Australia Taxation – Advanced study guide
Australia Taxation – Advanced · Work through your exam, one topic at a time.
Australia Taxation – Advanced is a high-level Australian tax credential aimed at practitioners who already know the core rules and now need to apply them to complex, multi-entity and cross-border fact patterns. It suits tax advisers, chartered accountants, business services managers, in-house tax specialists and candidates moving into advisory or specialist roles. The Australia Taxation – Advanced study guide has 8 sections and about 3,323 words.
01Taxation of business entities and structures
This domain tests the tax treatment of the four main business vehicles - sole trader, partnership, company and trust - and the consequences when a business changes structure. Calculations on company tax, imputation and Division 7A dominate.
445 words, about 2 min02Taxation of trusts, partnerships and flow-through arrangements
Flow-through vehicles are tested through net income calculations, present entitlement, streaming, trust loss rules and the anti-avoidance overlay of section 100A. Partnership allocation and Division 7A interactions with corporate beneficiaries are also fair game.
446 words, about 2 min03International taxation and cross-border transactions
This domain tests residence, source, double tax relief and the integrity rules that protect the Australian tax base on inbound and outbound transactions. Expect credit-limit calculations and questions on treaty interaction.
423 words, about 2 min04Taxation of individuals, superannuation and retirement
This domain tests personal marginal rate calculations, deduction entitlement, and the superannuation caps and taxes that apply from accumulation through to retirement phase. 2024-25 resident rates: nil to 18,200; 16% to 45,000; 30% to 135,000; 37% to 190,000; 45% above.
394 words, about 2 min05Capital gains tax and asset disposals
This domain tests CGT event identification, cost base construction, the discount, main residence relief and the small business concessions. Most marks hinge on the order of operations and cost base adjustments.
416 words, about 2 min06Goods and services tax and indirect taxes
This domain tests GST liability on supplies and acquisitions, documentation, adjustments and the special rules for property, imports and groupings, plus a working knowledge of wine equalisation tax and luxury car tax. Section 9-5 requires a registered entity, an enterprise, consideration and a connection with the indirect tax zone.
368 words, about 2 min07Tax administration, compliance and dispute resolution
This domain tests assessment and amendment rules, objection and review pathways, penalty and interest regimes, and the practical obligations of lodgment and record keeping. Australia uses self-assessment; the Commissioner issues a notice of assessment which sets the objection clock running.
413 words, about 2 min08Tax planning, anti-avoidance and ethics
This domain tests whether you can distinguish legitimate planning from arrangements caught by Part IVA or specific anti-avoidance rules, and apply the professional conduct standards that bind registered tax agents. Three elements must be present: a scheme, a tax benefit obtained in connection with the scheme, and a dominant purpose of obtaining a tax benefit, judged objectively under section 177D.
418 words, about 2 min