Stamp duties and other State revenue 700
Not offered in 1995
One 2-hour seminar weekly over 13 weeks
Although stamp duty is probably the best known State tax, there are in fact no fewer than seven other taxes or duties levied by the Victorian Government: payroll tax, land tax, probate duty, financial institutions duty, betting tax, tobacco tax and petroleum tax. The subject will revolve around the area of stamp duty but will also cover the remaining taxes, with the least important among them being dealt with in survey form. The subject will deal with the relevant Victorian legislation and, in the case of each tax, the following areas will be covered: the constitutional framework against which the tax has been enacted; the principal charging provisions; deductions, exemptions and rebates; valuations and computations; returns and assessments; payments and recovery; objections and appeals. The emphasis will be on developing a conceptual basis on matters which have practical significance. Presently, the State Tax Office has been more energetic in conducting audits utilising computerised records of the ASC, so that assessments have been made more frequently than in the past, giving rise to litigation.
Assessment
Research paper (4000 words): 40% * Class participation: 20% * Supervised examination (2 hours): 40%