MLC301 Principles of Income Tax Law Deakin University Unit Guide - Faculty of Business and Law Trimester 1, 2021 - Unit guides 2021 / Trimester
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Faculty of Business and Law
MLC301 Principles of Income Tax Law
Deakin University Unit Guide
Trimester 1, 2021CONTENTS
WELCOME ........................................................................................................................................................................... 2
WHO IS THE UNIT TEAM? ................................................................................................................................................... 2
Unit chair: leads the teaching team and is responsible for overall delivery of this unit ............................................. 2
Unit chair details ......................................................................................................................................................... 2
Administrative queries ................................................................................................................................................ 2
ABOUT THIS UNIT ............................................................................................................................................................... 2
Unit development in response to student feedback ................................................................................................... 3
Your course and Deakin's Graduate Learning Outcomes ............................................................................................ 3
Your Unit Learning Outcomes ..................................................................................................................................... 3
ASSESSING YOUR ACHIEVEMENT OF THE UNIT LEARNING OUTCOMES ........................................................................... 4
Hurdle requirements ................................................................................................................................................... 4
Summative assessment ............................................................................................................................................... 4
- Summative assessment task 1 .................................................................................................................................. 4
- Summative assessment task 2 .................................................................................................................................. 5
- Summative assessment task 3 .................................................................................................................................. 6
Your learning experiences in this Unit - and your expected commitment .................................................................. 6
Scheduled learning activities - campus ....................................................................................................................... 6
Note ............................................................................................................................................................................. 6
Scheduled learning activities - cloud ........................................................................................................................... 7
Note ............................................................................................................................................................................. 7
UNIT LEARNING RESOURCES .............................................................................................................................................. 7
Essential learning resources ........................................................................................................................................ 8
Recommended learning resources ............................................................................................................................. 8
KEY DATES FOR THIS TRIMESTER ....................................................................................................................................... 9
UNIT WEEKLY ACTIVITIES ................................................................................................................................................... 9
10 February 2021Deakin University, Faculty of Business and Law
MLC301 Principles of Income Tax Law - Trimester 1, 2021
WELCOME
Welcome to the unit MLC301 Principles of Income Tax Law. As your unit chair, I hope that you will find this unit both
intellectually stimulating and relevant to your studies in your current course and your future employment as a Deakin
graduate.
You may need to contact me as the unit chair at some stage during this trimester. Most communication will be via the
discussion boards on the Unit site. But for personal matters or in an emergency, you may need to contact me directly; my
contact details are below. If I am not in my office when you call, please leave a message on my voicemail or email me and I
will respond as soon as possible.
This Unit Guide provides you with the key information about this Unit. For the best chance of success, you should read it
carefully and refer to it frequently throughout the trimester. Your Unit site (inside DeakinSync) also provides information
about your rights and responsibilities. We will assume you have read this before the Unit commences, and we expect you to
refer to it throughout the trimester.
Due to the coronavirus (COVID-19) situation, you may be learning in a way that is new to you. We appreciate your flexibility
and dedication to learning. For a range of helpful services and resources, please go to study support
https://www.deakin.edu.au/students/studying/study-support.
WHO IS THE UNIT TEAM?
Unit chair: leads the teaching team and is responsible for overall delivery of this unit
Rami Hanegbi
Unit chair details
Name Rami Hanegbi
School Deakin Law School
Faculty Business and Law
Campus Melbourne Burwood Campus
Email rhan@deakin.edu.au
Phone +61 3 924 46154
Administrative queries
• Contact your Unit Chair or Campus Leader
• Drop in or contact Student Central to speak with a Student Adviser
For additional support information, please see the Rights and Responsibilities section under 'Resources' in your unit site.
ABOUT THIS UNIT
This unit covers legal principles applicable to income taxation in Australia. Topics include: assessable income and deductions;
capital gains; trading stock; taxable entities; taxation administration; Fringe Benefits Tax; and Goods and Services Tax.
10 February 2021 Page 2 of 9Deakin University, Faculty of Business and Law
MLC301 Principles of Income Tax Law - Trimester 1, 2021
Unit development in response to student feedback
Every trimester, we ask students to tell us, through eVALUate, what helped and hindered their learning in each Unit. You are
strongly encouraged to provide constructive feedback for this Unit when eVALUate opens (you will be emailed a link).
