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Course

Taxation of Superannuation - ATAX0310

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0310 Course Outline

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 5540, 5272, 7270, 5273 or 7273

Excluded: ATAX0410, ATAX0510, ATAX0610

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

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

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.
Library

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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