Students

ACCG8124 – Applied Taxation Law

2025 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Nick Park
nick.park@mq.edu.au
Moderator
Mostafa Hasan
mostafa.hasan@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(ACCG614 or ACCG6014) and admission to GradDipAccgPrac or MAccg or MAccLead or MAccg(Adv) or MProfAcc or MProfAccgLead
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit examines the laws relating to income tax (including the taxation of capital gains), fringe benefits tax and the goods and services tax in Australia and their application to determine a particular entity’s tax liability. In completing this unit, students will be able to identify, explain, analyse and apply relevant tax legislation, case law and rulings to a variety of fact situations, making conclusions and recommendations. In addition, the tax issues specific to individuals, partnerships, trusts and companies are considered and compared. Specifically, students can identify, analyse and apply the law relating to income tax and determine a particular taxpayer's final income tax liability; identify, analyse and apply the law relating to GST and FBT and determine a particular taxpayer's GST and FBT liability; explain the relevant tax laws and related legal precedents and apply them to a problem or fact situation; present verbally and in writing conclusions as to the tax implications arising from a particular set of facts.

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, analyse and apply the law relating to income tax and determine a particular taxpayer's final income tax liability.
  • ULO2: Identify, analyse and apply the law relating to GST and FBT and determine a particular taxpayer's GST and FBT liability.
  • ULO3: Explain the relevant tax laws and related legal precedents and apply them to a problem or fact situation.
  • ULO4: Present verbally and in writing conclusions as to the tax implications arising from a particular set of facts.

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
Formal and observed learning: Exam 50% No Examination week
Formal and observed learning: Test 15% No Week 5
Professional practice: Business report 35% No Week 9

Formal and observed learning: Exam

Assessment Type 1: Examination
Indicative Time on Task 2: 40 hours
Due: Examination week
Weighting: 50%

 

The purpose of this assessment is for you to formally demonstrate the expertise you have gained in this unit.

You will participate in a 2-hour exam held during the University Examination period. Important information about the exam will be made available on the unit iLearn page. You should also review the MQ Exams website for general tips.

Deliverable: Formal exam Individual assessment

 
On successful completion you will be able to:
  • Identify, analyse and apply the law relating to GST and FBT and determine a particular taxpayer's GST and FBT liability.
  • Explain the relevant tax laws and related legal precedents and apply them to a problem or fact situation.
  • Present verbally and in writing conclusions as to the tax implications arising from a particular set of facts.

Formal and observed learning: Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Week 5
Weighting: 15%

 

The purpose of this assessment is for you to demonstrate your understanding and knowledge of key topics from the unit covered in Weeks 1 to 3.

You will participate in a formal test. Feedback on this test will help you assess your progress through the unit content.

Deliverable: Test Individual assessment

 
On successful completion you will be able to:
  • Identify, analyse and apply the law relating to income tax and determine a particular taxpayer's final income tax liability.
  • Explain the relevant tax laws and related legal precedents and apply them to a problem or fact situation.

Professional practice: Business report

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 30 hours
Due: Week 9
Weighting: 35%

 

The purpose of this assessment is for you to write a business analysis report demonstrating concerns of taxpayers from a practical perspective.

Skills in focus: - Problem skills - Critical thinking

Deliverable: Business Report Individual assessment [max: 2,000 words]

 
On successful completion you will be able to:
  • Identify, analyse and apply the law relating to GST and FBT and determine a particular taxpayer's GST and FBT liability.
  • Explain the relevant tax laws and related legal precedents and apply them to a problem or fact situation.
  • Present verbally and in writing conclusions as to the tax implications arising from a particular set of facts.

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

Unit Schedule

Week

Lecture

  

Assessment Due

01

Lecture 1 

The Australian taxation system and tax formula

  

 

02

Lecture 2 

International aspects of taxation 

General principles of income

 

  

 

03

Lecture 3 

Income from personal exertion

Income from property

Income from business

 

  

04

Lecture 4 

Tax Accounting

General deductions

  

 

05

Lecture 5 

Specific deductions

Trading stock

  

Online quiz 

06

Lecture 6

Capital allowances and capital works

Blackhole expenses

Small business concessions

 

  

 

 

 

 
07

Lecture 7

Capital Gain tax 

  

 

08

Lecture 8 

Goods and Services Tax

 

  

 

 

 

 

09

Lecture 9

Taxation of individuals

  

 

Case study 

 

10

Lecture 10 

Taxation of partnerships, trusts and 

superannuation 

  

 

11

Lecture 11

Taxation of companies

 

  

 

12

Lecture 12

Fringe benefits tax

Ethics, tax avoidance and evasion 

 

  

 

13

Lecture 13                               

Revision

  

 

 

14

EXAMINATION PERIOD

  

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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.

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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. 

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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.

Changes from Previous Offering

ACCG 8124 Session 1 2025 does not include class participation assessment task.

Unit information based on version 2025.05 of the Handbook