We take your feedback and evaluation very seriously and at the end of this unit you are strongly encouraged to complete the
Student Evaluation form.
The following aspects of the unit have been introduced, enhanced or retained in response to feedback from students who
have undertaken this unit in previous trimesters.
• Changes to the format of assessment to give early feedback on progress and additional practice at answering
problem type questions in preparation of the next assessment.
• Continued Echo recording of lectures to provide additional support for all students.
• Updated comprehensive set of self-review multiple choice questions which are available on-line and will assist
with providing instant feedback on your progress.
If you have any concerns about the Unit during the trimester, please contact the unit teaching team - preferably early in the
trimester - so we can discuss your concerns, and make adjustments, if appropriate.
Your course and Deakin's Graduate Learning Outcomes
GLO1 Discipline-specific appropriate to the level of study related to a discipline or profession
knowledge and
capabilities:
GLO2 Communication: using oral, written and interpersonal communication to inform, motivate and effect change
GLO3 Digital literacy: using technologies to find, use and disseminate information
GLO4 Critical thinking: evaluating information using critical and analytical thinking and judgment
GLO5 Problem solving: creating solutions to authentic (real world and ill-defined) problems
GLO6 Self-management: working and learning independently, and taking responsibility for personal actions
GLO7 Teamwork: working and learning with others from different disciplines and backgrounds
GLO8 Global citizenship: engaging ethically and productively in the professional context and with diverse
communities and cultures in a global context
Each Deakin course has Course Learning Outcomes which explain what the Deakin Learning Outcomes mean in your
discipline. Learning in each unit builds towards the Course Learning Outcomes.
Your Unit Learning Outcomes
Each Unit in your course is a building block towards these Graduate Learning Outcomes - not all Units develop and assess
every Graduate Learning Outcome (GLO).
These are the Learning Outcomes (ULO) for this Unit
Deakin Graduate Learning Outcomes
At the completion of this Unit, successful students can:
GLO1:Discipline-specific knowledge and
Demonstrate a working knowledge of the principles that govern
ULO1 capabilities
the operation of the Australian income tax system, GST and FBT.
GLO3:Digital literacy
10 February 2021 Page 3 of 9Deakin University, Faculty of Business and Law
MLC301 Principles of Income Tax Law - Trimester 1, 2021
These are the Learning Outcomes (ULO) for this Unit
Deakin Graduate Learning Outcomes
At the completion of this Unit, successful students can:
Demonstrate the ability to evaluate, analyse and apply selected GLO1:Discipline-specific knowledge and
ULO2 provisions of the Income Tax Assessment Acts, and associated capabilities
Acts. GLO3:Digital literacy
GLO1:Discipline-specific knowledge and
capabilities
Demonstrate the ability to read, interpret and apply relevant
ULO3 GLO3:Digital literacy
judicial decisions.
GLO4:Critical thinking
GLO5:Problem solving
GLO1:Discipline-specific knowledge and
Demonstrate the skills and tools necessary to successfully research capabilities
ULO4 the taxation consequences of new and unfamiliar taxation law GLO3:Digital literacy
problems. GLO4:Critical thinking
GLO5:Problem solving
Deakin Graduate Learning Outcomes
Deakin Graduate Learning Outcomes describe the knowledge and capabilities graduates have acquired and are able to apply
and demonstrate at the completion of their course. They consist of outcomes specific to a particular discipline or profession
as well as transferable generic outcomes that all graduates should have acquired irrespective of their discipline area.
Learning outcomes are not confined to the knowledge and skills acquired within a course, but also incorporate those that
students bring with them upon entry to the course consistent with the Australian Qualifications Framework pathways policy.
Deakin’s courses are designed to ensure that students develop systematic knowledge and understanding of their discipline or
chosen profession appropriate to their level of study. They are specified at the course level, mapped to course components
and are assessed. In professionally-accredited courses, discipline-specific learning outcomes may be defined in part by the
relevant professional body.
