Document ID: chunk:federal_register_of_legislation:F2024C00618:front:0:p7
Version: federal_register_of_legislation:F2024C00618
Segment Type: other
Provision Reference: 
Character Range: 15914–18885

torts, particularly the torts of negligence and negligent misstatement;
 (d) the Competition and Consumer Act 2010.
Note: Organisational business structures referred to in paragraph (b) includes sole traders, partnerships, corporations and trusts.
 (3) The commercial law course must be designed to provide a person with, as well as assurances that the person then has, knowledge and skills in the subject matters covered in subsection (2) at not less than an AQF level 5 as described in Australian Qualifications Framework, 2nd edition (January 2013) published by the Australian Qualifications Framework Council.
Note: On the day this instrument was registered, this publication was available at https://www.aqf.edu.au/.
 (4) The commercial law course must be provided by a registered higher education provider (within the meaning of the Tertiary Education Quality and Standards Agency Act 2011) or a registered training organisation (within the meaning of the National Vocational Education and Training Regulator Act 2011).

3‑70  Specified course: taxation law
 (1) This section specifies a requirement to have completed a course in Australian taxation law (tax law course).
 (2) The tax law course must be one that covers each of the following subject matters:
 (a) Australian income tax law focussing on the following core concepts:
 (i) assessable income, including ordinary income and statutory income;
 (ii) deductions, including general deductions and specific deductions;
 (iii) tax offsets;
 (iv) residence;
 (v) source;
 (vi) capital allowances;
 (b) Australian income tax law as it applies to each of the following types of entity:
 (i)  an individual;
 (ii) a partnership;
 (iii) a company;
 (iv) a trust;
 (c) Australian income tax law and fringe benefits tax law as each applies to employee remuneration, including non‑cash benefits, employment termination payments and employee share interests;
 (d) Australian income tax law as it applies to capital gains and losses;
 (e) Australian income tax law as it applies to superannuation, including the application of the law to contributions, earnings and benefits;
 (f) Australian income tax law as it applies to investments;
 (g) Australian income tax law relating to anti‑avoidance, and taxation offences and penalties, including the promoter penalty rules;
 (h) Australian laws relating to the goods and services tax, focusing on the core concepts and tax administration.
Note 1: The relevant Acts providing for Australia's income tax include the Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997.
Note 2: The relevant Acts providing for Australia's fringe benefits tax include the Fringe Benefits Tax Assessment Act 1986.
Note 3: The relevant Acts providing for Australia's goods and services tax include the A New Tax System (Goods and Services Tax) Act 1999.
 (3) The tax law course must be designed to provide a person taking the course with, as well as assurances that the person then