will be able to:
  • Apply technical knowledge to a range of transactions and events to determine the tax consequences.
  • Advise on the taxation consequences of a range of transactions and events.
  • Apply on ethical and socially responsible approach to determining taxation consequences.

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 Writing Centre 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

Required Text: 

  • Study Guide (CSG) – Tax (digital)
  • Specific sections of relevant legislation and regulations are referenced in the CSG.
  • Deutsch, R. et al. (2023). The Australian Tax Handbook 2023. [S.I.]. Thomson Reuters. 
  • Wolters Kluwer (2023). New Zealand Tax Legislation for Students 2023. Wolters Kluwer New Zealand, Auckland, New Zealand.

Recommended Readings:

  • CCH Editors (2023). Australian Master Tax Guide 2023. 73rd ed. [S.I.] Melbourne: CCH Australia.
  • New Zealand Master Tax Guide 2023 (Wolters Kluwer)

Unit Website:

  • Course information is available on (iLearn).
  • iLearn access is at https://ilearn.mq.edu.au/login/
  • Advice for iLearn including login advice and relevant support is all available at the iLearn site.
  • The student web page for this unit is located on iLearn. This includes course material, announcements and results.
  • Each week you will find on iLearn Lecture Guidance Notes and In-Class Discussion Questions.  You will also find relevant reference materials on iLearn.

Technology Used and Required:

  • The principal technology used in this unit comprises web based access to resource materials (see above) and the learning management system called ‘iLearn’. 
  • Regular access to iLearn is strongly encouraged so that you have access to:
    • Resources developed for each class
    • Additional recommended reading and research resources
    • Additional information regarding assessment items that may be required
    • Any new information that may arise in relation to contingencies – including  any changes in dates, timetables or class details
    • iLearn communication and discussion tools as an effective means to enhance learning for all students and staff.
  • Please note that YOUR University email address must be used for both receiving and sending university emails.

 

 

 

 

Unit Schedule

Week

Week

Commencing

Chapter and topics

No of seminars

1

25th September

1. Tax administration and controls

1.1 Tax management and controls

2. Income tax – general rules

2.1 Income tax

2x 3hrs

2

2nd October

2. Income tax – General rules

2.1 Income Tax

2.2 Property and capital transactions

2 x 3hrs

3

9th October

2. Income tax – General rules

2.2 Property and capital transactions

2 x 3hrs

4

16th October

3. Income tax – Taxation of structures and transactions

3.1 Tax structures

1 x 3hrs

5

23rd October

3. Income tax – Taxation structures and transactions

3.1 Tax structures

2x 3hrs

6

30th October

3. Income tax – Taxation of structures and transactions

3.2 International and other transactions

4. Other taxes and interactions

4.1 Goods and Service Tax

1x 3hrs

7

6th November

4. Other taxes and interactions

4.1 Goods and Service Tax

4.2 Employment remuneration and Fringe Benefit/s Tax

1 x 3hrs

8

13th November

4. Other taxes and interactions

4.3 Interactions between taxes and transactions

2x 3hrs

9-week study period including 8 study weeks and 1 final assessment (final exam) week.

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

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

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

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

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/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

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

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 Services and Support

Macquarie University offers a range of Student Support Services including:

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

Student Enquiries

Got a question? Ask us via AskMQ, or contact Service Connect.

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

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.

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.

Unit information based on version 2023.04 of the Handbook