Australia Taxation
Content Summary
Study guide update
The study guide for Australia Taxation has been updated for Semester 2 2025. If you enrol in this subject, you will receive the latest edition as a hardcopy, sent to your nominated address, and a soft copy will be in My Online Learning. Make sure you refer to this latest version when studying.
Study guide: eighth edition
Australia Taxation is designed to provide you with an awareness of the key provisions of the relevant taxation legislation and enable you to apply the relevant legislative concepts to determine taxation consequences. It is important to consider the taxation impact on individuals, partnerships, companies, trusts and superannuation funds.
General objectives
On completion of this subject, you should be able to:
- understand the key administrative components of the Australian taxation system and the basic principles of Australian income tax, fringe benefits tax and goods and services taxation legislation
- analyse, discuss and resolve issues relating to the determination of assessable income and allowable deductions
- explain key taxation laws that relate to the taxation of individuals, companies, partnerships, trusts and superannuation funds
- analyse transaction and circumstances, and apply relevant taxation laws to determine tax liability.
The Australia Taxation subject reflects legislation in place as at 1 January 2025. Exam questions will be based upon the 2024–25 tax year and the FBT year ending 31 March 2025.
Exam structure
The Australia Taxation exam consists of multiple-choice questions and extended response questions.
Subject content
The “weighting” column in the following table provides an indication of the emphasis placed on each module in the exam, while the “recommended proportion of study time” column is a guide for you to allocate your study time for each module.
| Module | Recommended proportion of study time (%) | Weighting (%) |
|---|---|---|
| 1. The legal, ethical and regulatory fundamentals and administration of the tax system | 15 | 15 |
| 2. Principles of taxable income | 25 | 25 |
| 3. CGT fundamentals | 15 | 15 |
| 4. Taxation of individuals | 15 | 15 |
| 5. Taxation of various types of entities other than individuals | 15 | 15 |
| 6. GST and FBT fundamentals | 15 | 15 |
Subject outline
For further information, see the subject outline below
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