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Unit of study_
LAWS6825: Fundamentals of Australian Taxation
2025 unit information
This unit introduces the basic elements of Australia's income tax (including fringe benefits tax and capital gains tax) and Goods and Services Tax, with an emphasis on their impact on businesses, whether conducted directly or via a partnership, trust or company. The unit covers the following topics: the main structural features of the tax system; assessability of business revenue; treatment of business expenses; timing rules for revenue and expense recognition; trading forms (companies, partnerships, trusts), capital raising and costs of servicing invested capital; cross-border issues; and anti-avoidance rules. The unit is approved by the Tax Practitioners Board in the subject area Australian Taxation Law - Introductory. Refer to the Sydney Law School timetable - https://canvas.sydney.edu.au/courses/4533/pages/postgraduate-lecture-timetable
Unit details and rules
Managing faculty or University school:
Sydney Law School
| Study level | Postgraduate |
|---|---|
| Academic unit | Law |
| Credit points | 6 |
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Prerequisites:
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None |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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LAWS3412 or LAWS5112 |
| Assumed knowledge:
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It is assumed that students undertaking specified tax units have an understanding of Australian income taxation law commensurate with that, which would be obtained from completing undergraduate study in Australian taxation law or five years working with Australian taxation law in a law or accounting practice, in an industry role, or in the Australian Taxation Office. Students who do not have such knowledge or work experience should undertake LAWS6825 Fundamentals of Australian Taxation before enrolling in other units. For students who have not studied Australian law, it is recommended that they undertake LAWS6252 Legal Reasoning and the Common Law System before enrolling in this unit. |
At the completion of this unit, you should be able to:
- LO1. Critically analyse the application and operation of the Australian income tax law for business, whether conducted directly or via a company, partnership or trust.
- LO2. Critically apply Australian income tax law to a variety of domestic commercial transactions, focusing on timing (tax accounting) rules.
- LO3. Identify and critically analyse income tax issues arising in international commercial transactions.
- LO4. Critically examine the principles and application of Goods and Services Tax (GST) and Fringe Benefits Tax in various contexts.
- LO5. Investigate and articulate the framework governing the administration of income tax in Australia.
- LO6. Identify and describe the ethical responsibilities of tax advisors under the Tax Agent Services Act, with an emphasis on professional conduct.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1a 2024
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Block mode | Camperdown/Darlington, Sydney | |
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Semester 2a 2024
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Block mode | Camperdown/Darlington, Sydney |
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1a 2025
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Block mode | Camperdown/Darlington, Sydney |
Outline unavailable
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Semester 2a 2025
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Block mode | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
