Corporate tax fundamentals

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Unit details

Level:   Professional 

Estimated learning duration:   10 hours

 CPD:   10 hours

Assessment: Part 1: 20 multiple choice questions within 60 minutes. 75% pass mark.
2 attempts permitted.

Part 2: 6 scenario-based multiple choice questions within 45 minutes. 80% pass mark.
2 attempts permitted.

Assumed knowledge: 

An understanding of the taxation of income and income tax deductions and an awareness of the CGT regime and the deductions available under Division 40 ITAA97 prior to undertaking this unit is recommended.  


Learning outcomes:

  • Calculate a company’s tax payable/refundable in a range of non-complex scenarios.
  • Apply the franking legislative provisions in non-complex scenarios.
  • Determine the taxation consequences for a tax entity in receipt of a dividend from an Australian resident company.
  • Apply the company loss legislative provisions in a non-complex scenario.