<div class="ais-Hits ais-Hits--empty">
<div class="alg__noSearchResult">
<div class="alg__noSearchResult_left">
<h5>Search Terms</h5>
<p class="noResult-note">No results for term "${term}"</p>
<p>Here's some search tips for better results:</p>
<ul>
<li>Check the spelling of your keyword.</li>
<li>Try alternate words or selections.</li>
<li>Try a more generic keyword.</li>
<li>Try entering fewer keywords.</li>
</ul>
</div>
<div class="alg__noSearchResult_right">
<ul>
<li>
<a href="#"> <span class="alg_noSearchResult_wrap"> <span class="alg_noSearchResult_container">
<p>Need more help?</p> <p>Get in touch with us</p> </span> <span
class="alg_noSearchResult_arrow"> <span
class="alg_noSearchResult_arrow_img"></span> </span> </span> </a></li>
<li>
<a href="#"> <span class="alg_noSearchResult_wrap"> <span class="alg_noSearchResult_container">
<p>Prefer the phone?</p> <p>Contact our friendly team on 1300 829 338</p> </span> <span
class="alg_noSearchResult_arrow"> <span
class="alg_noSearchResult_arrow_img"></span> </span> </span> </a></li>
</ul>
</div>
</div>
</div>
Membership
Join a collective voice of over 10,000 practitioners at the heart of the tax profession in Australia.
Education
Whether you're looking to upskill where needed, become a CTA, earn a postgraduate qualification, stay on top of emerging tax issues, or earn CPD, there is an option suited to your needs
Events
A broad range of events and opportunities across Australia in a variety of formats to suit today’s busy tax professional.
Resources
Discover our vast resources, designed to help you support your clients and grow your business.
Tax Knowledge Exchange
Explore our database of tax analysis, thought and opinion.
About us
The Tax Institute is Australia's leading professional association and educator in tax, providing the best resources, professional development and networks.
Resources
Events
Education
News & media
Explore by Topic
Taxation of unincorporated businesses
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: There is no assumed knowledge for this unit.
Learning outcomes:
- Identify the key regulatory and income tax issues facing sole traders, partnerships and family trusts and advise on the advantages and disadvantages of each structure.
- Identify when the personal service income (PSI) legislation may apply and explain the impact of these provisions.
- Understand and explain the key issues surrounding the use of assets in unincorporated businesses.
- Identify when the primary producer provisions apply to a business and explain the implications of them.
- Understand the scope of the various income tax concessions and roll-overs available when there are changes in the structure and/or ownership of unincorporated businesses.