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Taxation of Superannuation - ATAX0410
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Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Restricted to students enrolled in Programs 9250 or 9260 or 9255
 
 
Excluded: ATAX0310, ATAX0510, ATAX0610
 
 
Fee Band: 1 (more info)
 
 
Further Information: See Class Timetable
 
 

Description

This course provides a general introduction to the taxation of superannuation in Australia, in particular to the main types of superannuation funds and how their income is taxed, the treatment of contributions to those funds, and the taxation of benefits paid on retirement or termination of employment. The concessional tax treatment of income earned by superannuation funds and the benefits paid out are examined in detail. The course also explores areas such as the superannuation guarantee scheme, which is the Government's main tool for implementing its retirement incomes policy, and the superannuation contributions surcharge.


Recommended Prior Knowledge

None

Course Objectives

On completion of this course, you 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

Main Topics

  • Fundamentals
  • Tax of contributions
  • Superannuation funds and other retirement savings vehicles - taxation and regulation
  • Taxation of lump sum benefits
  • Taxation of pensions and annuities

Assessment

1 research paper
1 exam

Course Texts

Prescribed
You must purchase or have access to each of the following publications:

  • 2005/2006 Australian Master Superannuation Guide (Sydney: CCH Australia Ltd, 2005)
  • 2006 Australian Superannuation Legislation (Sydney: CCH Australia Ltd, 9th ed, 2006)
The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:
  • Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
  • Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
  • Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp
Recommended
Refer to Course Profile supplied by Lecturer.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.