BA317 - Taxation Law

Credit Points: 15

Prerequisite: BB107 Commercial Law

Co-requisite: N/A

Workload: 36 contact hours

Campus: Melbourne, Sydney

Aims & Objectives

This is a third year core unit in the Bachelor of Business majoring in Accounting. This unit deals with the operation of Australian Income Tax Law and more particularly the Income Tax Assessment Act. It aims for students to gain a general understanding of the operation of the Australian tax legislation.

The unit topics include:

  1. Legal framework
  2. Residence and source
  3. Assessable income
  4. Carrying on a business
  5. Trading stock
  6. Capital gains tax
  7. Fringe benefits tax
  8. General deductions
  9. Capital v revenue
  10. Specific deductions
  11. Taxation of entities (company, partnership & trust)
  12. Goods & services tax
  13. Tax audits
  14. Amendments, objections and appeals

Learning Outcomes

At the completion of this unit students should be able to:

  1. Describe and demonstrate the factors influencing the creation and interpretation of income tax legislation, and their relationship to accounting concepts and practice
  2. Discuss and explain principles of income tax law in Australia and more particularly, the taxation of capital gains, fringe benefits tax and goods and services tax
  3. Calculate the taxable income for different types of taxable entities
  4. Apply general principles to analyse and solve a tax technical problem
  5. Apply different principles of accounting for revenue

Teaching Method

Lecture: 2 hours
Tutorial/Workshop: 1 hour
Face to Face


Assessment Task
Learning Outcomes Assessed
Contribution in classa-e*10%
Class Testa,b*10%
Research Assignment (Group)a-e*20%
Research Assignment Presentation
Final Exam (3 hours)a-e*50%
Total 100%

*refer to learning outcomes above.


Gilders, F, Taylor J, Walpole M, Burton M, Ciro, T. (2016). Understanding Taxation Law, Australia, Lexis Nexis.

Reference Reading

  • (2016) Australian Master Tax Guide Ed 58, CCH Australia Ltd (MTG)
  • Prince, JB, (2015/16) Tax for Australians for Dummies, Wiley (TFAFD)

MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:

Ability to communicateIndependent and Lifelong LearningEthicsAnalytical and Problem Solving Cultural and Global AwarenessTeam workSpecialist knowledge of a field of study


Colour coding    

Extent covered

                               The standard  is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations
 The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations
 The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations 
 The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by  activities such as lectures or tutorials
 The standard  is not considered, there is no theory or practice or activities associated with this standard