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Subject overview


STUDY MODE

100% online

AQF LEVEL

8

NEXT INTAKE

4 Mar 2024

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


This subject focuses on the key principles of the Australian taxation system encountered in the provision of professional financial planning advice. It is designed to build advice capability in personal and business tax affairs and addresses concepts including taxation structures, taxable income, deductions, capital gains tax, fringe benefits tax, goods and services tax as well as professional standards and ethics.

FPC006 Taxation for Financial Planning (available from Study Period 3, 2022) complies with Corporations (Relevant Providers—Education and Training Standards) Determination 2021, division 3, section 3-70 Specified course: taxation law.

For more information, please refer to the subject outline.

Subject information

Learning outcomes

On successful completion of this subject, individuals should be able to:

  • Explain the role of key stakeholders in the Australian taxation system
  • Classify and apply concepts of income, expenses, rebates and offsets in calculating tax outcomes
  • Interpret and communicate taxation issues and strategies in the provision of financial planning advice
  • Calculate and evaluate employee remuneration arrangements
  • Compare and contrast the tax treatment of different entities
  • Analyse situations which may lead to the application of integrity measures and penalty provisions
  • Explain and reflect on the role of ethical, professional and legal standards in providing tax (financial) advice

Topics covered

  1. Key taxation concepts
  2. Ordinary and statutory income
  3. Capital gains tax (CGT)
  4. General and specific deductions
  5. Tax offsets and personal income tax
  6. Superannuation and remuneration planning
  7. Business entities
  8. Goods and services tax (GST)
  9. Integrity measures, tax avoidance and penalties
  10. Tax and advice professional frameworks

Continuing Professional Development (CPD)

Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

Subject enhancements

We are pleased to announce that the following enhancements have been made to this subject:

  • We revised the timing and positioning of the online workshops and drop-in sessions to align with assessments.

Duration

The duration of this subject is one study period (12 weeks).

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment typeAssessedWeighting
Quiz 1Week 510%
AssignmentWeek 740%
Quiz 2Week 1010%
ExaminationWeek 1240%

Previous study requirements

Assumed knowledge

Kaplan Professional assumes that individuals have completed FPC001B Economic and Legal Context for Financial Planning, FPC002B Ethics and Professionalism in Financial Advice, FPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice, or understand the content covered in those subjects, prior to undertaking FPC006 Tax and Commercial Law for Financial Planning.

Course transition subject equivalence

There are no equivalences for this subject.

Study dates

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment timetable

Study Period 2

5 Feb 2024 - 24 May 2024

✓ Enrolments open now

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment timetable

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment timetable

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment timetable

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment timetable

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment timetable

Subject enhancements

We’re pleased to announce that the following enhancements have been made to this subject:

  • transitioned exam to open book format from 2024 SP1.
  • revised the timing and positioning of the online workshops and drop-in sessions to align with assessments.

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