Taxation Law for Financial Services (LSSU595)

Learning outcomes

Upon completion of this unit, students will be able to:

1. demonstrate an in-depth understanding of the nature and scope of the principles that govern the operation of taxation law (e.g. knowledge of the concepts of assessability, income, deductability, special taxpayers and taxation planning);
2. demonstrate a well-developed understanding of how taxation law is administered and how its assessments can be challenged, and recognise the distinction between tax evasion and tax minimisation;
3. demonstrate an advanced understanding of the legislation and procedures necessary for tax compliance, particularly relating to Fringe Benefits, Goods and Services, Superannuation and Financial Transactions; tax avoidance and evasion; and tax administration;
4. use cognitive, technical and creative skills to employ the skills of legal research techniques including identifying primary sources, critical analysis, reasoning and argument to communicate independent opinions on legal issues relevant to taxation law
5. produce clear and coherent written communications that are based upon analysis, synthesis, and the application of professional and ethical judgement, as well as reflection and critical evaluation of the relevant law, to competently and confidently explain and quantify tax consequences of complex factual problems; and
6. plan, construct and communicate written advice for a financial services clients and other interested parties that is clear, coherent and well-argued.