The Fundamentals of Australian Tax Law unit, provided by Curtin University and Open Universities Australia, will give you a comprehensive overview of the basic principles of various types of tax law in Australia. This unit is fundamental in understanding taxation in Australia and for learning to make tax calculations.
On completion of this unit you will be able to calculate income tax payable by individuals and sole traders as well as calculate capital gains tax payable by an individual or business. This will enable you to understand, advise and evaluate different tax situations relating to the collection of income tax.
Furthermore, you will attain the skills and knowledge to calculate the net income of a trust or partnership and in turn calculate the taxable income and net tax payable by a minor in this context. These are useful skills for more complex tax practices and are exceptionally useful for those who have an interest in the law of wills, trusts and estates.
Moreover, you will learn about tax payable in business settings, gaining the expertise to calculate the taxable income of a company and calculate goods and services tax. Learning about tax calculation for businesses will greatly increase your commercial awareness and this unit will allow you to practice tax calculation, broadening your professional skill set.
To enrol in this unit, you must be enrolled in one of the following courses:
Graduate Certificate in Taxation
Graduate Diploma in Taxation
Master of Taxation
Areas of study
In this unit, the topics you will study include:
Uniform capital allowances
Trusts and minors
Goods and services tax
This unit is a core requirement in the following courses:
Graduate Certificate in Taxation, Curtin University
Graduate Diploma in Taxation, Curtin University
Master of Taxation, Curtin University
Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.
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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
OUA has done away with traditional semesters to give you the flexibility you need. Find out more.
This unit will provide you with a solid understanding of taxation laws in Australia, and is an excellent foundation for a career in accountancy or tax law both within the public and private sector.
By having a solid understanding of the laws of taxation in relation to both businesses and individuals, you will be in an excellent position to work as part of a firm or as an independent tax practitioner. Furthermore, this unit allows you to explore other career options including accountancy, where tax knowledge is essential, or as part of a business where tax knowledge is a valuable asset.
How else will I benefit from this unit?
Upon successful completion of this unit you will receive credit for competencies in Fundamentals of Australian Tax Law from Curtin University.
Studying online means you can study where you want, at your own pace.
Gain industry-relevant skills and transferrable knowledge.
Government financial support through FEE-HELP may be available.
Studying single units allows you the flexibility to work towards a qualification at your own pace.
Receive Recognition of Prior Learning (RPL) for this unit across a number of OUAÕs full degree programs.
Get more information
Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
If you are an Australian citizen, you may be eligible to receive a government FEE-HELP loan, meaning you can defer payment of your fees.
Get more information
Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
You may be eligible to receive FEE-HELP for this course!
This course can be paid for through the FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.
Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).
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