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
ASSESSING YOUR ACHIEVEMENT OF THE UNIT LEARNING OUTCOMES
Hurdle requirements
Hurdle requirement: achieve at least 50% of the marks available on the examination.
Summative assessment
Deakin has a universal assessment submission time of 8 pm AEDT. A late penalty will apply to assessments submitted after
11.59 pm AEDT.
(tasks that will be graded or marked)
NOTE: It is your responsibility to keep a backup copy of every written assignment. In the unusual event that one of your
assignments is misplaced, you will need to submit the backup copy. Any work you submit may be checked by electronic or
other means for the purposes of detecting collusion and/or plagiarism.
- Summative assessment task 1
Summative Assessment Task 1 (Individual)
Brief description of Case problems - Revision Topic 2
assessment task
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MLC301 Principles of Income Tax Law - Trimester 1, 2021
Detail of student output Written short answers required to ten questions based on real world fact situations. This
assessment will be conducted online via the Unit site and will cover Topic 2 only. Further
detail will be provided during the trimester.
Grading and weighting 20%
(% total mark for unit)
This task assesses your ULO1, ULO2, ULO3 and ULO4
achievement of these Unit This assessment will assist students to demonstrate their written communication,
Learning Outcome(s) knowledge, analytical skills, ability to interpret legislation and case law and their ability to
research new and unfamiliar taxation law problems using digital resources. The use of real
world problem based questions can be used by students to demonstrate their
employability to future employers and the feedback will prepare them for their next
assessment.
This task assesses your GLO1, GLO3, GLO4 and GLO5
achievement of these Upon completing this Assessment students are expected to have an appropriate level of
Graduate Learning discipline-specific knowledge; effectively and efficiently communicate via written answers,
Outcome(s) build understanding of how to use digital resources to locate relevant information, and be
able to critically analyse and solve problems at an appropriate level.
How and when you will Students can expect feedback on each summative task in time to help them improve for
receive feedback on your the subsequent assessment, including the exam. Students can also make an appointment
work to get feedback on their exam.
When and how to submit Due by 8pm AEST Monday 12 April 2021. Submission via Cloud only - further details to be
your work provided early in the trimester.
- Summative assessment task 2
Summative Assessment Task 2 (Individual)
Brief description of Case problems - Revision Topics 3 and 4
assessment task
Detail of student output Written short answers required to ten questions based on real world fact situations. This
assessment covers Topics 3 and 4 only. Further detail will be provided during the
trimester.
Grading and weighting 20%
(% total mark for unit)
This task assesses your ULO1, ULO2, ULO3 and ULO4
achievement of these Unit This assessment will assist students to demonstrate their written communication,
Learning Outcome(s) knowledge, analytical skills, ability to interpret legislation and case law and their ability to
research new and unfamiliar taxation law problems using digital resources. The use of real
world problem based questions can be used by students to demonstrate their
employability to future employers and the feedback will prepare them for their next
assessment.
This task assesses your GLO1, GLO3, GLO4 and GLO5
achievement of these Upon completing this Assessment students are expected to have an appropriate level of
Graduate Learning discipline-specific knowledge; effectively and efficiently communicate via written answers,
Outcome(s) build understanding of how to use digital resources to locate relevant information, and be
able to critically analyse and solve problems at an appropriate level.
How and when you will Students can expect feedback on each summative task in time to help them improve for
receive feedback on your the subsequent assessment, including the exam. Students can also make an appointment
work to get feedback on their exam.
When and how to submit your Due by 8pm AEST Monday 10 May 2021. Submission via Cloud only - further details to be
work provided early in the trimester.
10 February 2021 Page 5 of 9Deakin University, Faculty of Business and Law
MLC301 Principles of Income Tax Law - Trimester 1, 2021
- Summative assessment task 3
Summative Assessment Task 3 (Individual)
Brief description of assessment task Scheduled Online Release Take-Home Exam
Detail of student output 3,000 words (maximum word limit) response submitted in a Word document
Grading and weighting 60%
(% total mark for unit)
This task assesses your achievement ULO1, ULO2 and ULO4
of these Unit Learning Outcome(s) This assessment will assist students to demonstrate their knowledge, analytical
skills, ability to interpret legislation and case law and their ability to apply the
income tax law to new and unfamiliar real world taxation law problems.
