Students

ACCG3020 – Taxation Law and Practice

2024 – Session 3, 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
TBA
TBA
Rahat Munir
rahat.munir@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(20cp at 2000 level or above including (BUSL250 or BUSL251 or ACCG2051)) or 30cp in LAW units at 2000 level
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit introduces students to the tax framework operating in Australia. It looks at the regulatory environment and the impact of the conceptual framework on key areas of taxation including income tax; goods and services tax; and fringe benefits tax. After completing this unit, students will be able to recognise, describe and analyse taxation issues and apply tax concepts to problems encountered in a contemporary setting.

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: Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • ULO2: Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • ULO3: Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • ULO4: Apply research skills to source and interrogate tax law materials and interpret complex legal information
  • ULO5: Produce professionally written tax advice which presents a clear and well supported justification of guidance given

General Assessment Information

Late Assessment Submission Penalty (written assessments)

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to apply for Special Consideration

 

Assessment Tasks

Name

Weighting

Hurdle

Due

Assessed Coursework

30%

No

Throughout

Quiz

20%

No

Week 3

Case study

30%

No

Week 4

Class Test

20%

No

Week 5

Assessed Coursework

Assessment Type: Participatory task

Due: Throughout Weighting: 30%

The Assessed Coursework Task is comprised of two tasks: individual presentation to assigned tutorial questions. The other is awarded for a Reflection Report.

On successful completion you will be able to:

  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • Apply research skills to source and interrogate tax law materials and interpret complex legal information

Quiz

Assessment Type: Quiz/Test

Due: Week 3

Weighting: 20%

The quiz will consolidate students’ knowledge, skills, and capabilities in relation to the foundation principles of tax law and practice.

On successful completion you will be able to:

  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software

Case study

Assessment Type: Case study/analysis

Due: Week 4

Weighting: 30%

Students will be presented with a set of facts which will require them to identify the main tax issue(s), provide a detailed analysis of the tax issues, and apply relevant taxation laws to arrive at a conclusion in the form of a piece of advice. Students are required to communicate their professional tax advice via a report.

On successful completion you will be able to:

  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • Apply research skills to source and interrogate tax law materials and interpret complex legal information
  • Produce professionally written tax advice which presents a clear and well supported justification of guidance given

Class Test

Assessment Type: Quiz/Test

Due: Week 5

Weighting: 20%

A class test will be held during the session.

On successful completion you will be able to:

  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • Apply research skills to source and interrogate tax law materials and interpret complex legal information
  • the Writing Centre for academic skills support.

Assessment Tasks

Name Weighting Hurdle Due
Assessed Coursework 30% No Presentation throughout semester; Report due in Week 4
Quiz 20% No Week 3
Case study 30% No Week 4
Class Test 20% No Week 5

Assessed Coursework

Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: Presentation throughout semester; Report due in Week 4
Weighting: 30%

 

The Assessed Coursework Task is comprised of two tasks: individual presentations to assigned tutorial questions. The other is awarded for a Reflection Report.

 
On successful completion you will be able to:
  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • Apply research skills to source and interrogate tax law materials and interpret complex legal information

Quiz

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 3
Weighting: 20%

 

The quiz will consolidate students’ knowledge, skills, and capabilities in relation to the foundation principles of tax law and practice.

 
On successful completion you will be able to:
  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software

Case study

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 30 hours
Due: Week 4
Weighting: 30%

 

Students will be presented with a set of facts which will require them to identify the main tax issue(s), provide a detailed analysis of the tax issues, and apply relevant taxation laws to arrive at a conclusion in the form of a piece of advice. Students are required to communicate their professional tax advice via a 1500-word report.

 
On successful completion you will be able to:
  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • Apply research skills to source and interrogate tax law materials and interpret complex legal information
  • Produce professionally written tax advice which presents a clear and well supported justification of guidance given

Class Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 5
Weighting: 20%

 

A class test will be held during the session.

 
On successful completion you will be able to:
  • Identify tax issues and apply the provisions of relevant tax legislation to real-life situations
  • Develop a suitable set of tax management strategies for a variety of taxpayers including international tax transactions
  • Present, evaluate and use numerical and statistical information related to taxation including the use of accounting software
  • Apply research skills to source and interrogate tax law materials and interpret complex legal information

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

Refer to iLearn for details of delivery.

Unit Schedule

Week (date)

Lecture

Presentation

Assessment Due

1 (9 Dec)

The Australian Taxation System and Tax formula

Ethics, tax avoidance and evasion

No presentations

 

1 (10 Dec)

International aspects of taxation

General principles of income

Questions relating to Topic 1

 

1 (12 Dec)

Income from personal exertion

Income from property

Income from business

Questions relating to Topic 2

 

2 (16 Dec)

Tax Accounting

General Deductions

Questions relating to Topic 3

 

2 (17 Dec)

Specific Deductions

Trading Stock

Questions relating to Topic 4

 

2 (19 Dec)

Capital allowance and capital works

Blackhole expenses

Small business concessions

Questions relating to Topic 5

 

3 (3 Jan)

Capital Gains Tax

Questions relating to Topic 6

Online Quiz

4  (6 Jan)

Taxation of Individuals

Questions relating to Topic 7

 

4  (7 Jan)

Taxation of companies

Questions relating to Topic 8

 

4  (9 Jan)

Taxation of partnerships, trusts and superannuation

Questions relating to Topic 9

Case Study and Reflection Report (end of the week)

5  (13 Jan)

Goods and Services Tax

Questions relating to Topic 10

 

5  (14 Jan)

Fringe benefit tax

Questions relating to Topics 11-12

 

5  (16 Jan)

Final Revision

No presentations

Class Test (in-class)

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 connect.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.

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. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

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

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.

Unit information based on version 2024.04 of the Handbook