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Tax for Professionals - GENL5031
 Blooming Flowers

 
Faculty: Faculty of Law
 
   
 
Course Outline: See below
 
 
Campus: Kensington Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 3
 
 
Enrolment Requirements:
 
 
Exclusion: enrolment in program 3502, 3543, 3979, 3571 or 3971
 
 
CSS Contribution Charge:Band 1 (more info)
 
   
 
Further Information: See Class Timetable
 
 
Available for General Education: Yes (more info)
 
  

Description

This course, which carries 6 units of credit, is available as part of the General Education policy at UNSW.

The purpose of this course is not to turn you into tax experts. When you have completed your studies in your own discipline, you will be entering the workforce, whether as an employee or self-employed, and you will need to know how the tax system operates.

This course aims to give you an understanding of the Australian tax system so that:
  • You are able to conduct your basic tax affairs with confidence, whether as an employee or if operating a small business;
  • You will understand your different obligations if working as an employee or being self employed;
  • You know when to seek expert advice, and where to find that advice;
  • You will gain confidence in dealing with the Australian Taxation Office;
  • You are able to keep out of trouble so that you are not be subject to tax penalties; and
  • You are able to consider tax impacts when you make decisions about your employment or business.

Recommended Prior Knowledge

None

Main Topics

  • Income
  • Deductions
  • Business Entities
  • Superannuation
  • GST and Tax Avoidance
  • Penalties

Assessment

Assessment for this course comprises of three components:

Class participation 10%

Mid-session assignment 40%

Final examination (open book - note 40% required to pass course) 50%

Course Texts

Prescribed
Information regarding the Atax Textbook Lists for Semester 1 will be available on the UNSW Bookshop website from 1 February.

Information regarding the Atax Textbook Lists for Semester 2 will be available on the UNSW Bookshop website from 1 July.

Order from UNSW Bookshop:
http://www.bookshop.unsw.edu.au/atax.html

Resources

Refer to the course outline which will be provided by the lecturer at the beginning of the relevant semester.

There are many good references available in the UNSW Library to add more depth to your understanding.

URL for this page:

© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.