Unit convenor and teaching staff |
Unit convenor and teaching staff
Daisy Chen
Moderator
James Hazelton
|
---|---|
Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
(20cp at 2000 level or above including 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. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
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
Name | Weighting | Hurdle | Due |
---|---|---|---|
Professional practice: Australian tax framework | 30% | No | Throughout |
Skills development: Analysis and application of taxation principles | 30% | No | Week 12 |
Formal and observed learning: Test | 40% | No | Week 13 |
Assessment Type 1: Practice-based task
Indicative Time on Task 2: 20 hours
Due: Throughout
Weighting: 30%
The purpose of this assessment is for you to build your expertise in Australian tax legislation and tax management strategies.
You will analyse and evaluate real-world scenarios.
Skills in focus: - Analytical skills - Communication skills - Critical thinking
Deliverable: Presentation and reflection Individual assessment
Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 30 hours
Due: Week 12
Weighting: 30%
The purpose of this assessment is for you to hone your skills in identifying, analysing and applying taxation principles to real-world scenarios.
You will collaborate with a team on a case to identify the main tax issue(s), provide a comprehensive analysis of the issues, and apply relevant taxation laws to arrive at a well-supported conclusion in the form of professional advice.
Skills in focus: - Discipline Knowledge - Digital skills - Communication skills
Deliverable: Written Submission Group assessment
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 13
Weighting: 40%
The purpose of this assessment is for you to demonstrate your understanding and knowledge of key topics from the unit.
You will participate in a formal test.
Deliverable: Test Individual assessment
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Refer to iLearn for details of delivery.
Week |
Lecture |
Presentation |
Assessment Due |
01 |
Lecture 1 The Australian taxation system and tax formula |
No presentations |
|
02 |
Lecture 2 Residence and source General principles of income Income from personal services and employment
|
Questions relating to Lecture One |
|
03 |
Lecture 3 Income from business Income from property Principles of compensation
|
Questions relating to Lecture Two |
|
04 |
Lecture 4 Capital gain tax |
Questions relating to Lecture Three |
|
05 |
Lecture 5 Tax accounting General deductions |
Questions relating to Lecture Four |
|
06 |
Lecture 6 Specific deductions Trading stock
|
Questions relating to Lecture Five |
|
07 |
Lecture 7 Capital allowances |
Questions relating to Lecture Six |
|
08 |
Lecture 8 Partners and partnership Trust and beneficiaries Taxation of superannuation
|
Questions relating to Lecture Seven |
|
09 |
Lecture 9 Companies and shareholders Offsets |
Questions relating to Lecture Eight |
|
10 |
Lecture 10 Fringe benefits tax |
Questions relating to Lecture Nine |
|
11 |
Lecture 11 Goods and services tax
|
Questions relating to Lecture Ten |
|
12 |
Lecture 12
Tax administration
|
Questions relating to Lecture Eleven |
Group assignment |
13 |
Lecture 13 Tax avoidance and evasion |
No presentations
|
Test |
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.
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 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
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 provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Academic Success 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 offers a range of Student Support Services including:
Got a question? Ask us via the Service Connect Portal, or contact Service Connect.
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 2025.04 of the Handbook