Study guide: Third edition

Taxation is a key component of the overall skills base of today's professional accountant.

Business leaders appreciate that there are taxation implications that flow on from most business decisions. A sound knowledge of Australian taxation law is essential to ensure quality input into the strategic decision-making process of a business, and to provide post-implementation taxation advice. Business structures may involve different types of entity (such as individuals, partnerships, trusts and companies), and it is important to consider the taxation impact on each of them.

This subject is compulsory for candidates who have not completed recognised studies in taxation.

This subject is a prerequisite for obtaining a Public Practice Certificate.

Note: From Semester 2 2018 this subject will have an uplift in content and learning outcomes so it’s in line with postgraduate studies and will contribute to your taxation requirements as a Registered Tax Adviser with the Tax Practitioner’s Board. If you intend to complete Advanced Taxation from Semester 2 2018, or need to defer in Semester 1 2018, we recommend you complete undergraduate taxation study prior to enrolling.

Exam structure

The Advanced Taxation exam generally consists of 100 per cent multiple-choice questions. 

Subject aims

The aims of this subject are:

  • to provide you with an awareness of the key provisions of the relevant taxation legislation
  • enable you to apply the relevant legislative concepts to determine taxation consequences.

General objectives 

On completing this subject, you should be able to:

  • demonstrate an ability to apply the relevant taxation legislation and related legal concepts, precedents and Australian Taxation Office (ATO) rulings
  • analyse events and apply the legislation to determine tax liability
  • provide strategic advice to stakeholders regarding the tax issues arising from common scenarios

Subject content

The subject is divided into 13 modules.

The weighting column in the following table provides an indication of the emphasis placed on each module in the exam, while the proportion of study time column is a guide for you to allocate your study time for each module.

Module and study schedule Recommended proportion of study time (%)
Weighting (%)
1. Tax administration 5 5
2. Principles of assessable income 9 9
3. Principles of general and specific deductions
10 10
4. Capital expenditure allowances 8 8
5. Capital gains tax (CGT) 10 10
6. Individuals 12 12
7. Partnerships 5 5
8. Trusts 7 7
9. Companies and dividends 11 11
10. Consolidations 5 5
11. Transfer pricing 5


12. Fringe benefits tax (FBT)
6 6
13. Goods and services tax (GST)
7 7

100 100

Note: The Advanced Taxation subject reflects legislation in place by 15 April 2017. Exam questions will be based upon the 2016–17 tax year and the fringe benefits tax (FBT) year ended 31 March 2018.

For further information, see the subject outline (PDF).