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ACCT13-308: Taxation Practice for Accountants May 2017 [Standard]

General information

Taxation Practice for Accountants provides students with knowledge of the taxation system and its administration in Australia and with necessary skills to work in the area of taxation practice. Topics covered reflect areas of taxation that are most frequently dealt with by accountants working in tax practice, and the teaching approach is designed to equip students with work-ready skills. Emphasis is placed on understanding compliance with statutory and professional requirements, and their application to current issues. This subject should be completed by students pursuing admission to Australian professional accounting bodies’ programs.


Academic unit:Bond Business School
Subject code:ACCT13-308
Subject title:Taxation Practice for Accountants
Subject level:Undergraduate
Semester/Year:May 2017
Credit points:10

Delivery & attendance

Delivery mode:


Workload items:
  • Seminar: x12 (Total hours: 24) - Seminar 1
  • Seminar: x12 (Total hours: 24) - Seminar 2
Attendance and learning activities: Attendance at all sessions is compulsory. Classes will be run as Seminars (not lectures & tutorials) and new material will be covered in each session. It is difficult to recover if you miss a session. Attendance will be monitored and could impact the final mark in this subject. A significant amount of study outside class time is expected.


Prescribed resources:
  • Sadiq, Kerrie, et al (2016). Principles of Taxation Law 2017. Thomson Reuters
  • CCH (2017). Australian Master Tax Guide 2017. [ebook (Bond University Library - unlimited access)] Wolters Kluwer.
  • Australian Legal Information Institute Income Tax Assessment Act 1936. [website] . Available at:
  • Australian Legal Information Institute Income Tax Assessment Act 1997. [website] . Available at:
  • Australian Legal Information Institute Fringe Benefits Tax Assessment Act 1986. [website] . Available at:
  • Australian Legal Information Institute A New Tax System (Goods and Services Tax) Act 1999. [website] . Available at:
  • Australian Legal Information Institute Tax Administration Act 1953. [website] . Available at:
After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.
[email protected] & Email:[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.

To access these services, log on to the Student Portal from the Bond University website as

Enrolment requirements

Requisites: ?

Pre-requisites: ?

Co-requisites: ?

There are no co-requisites.

Restrictions: ?

Anti-requisites: ?

  • LAWS71-415 Principles of Taxation Law
  • LAWS10-415 Principles of Taxation Law

Assurance of learning

Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.

At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.

Program Learning Outcomes (PLOs)

Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:
  1. Know the sources of taxation regulation in Australia and describe the framework in which taxation is administered.
  2. Identify and describe the fundamentals of calculating the taxable income and tax payable for individuals and common tax entities.
  3. Identify and describe various types of taxation including income tax, capital gains tax, goods and services tax and fringe benefits tax.
  4. Apply knowledge of taxation regulation to perform basic taxation calculations for common tax entities.
  5. Describe the professional and statutory obligations associated with taxation practice and explain how they influence practitioner conduct.
  6. Describe and demonstrate the use of information systems in taxation practice.


Assessment details

TypeTask%Timing*Outcomes assessed
Online Quiz Online Quizzes 10% Ongoing 1, 2, 3, 4, 5, 6.
Written Report Minor Assignment 10% Week 5 1, 2, 3, 4, 5.
Mixed Media Assignment Major Assignment: Xero Tax Software will be required for this assignment. Software is PC & Mac friendly and will be made available to students for a limited time at no cost. 30% Week 10 1, 2, 3, 4, 6.
Paper-based Examination (Open) Final Examination Limited Open Book 50% Final Examination Period 1, 2, 3, 4, 5.
  • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
  • C = Students must reach a level of competency to successfully complete this assessment.

Assessment criteria

High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.
Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.
Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.
Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment.
Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.

Quality assurance

For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Study information

Submission procedures

Students must check the [email protected] subject site for detailed assessment information and submission procedures.

Policy on late submission and extensions

A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.

Policy on plagiarism

University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.

Bond University utilises Originality Reporting software to inform academic integrity.

Feedback on assessment

Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.

Disability support

If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.

Subject curriculum

History, structure & sources of Australian taxation law; Avoidance & Evasion; The role of Agents & Ethics; The taxation formula; Residence & Source.

GST registration and administration; Types of supplies; Calculation and reporting.

Types of benefits; Exclusions; Taxable value; Calculation & reporting

Assessable income; income from personal services & employment; Income from business & property; Compensation

Capital Gains Tax

General deductions; Specific deductions

Capital Allowances & Capital Works; Tax accounting & trading stock

Levies, offsets & calculation tax payable; Preparation of tax return for individual taxpayer

Use of Xero Tax demonstration

Partnership & Trust structures; Tax treatment of partnership & trust income

Taxation of company profits & distributions; Franking accounts; Anti-avoidance provisions; Returns & Assessments; Tax collections, penalties & interest; Objections & Appeals; ATO Powers.

Putting it all together; Exam preparation

Approved on: Mar 20, 2017. Edition: 1.1
Last updated: Jun 5, 2017.