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ASSESSMENT 1 ONLINE TEST BRIEF
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Subject Code and Title
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LAW601 Tax Law and Practice
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Assessment
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Assessment 1 – Online Test
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Individual/Group
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Individual (Invigilated)
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Length
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25 questions to be answered within a 60-minute timeframe, consisting of the content covered in Modules 1.1 – 2.2.
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Learning Outcomes
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This assessment addresses the following Subject Learning Outcomes:
a) Analyse and implement the Income Tax Assessment Act 1936, Income Tax Assessment Act 1997 and relevant case law to determine taxable income and tax liabilities for individuals and businesses
b) Interpret residency and source rules including
international transactions to evaluate tax liability.
c) Critically review types of taxation in Australia
including income tax, goods and services tax, capital
gains tax and fringe benefit/benefits tax and compute
tax liability.
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Submission
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Due by 11.55 pm AEST/AEDT, Sunday, end of Module 3.1 (Week 5), 60-minute duration
This Online Test will be made available to students from
Sunday, 11.55 pm (AEST) of Module 2.2 (Week 4) to Sunday, 11.55 pm of Module 3.1 (Week 5)
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Weighting
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25%
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Total Marks
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25 marks (1 mark per question)
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Context
This assessment is designed to test your theoretical knowledge and understanding of the Australian legal environment in which income tax laws operate. This includes key aspects of income tax law and concepts of residency and sources of income. In this assessment, you will need to determine assessable income and allowable deductions according to income tax legislative requirements. You will also compute accurate taxable income and tax liabilities for individual non-business clients.
Instructions
• This online test consists of 25multiple-choice questions.
• You will have 60 minutes to complete the test. You will have only ONE attempt to complete the test.
• This is an open-book test. The following materials can be accessed during the test:
o All printed and handwritten materials (i.e. textbooks, notes and study materials); and
o Pens, pencils, calculators and scribble paper.
o You are not allowed to access any other electronic devices (i.e. mobile phones,
tablets or other computer screens) or electronic materials (i.e. PDF, PowerPoints or Word files) during the test.
• Please review the content covered in Modules 1.1–2.2 in relation to:
o The Australian taxation system;
o Residency and source rules;
o Assessable income—ordinary and statutory income; and
o Allowable deductions—general and specific deductions.
• Access to this test is via the Assessment tab in your Blackboard class.
• This test will use Invigilation Software. More information about how to use this software can be found on the Blackboard home page.
The Test will be graded manually. The learning facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.