Deductions for Business Expenses: Identifying Allowable Deductions MLC301 Assessment

15 April 2025

Dear Students,

The purpose of this assessment is to give you feedback on your progress in this unit. The written answer format to a series of questions gives you the opportunity to briefly explain how the law applies to practical problems and also to show that you understand the basic concepts dealt with in the topics. This format is also good preparation for the final examination.

Content covered in the assessment and the task

There will be 8 questions covering Topic 3 and 4 only (CGT and Deductions). Each question is marked out of 4. There are no negative marks given. Total marks are therefore 32.

You will be required to write short answer responses of no more than 150 words per question in response to each of the 8 questions. If you write more than the limit, the markers will not read these words. This is strictly enforced. There is no strict minimum, however, if you have written substantially less than the 150 words, ensure you have answered the question completely and thoroughly.

The questions for Assessment 2 only cover the material studied in Topics 3 and 4 including all the prescribed reading and review questions for this topic.

For each question you will be required to write a brief answer. You should always cite relevant sections and cases where appropriate. You do not have to use full citation for cases, as long as the marker can easily identify the case to which you refer (for example; Myer, Whitfords). You can abbreviate the legislation to ITAA97 or ITAA36. Please ensure that you use section numbers when citing the legislation (for example, s 104-5 ITAA97) and please ensure the correct citation (for example, s 104-5 (correct) and not s 104.5 (this is incorrect)

Completing the assessment and submittin

You must complete this assessment through CloudDeakin.

Hard copy or emails will not be accepted under any circumstances. Please see the important points below for further information regarding this.

1. The questions will become available at the starting time stated You must submit your quiz answers before the closing time. After the closing time there will be no submissions accepted (no late submissions).

1. You are permitted to print the test (a printable pdf file will be provided when the questions are released) but your answers to the test can only be submitted on-line via CloudDeakin. Written or emailed submission will not be accepted.

1. You can submit at any time during the period that the test is open. There is a space to type your answers, or you can copy and paste them from a word document if this is your preference.

1. There is no time limit on how long the test can be open for (within the above dates) but you must submit before the closing time.

1. You will be able to access the test as many times as you wish while it is Previous work will be auto-saved. The completed questions are noted on the left of the screen. Provided you have not pressed the submit button you can change your answer to previously saved questions. If you press the submit button then you cannot go back and change your answers. Submitting is final. Please ensure you save your work if you are entering and exiting the assessment on CloudDeakin.

1. After the closing time submission will not be Note: all times are expressed as AEST.

1. The test can only be submitted once. Submission is made by pressing the SUBMIT button and once this is done the submission is final and cannot be altered.

1. It is your responsibility to check that the submission is made Computer errors etc will not be accepted as a reason for non-submission. If you fail to submit as a result of technical, computer issues etc you will not be able to submit late. Please make sure you submit early or leave enough time to account for technical or computer issues should they arise for you.

1. You are permitted to use any resources available to answer these questions, but you are reminded that this assessment is to provide you with feedback on your current level of understanding. Plagiarising the work of others will not assist you in identifying any misunderstanding or weaknesses in your knowledge and is also against University Policy (please refer to the Unit Guide).

1. Each question is marked out of There are no negative marks given. Total marks are therefore 40.

Late submissions and extensions

It is very important to note that after the closing time submission will not be possible.

If you require an extension please apply for one in advance. Extensions will only be granted for serious and exceptional circumstances beyond your control. Computer failure and work commitments are not grounds for extensions. In your application you must include supporting documentation. Extensions will not be granted without supporting documentation or other evidence of the relevant circumstances

Release of results and feedback

The test will be marked and returned within the normal 15 working days in line with University policy. When marking is completed you will be able to access your result and some specific feedback through CloudDeakin. I will also upload an answer guide for each question through CloudDeakin and you can compare your answers to this. Please make sure you have read the answer guide and specific feedback before contacting me for further feedback. Of course, if you still have questions about your assessment feedback you are welcome to discuss these with me.

Time Allocated

The assessment is open for nearly 6 days to complete. The assessment spans across the weekend to cater for those who might work during the week. I trust this will be more than enough time to complete the task. This assessment is great preparation for the exam, and a good opportunity to practice answering problem questions.

Best regards,

Rami Hanegbi

Unit Chair