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MLC703 - Principles of Income Tax Law

Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 2: Rami Hanegbi
Prerequisite:Nil
Corequisite:Nil
Incompatible with: MAA790, MLC731
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

1 x 2 hour class and 1 x 1 hour seminar per week

Scheduled learning activities - cloud:

1 x 2 hour class (recordings provided) and 1 x 1 hour online seminar per week

Content

The unit aims to familiarise students with the principles underlying the Income Tax Assessment Act (ITAA 1936 and 1997) so that they have the necessary skills to successfully approach and research complex problems involving income tax issues. Topics include: the position and importance of income tax in the range of Commonwealth and state taxes; concepts of income and capital; deductions and exemptions; tax offsets; taxation of capital gains, fringe benefits and trading stock; taxation of companies; dividend imputation; taxation of individuals, partners, trustees and beneficiaries.

 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

Demonstrate an understanding of the principles that govern the operation of the Australian income tax system.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Show a knowledge of how selected provisions of the Income Tax Assessment Acts (ITAAs) and associated Acts and relevant cases operate in practice.

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem solving

ULO3

Research the relevant legislation and case law to give well-argued opinions on the likely taxation consequences of medium to complex practical fact situations.

GLO3: Digital literacy
GLO4: Critical thinking
GLO5: Problem solving
GLO6: Self-management

ULO4

Demonstrate research and analysis skills necessary to undertake in-depth research in relation to income tax law.

GLO4: Critical thinking
GLO5: Problem solving
GLO6: Self-management

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

:
Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Written Assignment 3000 words 40% Week 9
Examination 3 hours 60% Exam period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MLC703 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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