In this course, individuals are introduced to the Australian taxation system, and the ways rules and regulations might affect a client’s strategies and investments. It explores how different types of income can attract different taxation treatment, with specific attention to capital gains, GST, and superannuation.

Our course in Taxation Law covers the requirements for tax (financial) advisers seeking registration.

This course covers the following areas of knowledge;

• The consequences of not providing a Tax File Number (TFN);
• Different income tax components;
• How deductions may reduce taxable income;
• Calculating income tax liabilities;
• Various tax offsets and rebates available to Australian taxpayers;
• Capital Gains Tax (CGT) and how it applies to capital gains and losses;
• Taxation of Superannuation
• Goods and Services Tax;
• Medicare Levy and Surcharge;
• Fringe Benefits Tax.

At least 40% of the assessment for the entire course must be completed under independent supervision. The following people are some who are considered as “Independent Supervisors”: 

• examination officers of universities
• TAFE or registered training organisation
• ministers of religion
• police officers
• lecturers, teachers, school principals or deputy principals
• justices of the peace
• commissioners of declarations, or
• a person who is currently licensed or registered under a law of a state or territory to practise in one of the occupations listed here.

The following are not considered “Independent Supervisors”:

• family member
• friend 
• someone with a close personal or professional relationship (i.e., business partner) with the individual undertaking the assessment.

AAMC Training may supervise your assessment for an additional charge – please refer to our terms and conditions under the fee schedule.  

More information on training requirements are available here.

2 x Online multi-choice assessments
2 x Online short answer assessments (must be done under supervision)
1 x Written assessment
1 x Workplace project 

This course is designed to be completed online in your own time. Your enrolment is valid for a period of six months.

For the independent supervision requirement, you may need to either attend other premises, or do a virtual supervision, sharing your screen with your supervisor. 

CPD Hours – 6

CPD BREAKDOWN:

• Technical competence: 4.5 hours
• Client Care and Practice:  0.5 hour
• Regulatory Compliance and Consumer Protection: 0.5 hour
• Professionalism and Ethics:  0.5 hour