Unit Information
Unit code: BAO6005
Credit points: 12
In this unit, students will acquire technical and working knowledge of the key provisions of Australian Tax Law and apply to a range of problems to determine taxation consequences. Comparisons of tax implications relating to business, individuals and trusts will be undertaken along with research and analysis to develop strategic tax planning solutions. Case scenarios will be employed to develop the students’ understanding of tax avoidance legislation and awareness of the consequences of tax avoidance and their ability to construct tax recommendations and explicate the consequences of unresolved tax problems. Professional skills including business awareness, obligations of the TPB and interpersonal skills related to presenting tax advice are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction.
This unit is designed to meet the requirements of a Financial Adviser Standards and Ethics Authority [FASEA] approved degree and successful completion of this unit may count towards the annual Continuing Professional Development (CPD) requirement for the financial advisers and planners, to a maximum of 30 CPD hours per year.
This unit aligns to the knowledge requirements of the Tax Practitioners Board.
On successful completion of this unit, students will be able to:
- Explain the key provisions of Australian taxation law across a range of individual and business scenarios and demonstrate a working knowledge of the legal concepts, principles and tax treatment calculations;
- Apply Australian taxation Law to the preparation of income tax returns of moderate complexity for individual taxpayers, companies, partnerships and trusts;
- Analyse the compliance requirements of the Australian taxation system, including a critical awareness of the concept of tax avoidance and evasion provisions in the Australian tax legislation;
- Compare tax implications of different business structures and individual circumstances, research tax applications and provide strategic advice regarding the tax issues arising from a range of financial planning and common taxpayer scenarios; and
- Demonstrate an understanding of the general requirements of the TPB and TASA Act and implications in relation to providing professional financial planning advice.
- Participate in an academic community through reflective and critical engagement in academic texts and understanding of principles of academic integrity.
| Item | Assessment | Graded | LO Alignment | Grad Caps Alignment |
| Assignment | Tax Law, Principles and Concepts (500 words) | 10% | 5 | 1 |
| Examination | Australian Tax System and Applications (2000 words) | 40% | 1, 2 | 1, 2 |
| Project | Tax Strategies and Recommendations (2500 words) | 50% | 3, 4 | 1, 2 |
| Other | Evidence of completion of the Academic Integrity Modules (Hurdle) | 0% | 6 | 1, 2 |
Still have questions?
Our Student Enrolment Advisors are just a click away. They can answer any questions you have about this course or VU Online.
Latest news
Becoming a Nurse Unit Manager (NUM) is an excellent option for nurses who want to lead teams, advance their careers and increase their earning potential.
Working in youth mental health has never been more important, with nearly two in five young people reporting experiences of mental illness in the last two years. Unsurprisingly, demand for mental health services has also skyrocketed since the pandemic.
