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Tax of Superannuation B (LAWS90264)

Graduate courseworkPoints: 6.25Not available in 2024

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Overview

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This compact, flexible dual delivery intensive subject is delivered by experts in the field. It is relevant for all superannuation funds, especially self managed superannuation funds (SMSFs), of which there are more than 600,000 in Australia. The subject examines the policies and technical rules for the regulation and taxation of SMSFs, with a focus on current practical problems for these funds that provide for the retirement of the majority of Australian small and medium business owners and people who seek to manage their own superannuation savings.

The subject will address a range of key taxation issues for SMSFs, including non-arm’s length income, and will examine retirement and succession planning for small and medium businesses and individuals regarding superannuation.

Principal topics:

  • Introduction and overview of SMSFs, and core tax rules
  • Topical tax issues in superannuation for SMSFs
  • Retirement and succession planning for small and medium business owners regarding superannuation.

The subject is suitable for legal, accounting and financial advisers, and government officials, who are dealing with SMSFs in their professional practice. Taxation of Superannuation B follows from Taxation of Superannuation A, which covers core taxation, regulation and investment rules for superannuation, but may be taken by professionals with suitable professional experience who have not completed Taxation of Superannuation A.

Intended learning outcomes

On completion of this subject, students should be able to:

  • Have an advanced and integrated understanding of the policies, technical rules and current practical problems involved in the taxation of self managed superannuation funds (SMSFs)
  • Be able to identify and strategically plan to support small and medium business owners and individuals for retirement and succession involving superannuation
  • Be able to identify the problems an SMSF might face in respect of taxation and investments, research and evaluate different solutions and come to a reasoned conclusion as to which solution might best address the problem
  • Have the cognitive and technical skills to generate critical and creative ideas relating to the taxation of retirement incomes and SMSFs
  • Be able to critically examine, analyse, interpret and assess the effectiveness of the rules for taxation of SMSFs
  • Be an engaged participant in debate regarding emerging and contemporary policy and legal issues in the field.

Generic skills

  • Have the cognitive and technical skills to independently examine, research and analyse existing and emerging tax issues
  • Have the oral and written communication skills to clearly articulate and convey complex information regarding the taxation of superannuation regime in Australia to relevant specialist and non-specialist audiences
  • Be able to demonstrate autonomy, expert judgment and responsibility as a practitioner and learner in the field of taxation of superannuation in Australia.

Last updated: 31 January 2024