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Unit Code: CPA909

Unit Name: Advanced Taxation

Description: 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 and investment 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 or combinations of entities (such as individuals, partnerships, trusts and companies), and it is important to consider the taxation advantages and disadvantages of each of them.This edition of the subject has been updated so that it explores some of the complex areas of taxation in greater detail. It is the extension of Introductory Taxation and requires prior undergraduate-level learning in Australian taxation. The subject allows candidates to gain an advanced understanding of tax theory and policy, as well as the practical application of complex tax knowledge across core and specialist tax areas. In particular, this subject examines advanced tax issues including 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 the skills they need to advise their corporate clients. Completing the subject will generate a competitive advantage for candidates in professional tax advisory areas.

Learning Target Outcomes:

Prerequisite: N/A

Prerequisite Sentence: CPA Foundation Units

Credit Point: 20

Offered In: Semester 1