Changes to Advanced Taxation

This subject has been enhanced and now explores some of the complex areas of taxation in greater detail. See which concepts are new to the subject.

The subject assumes you have prior undergraduate level learning in Australian taxation. If you do not, further study may be required before you enrol. Explore your options

Study guide: Fourth edition

For use from Semester 2 2018

Advanced Taxation has been designed for candidates who wish to pursue a career as a registered tax agent or tax professional advising clients, businesses or the government and it is the extension of Introductory Taxation. The subject allows candidates to gain an advanced understanding of tax theory and policy, as well as practical application of complex tax knowledge across core and specialist tax areas.

This subject examines diverse and advanced tax issues from income tax law for a variety of business structures and investment entities, goods and services tax, international tax and anti-tax avoidance regimes. It also considers the tax implications of complex business structures and corporate financing arrangements to equip candidates with relevant skills to advise their corporate clients. Completing the subject will generate a competitive advantage for candidates in professional tax advisory areas.

On completion of this subject, you should be able to:

  • understand the understand the principles of tax theory and explain how tax policies will impact on business decisions
  • advise on the tax implications arising from various complex business structures, superannuation and associated investment decisions
  • recommend an appropriate business or investment structure to achieve commercial and personal goals whilst within the remit of the Australian taxation law
  • explain the tax consequences of various corporate financing arrangements
  • apply advanced taxation knowledge in complex business areas at a local and international level, such as transactions involving complex GST law, cross-border tax issues and anti-tax avoidance.

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


What's new

The new Advanced Taxation subject covers more complex taxation concepts at an advanced level.

Use the below table to see how the subject has changed and where you may have knowledge gaps that you need to address before attempting the new Advanced Taxation subject.

Many concepts have been enhanced, while others have been moved into Introductory Taxation. Introductory Taxation is designed to support members who require undergraduate-level knowledge of Australian taxation and is not part of the CPA Program.

Concept Advanced Taxation: Pre-Semester 2 2018
Advanced Taxation:
From Semester 2 2018
Introductory Taxation: From
Semester 1 2019

Individuals

Fundamental

Advanced*

Fundamental

Partnerships

Fundamental

Advanced*

Fundamental

Capital gains tax

Advanced

Advanced*

Fundamental

Tax theory, tax policy

x

Advanced^

x

Superannuation

Fundamental

Advanced*

Fundamental

Tax avoidance

Advanced

Advanced

Fundamental

Trusts 

Advanced

Advanced

Fundamental

Companies and dividends

Advanced

Advanced

Fundamental

Consolidations

Advanced

Advanced

x

Transfer pricing

Advanced

Advanced

x

GST

Advanced

Advanced

Fundamental

Tax administration

Advanced

x

Advanced

Principles of income

Advanced

x

Advanced

Principles of deductions, specific deductions

Advanced

x

Advanced

Capital allowances

Fundamental

x

Fundamental

Fringe benefits tax

Advanced

x

Advanced

Taxation of financial arrangements

Fundamental

Advanced*

x

International tax issues

Fundamental

Advanced*

Fundamental

Pre-Semester 2 2018

Pre-Semester 2 2018

*NEW: Now featured throughout the study guide at an Advanced level
^NEW: New module included at an Advanced level