LSSU395 Taxation Law for Financial Services

Updated: 23 May 2019
Credit Points 6
Offering
Location Teaching Period Mode of Study
Armidale Trimester 3 Online
Intensive School(s) None
Supervised Exam There is a supervised exam at the end of the teaching period in which you are enrolled. The exam will either be paper-based and offered at an established exam venue or online with supervision via webcam and screen sharing technology. Coordinated by UNE Exams Unit.
Pre-requisites LSSU394
Co-requisites None
Restrictions LSSU392 or LSSU493 or LSSU592 or LSSU593
Notes None
Combined Units LSSU595 - Taxation Law for Financial Services
Coordinator(s) Kip Werren (kwerren2@une.edu.au)
Unit Description

This unit satisfies the FASEA requirement for a course in Australian taxation law that is approved by the Board for tax (financial) advisers (TPB(PG) 04/2014), equivalent of one taxation law unit covering key areas of taxation law.

Tax (financial) advisers should understand the boundaries about clients acting on their tax (financial) advice as well as understand which areas are so complex as to need specialised independent advice.

Tax (financial) advisers are not registered tax agents and, given that tax (financial) advice services are a subset of tax agent services, cannot provide the same broad range of services permitted by tax agents. Accordingly, it is unreasonable to expect them to have taxation law expertise that equals that of tax agents.

Materials Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment Assessment information will be published prior to commencement of the teaching period.
Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate an 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 an 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 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 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.