This task assesses your achievement GLO1, GLO3, GLO4 and GLO5
of these Graduate Learning Upon completing this Assessment students are expected to have an appropriate
Outcome(s) level of discipline-specific knowledge; and be able to critically analyse and solve
problems at an appropriate level.
How and when you will receive Students can expect feedback on each summative task in time to help them
feedback on your work improve for the subsequent assessment, including the exam. Students can also
make an appointment to get feedback on their exam.
When and how to submit your work This will be completed in the University T1, 2021 examination period as per the
University Examination Timetable.
Submission in the CloudDeakin dropbox according to instructions on the unit site.
Your learning experiences in this Unit - and your expected commitment
To be successful in this unit, you must:
• Read all materials in preparation for your classes or seminars, and follow up each with further study and research on
the topic;
• Start your assessment tasks well ahead of the due date;
• Read or listen to all feedback carefully, and use it in your future work;
• Attend and engage in all timetabled learning experiences as follows:
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment
activities for this unit.
Scheduled learning activities - campus
Cloud Provided Learning material: 1 x 3 hour class (recordings provided) a 1 x 1 hour online seminar per week (attended
online (live streamed) and recorded)
Note
Teaching will be delivered in line with the COVIDSafe health guidelines. All classes will be delivered online but other activities
may include a combination of online and on-campus activities. Please refer to the details provided below, and check your
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MLC301 Principles of Income Tax Law - Trimester 1, 2021
unit site for announcements and updates.
Scheduled learning activities - cloud
1 x 3 hour class (recordings provided) and 1 x 1 hour online seminar per week
Students will on average spend 150 hours over the trimester undertaking the teaching, learning and assessment activities for
this unit. This will include 4 face-to-face contact hours per week (3 x 1-hour classes and 1 x 1-hour seminar) and online
problem-based exercises.
Development of a working knowledge of taxation law involves two important steps. Firstly, to develop a working knowledge
of the law, and secondly, to build the skills necessary to apply the law to practical real world situations. The first stage in this
process is developed through classes, text and Study Guide which are used to present the basic principles underlying the law
and provide the structure for further reading and study. An essential part of this process for students is to follow up the
material presented and read the relevant legislation, textbooks and the cited cases. Having covered the basic principles, the
practical application of the law to real world problems is explored through the problems discussed on campus and Cloud
(online). This requires students to prepare answers to these problems so that they are able to explore and discuss them in
detail in the seminars or discussion areas.
To achieve these objectives it is necessary to attend all classes or make full use of the Cloud (online) teaching facilities, work
through the Study Guide, reading the relevant legislation, textbooks and the cited cases.
As a general rule students should allow about ten hours per week, including class time, for study in the unit.
Study of this unit can be undertaken in either on Campus or Cloud (online) modes.
Campus
Class contact consists of 3 hours of classes plus a 1 hour seminar per week. These classes are supported with a Study Guide,
class outlines and audio streamed lectures. Access to CloudDeakin provides access to all the materials and additional support
for this unit.
Cloud-(online)
The study materials provided include a comprehensive Study Guide and Readings which provide a guided path through the
study of the content required for this unit. The main teaching environment is through the Unit site where additional
resources are provided. These include, self-assessed multiple choice review questions, interactive on-line discussion to give
feedback on progress, lecture outlines and recordings, weekly study goals, direction on the importance of particular issues
and direct access to the lecturer for discussion of particular questions arising out of the material covered.
Note
At Deakin,
• Lectures are referred to as classes (definition: a general meeting for all students, for which students do not need to
register and where students are engaged through presentations and learning activities)
• Tutorials, workshops and seminars are referred to as seminars (definition: more interactive meetings for smaller
groups of students)
• For the complete list of agreed definitions for learning experiences, see the Course Design and Delivery Procedure
UNIT LEARNING RESOURCES
Your unit learning resources are available in CloudDeakin.
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MLC301 Principles of Income Tax Law - Trimester 1, 2021
The learning resources listed in the table below are provided to you online via the Unit site.
