HOLMES
INSTITUTE
FACULTY
OF HIGHER
EDUCATION
Assessment Details and Submission Guidelines
Trimester T3, 2021
Unit Code HA3042
Unit Title Taxation Law
Assessment Type Assignment
Assessment Title Individual Assignment
Purpose of the
assessment Students are required to follow the instructions provided by the Unit Co-
(with ULO Mapping) ordinator to confirm any relevant information. You also need to refer to the
relevant announcement(s) on Blackboard to confirm the due date and the time
of the assignment.
The individual assignment will assess students on the following learning
outcomes, as listed below:
1. Identify the sources of taxation law and the framework in which
taxation is administered (ULO 1)
2. Identify various types of taxation including income tax, consumption
taxes, goods and services tax, taxes on capital and fringe benefits tax
(ULO2)
3. Identify and apply the fundamentals of calculating the taxable income
and tax payable for individuals and business entities (ULO 3)
5. Communicate knowledge of taxation law, through written and/or
Oral communication, and be able to demonstrate critical thinking and
legal analytical skills. (ULO 5)
Weight 25%.
This assignment assessment accounts for 25% of the total marks in this unit.
Total Marks 25 Marks.
This assignment assessment accounts for 25 marks of the total marks in this unit.
Word Limit Maximum 1,200 words
Due Date Week 11 – 11 Fe
uary 2022 at 11.59pm
Late submission incurs penalties of 5 (five) % of the assessment value per
calendar day unless an extension and/or special consideration has been
granted by the lecturer prior to the assessment deadline
HA3042 Individual Assignment
Submission Instructions:
Guidelines
Please read the following information carefully to avoid mistakes.
• Answer all questions.
• This assignment along with a completed Assignment Cover Page is to be
submitted on Blackboard by the due date in soft copy only.
• The self-check links are no longer available as a separate link in each unit’s
assessment. Students are now limited to attempt any given assignment
submission a maximum of three times. After every attempt you will receive a
SafeAssign originality report with Blackboard Learning Management System.
This will provide detailed information about the matches found between your
submitted works and existing sources.
• The assignment is to be submitted in accordance with assessment policy
stated in the Unit Outline and Student Handbook.
• It is the responsibility of the student submitting the work to ensure that the work is
in fact his/her own work. Incorporating another’s work or ideas into one’s own work
without appropriate acknowledgement is an academic offence.
• The assignment must be in MS Word format, no spacing, 12-pt Arial font and
2 cm margins on all four sides of your page with appropriate section headings
and page numbers
Adapted Harvard Referencing
Holmes has now implemented a revised Harvard approach to referencing:
1. Reference sources in assignments are limited to sources which provide full
text access to the source’s content for lecturers and markers.
2. The Reference list should be located on a separate page at the end of
the essay and titled: References.
3. It should include the details of all the in-text citations, a
anged
alphabetically A-Z by author surname. In addition, it MUST include a
hyperlink to the full text of the cited reference source.
For example;
P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal
of Information Systems Education,
Fall, http:
jise.org/Volume15/n3/JISEv15n3p327.pdf
4. All assignments will require additional in-text reference details which will
consist of the surname of the autho
authors or name of the authoring body,
year of publication, page number of content, paragraph where the content
can be found.
5.
For example;
“The company decided to implement an enterprise wide data
warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).”
http:
jise.org/Volume15/n3/JISEv15n3p327.pdf
HA3042 Individual Assignment
Non - Adherence to Referencing Guidelines
Where students do not follow the above guidelines:
1. Students who submit assignments which do not comply with the
guidelines may be required to resubmit their assignments or incur
penalties for inadequate referencing.
2. Late penalties will apply per day after a student or group has been notified of
a resubmission requirement.
Students whose citations are fake will be reported for academic misconduct
Reference sources must be cited in the text of the report and listed appropriately
at the end in a reference list using the Harvard referencing style, which includes
the page no. and the paragraph. You also must refer to the relevant legislation
and/or case law in your answer.
Note - If you use a journal article or a published academic document, you must
provide the full text reference with a weblink in the list of references.
Note: This assessment task is based on the work that you have done in the
interactive tutorials. You are not expected to go outside the content of the unit but
you are expected to explore it.
Individual Assignment Specifications
Purpose:
This individual assignment aims to assess students on learning outcomes 1, 2, 3 and 4 as mentioned
above. This assignment covers the following key topics: Specific Deductions, Individual Income Tax and
Fringe Benefits Tax (FBT). Students need to research these two (2) topics, as stated above, and apply
their knowledge from the relevant weeks 1 – 10, before attempting these questions.
The Assignment Structure is as follows:
HA3042 Individual Assignment
HA3042 Assignment Questions
Question 1 XXXXXXXXXX15 Marks)
Deepika is your client. She wants to know about some tax-related provisions and practices. She asks some questions
- what are the legal provisions related to Taxable Income, Medicare Levy, and Medicare Levy surcharge? Answer
these questions based on legal provisions and practice. (5 marks)
She needs to lodge his income tax for 2020/21. Calculate her Total Assessable Income, Taxable Income, Tax Liability,
Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer with the information
elow:
• Deepika is a single and an Australian resident who plans to lodge tax for the tax year XXXXXXXXXX
• Her total taxable income is $100,000 (Including tax withheld)
• She does not have private health insurance.
• Deepika has a student loan HECS outstanding for her previous study at Tasmania University of $43,000.
• Her employer pays superannuation guarantee charge of 9.5% on top of her salary to her nominated fund.
• Deepika earned a passive income of $6,000 from the investments in shares in the same tax year.
(Maximum – 800 words)
Hint: The following website can be used to cross-check your answer, but you need to provide detailed calculations,
ates and explanations with the screenshots of rates from the ATO website. https:
www.paycalculator.com.au
QUESTION 1: Income Tax Calculation Weighting
Total Assessable income 1 %
Total taxable income 1%
Using co
ect income tax rate 1 %
Medicare Levy 1 %
Medicare Levy Surcharge 1 %
HELP repayment amount with using cu
ent threshold and rate 1 %
Total Tax Liability 2 %
Net Tax Liability (Total Tax Liability less any applicable tax offset if
any)
2 %
QUESTION 1 TOTAL MARKS: 10 %
https:
www.paycalculator.com.au
HA3042 Individual Assignment
QUESTION 2 (10 MARKS)
Calculate the taxable value of the fringe benefit using the statutory formula in the following case context:
Ha
is provides his employee (John) with the use of a Nissan car 216 days during the Fringe Benefits Tax year.
During the period, the car travelled 11,000 km. Ha
is purchased the car last year for $57,000. Ha
is contributed
$3,000 towards the cost of running the car and has provided Ha
is with relevant documentation.
(Maximum – 400 words)
Academic Integrity
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity
is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all
assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six
categories of Academic Integrity
eaches. If you have any questions about Academic Integrity issues
elated to your assessment tasks, please consult your lecturer or tutor for relevant referencing
guidelines and support resources. Many of these resources can also be found through the Study Skills
link on Blackboard.
Academic Integrity
eaches are a serious offence punishable by penalties that may range from
deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment,
or cancellation of course enrolment.
Table 1: Six Categories of Academic Integrity Breaches
Plagiarism
Reproducing the work of someone else without
attribution. When a student submits their own work on
multiple occasions this is known as self-plagiarism.
Collusion Working with one or more other individuals to complete an
assignment, in a way that is not authorised.
Copying Reproducing and submitting the work of another student,
with or without their knowledge. If a student fails to take
reasonable precautions to prevent their own original work