Taxation of Superannuation - ATAX0310
 
Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.125 (more info)
 
 
Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Restricted to students enrolled in Program 5540
 
 
Fee Band: 1 (more info)
 
 
Further Information: See Class Timetable
 
 

Description


The aim of this course is to provide students with a thorough understanding of the current taxation principles applicable to superannuation. There are taxation consequences involved in every aspect of superannuation. Thus, the course examines the taxation consequences for persons making contributions to superannuation funds. It then examines the taxation of superannuation funds themselves (both complying and non-complying funds) and, finally, it examines the taxation of benefits (both lump sums and pensions) paid by superannuation funds to their members. The course also examines the operation of the Superannuation Guarantee (Administration) Act 1992, which imposes a superannuation guarantee charge (a form of tax) on those employers who do not make the minimum superannuation contributions specified in that Act. Finally, the course provides an introduction to the provisions of the Superannuation Industry (Supervision) Act 1993.


Course Objectives


On completion of this course, students should be able to:
  • explain the nature and purpose of superannuation and superannuation funds
  • describe the purpose and effect of the Superannuation Guarantee (Administration) Act 1992
  • understand and apply the special taxation rules applicable to superannuation contributions, superannuation funds and superannuation benefits, as provided in the Income Tax Assessment Act 1936 and 1997 and the surcharge Acts
  • apply those special rules in a variety of factual situations.

Modes of Delivery


CBD Evening Class
Flexible Learning

Assessment


Graduate Diploma in Advanced Taxation
Assignment 1 2000 words 20%
Assignment 2 2000 words 20%
Final Examination Open book 60%

Pass Requirements


  • 50 per cent or more of the total marks available in the course and
  • at least 40 per cent of the marks available for the final examination in the course.