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MLC703 - Principles of Income Tax Law

Year:

2023 unit information

Enrolment modes:Trimester 2: Burwood (Melbourne), 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 - online:

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.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Analyse and apply tax legislation and relevant case law to problem-based scenarios related to personal and business transactions.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO2

Use a range of digital resources to research and obtain relevant information to inform well-reasoned arguments on tax policy matters. 

GLO3: Digital literacy

ULO3

Evaluate tax doctrine to critique policy and legal reform issues related to tax law.

GLO4: Critical thinking

ULO4

Evidence intellectual curiosity and independent thought in evaluating the application of tax law. 

GLO6: Self-management

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week

Assessment 1: (Individual) Written Assignment
 
Part A: Problem based written assignment
Part B: Report (Research) 

Part A: 1500 words 
Part B: 1500 words

Part A: 20%
Part B: 20% 

Week 9
Examination 2 hours  60% End-of-unit assessment 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 to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit. 

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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