Study Guide – Fifth Edition

Australia Taxation – Advanced 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. 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.

Exam structure

The Australia Taxation - Advanced exam consist 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 "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 (%) Recommended study schedule
1. Tax theory and tax policy and reform 3 3
Week 1
2. Trusts and trust distributions 13 13
Week 1 and 2
3. Superannuation 11 11
Week 2 and 3
4. Companies and company distributions 13 13
Week 3
5. Consolidations 10 10
Week 5
6. Complex business structures 10 10
Week 6
7. Corporate financing 10 10
Week 7
8. International transactions and cross-border tax issues 12 12
Week 8 and 9
9. Advanced GST issues 10 10
Week 8 and 9
10. Anti-avoidance regimes 8 8
Week 10
100 100

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

From Semester 1 2019 Advanced Taxation is now known as Australia Taxation – Advanced. We’ve made this change to better reflect the Australian-centricity of the subject. The learning outcomes and examination are unchanged.

If you’ve already completed Advanced Taxation in Semester 2 2018 or prior, your academic transcript remains unchanged and the name change bears no impact on your advancement to CPA status.

The exams for Australia Taxation – Advanced will be held on two fixed dates in computer-based format. Candidates must be available to attend an exam on the fixed dates and prepared to travel to an exam centre.