Resource Description
Readings are provided. Please see the document 'weekly planner' which will be uploaded to
Readings CloudDeakin. The planner will contain your schedule for each week (readings and questions to be
completed).
Echo recordings and
Audio and PowerPoint presentations are available for all lectures
podcast
On-line discussion forums are available for on-line students. On-line tutorials will be available for
On-line discussion
online students only.
Self-review multiple Self-review questions will be provided to test your knowledge and give feedback on how you are
choice questions going.
Sample answers Selected sample answers and answer guides are made available on the completion of each topic.
Past exam papers Past exam papers are available online and released in the second half of the trimester.
Study Guide This provides a topic-by-topic guide to the unit.
The texts and reading list for the unit can be found on the University Library via the link below: MLC301 Note: Select the
relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month
prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide
only.
Essential learning resources
You will require online access. University specifications for online communication and computer standards are listed in the
University Handbooks.
• Sadiq K (ed), et al, Principles of Taxation Law 2021, (Thomson Reuters, Pyrmont NSW)
• Pinto, Kendall and Sadiq, Fundamental Tax Legislation 2021, (Thomson Reuters, Pyrmont
NSW)
In this unit we teach with the most recent edition of the text as Taxation Law is subject to constant change and reference to
out-of-date legislation could cause the loss of marks in assessment. If you have questions about using a previous edition of
the text please read the FAQ doc posted to Cloud.
(These two texts are sold as a shrink-wrapped Tax Kit to reduce the cost)
Textbooks are available at the DUSA Bookshop. Burwood students can purchase on-campus or online. Geelong and
Warrnambool students can purchase at www.dusabookshop.com.au for home delivery or on-campus Click & Collect.
Recommended learning resources
The Deakin Software Library provides students with access to software that you may need or find useful for your study at
Deakin.
The following is a range of suggested additional references that you may find useful at times during the study of this unit:
Resource materials
• Australian Master Tax Guide, (current edition), CCH Australia.
• Australian Tax Handbook, (current edition), Thomson Reuters, Sydney, NSW.
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MLC301 Principles of Income Tax Law - Trimester 1, 2021
Internet resources and computer resources
• Various internet resources are used in this unit to support the materials provided. Details on these sites are
presented in the study materials.
KEY DATES FOR THIS TRIMESTER
Trimester begins (classes begin) Monday 8 March 2021
Intra-trimester break (a short break during trimester) Friday 2 April - Sunday 11 April 2021
Trimester ends (classes cease) Friday 28 May 2021
Study period (examination preparation period) Monday 31 May - Friday 4 June 2021
Examinations begin Monday 7 June 2021
Examinations end Friday 18 June 2021
Inter-trimester break (the period between trimesters) Monday 21 June - Friday 9 July 2021
Unit results released Thursday 8 July 2021 (6pm)
UNIT WEEKLY ACTIVITIES
Week Commencing Topic Special learning activities Assessment due date
1^ 8 March 2021 1,2 Introduction - Structure of the unit and Taxation system.
Assessable income - Income in ordinary concepts
2 15 March 2021 2 Assessable income - Income in ordinary concepts
3 22 March 2021 2 Assessable income - statutory income
4 29 March 2021 3 Capital Gains Tax
#Intra-trimester break: Friday 2 April - Sunday 11 April 2021 (inclusive)
5 12 April 2021 3 Capital Gains Tax Assessment 1
6 19 April 2021 4 General deductions
7* 26 April 2021 4 Specific deductions
8 3 May 2021 4 & 5 Capital allowances
Trading stock
9 10 May 2021 5 & 6 Trading stock Assessment 2
Taxation of entities
10 17 May 2021 6 & 7 Taxation of entities
Fringe Benefits Tax & Goods and Services Tax
11 24 May 2021 8 Tax Administration
^Victorian Labour Day public holiday: Monday 8 March - University open
#Easter vacation/intra-trimester break: Friday 2 April - Sunday 11 April 2021 (between weeks 4 and 5)
*ANZAC Day observed, Monday 26 April (in lieu of 25 April) - University closed
10 February 2021 Page 9 of 9You can also read
