LAW7262

Goods and services tax: complex issues and planning ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader: Associate Professor John Glover

Offered:
Not offered in 2005.

Synopsis: Taught in partnership with ATAX at UNSW. Examines complex legal issues arising under GST legislation and the related law. Economic policy objectives leading to adoption of GST/VAT taxes around the world interrelated with Australian tax, with an emphasis on compliance and administration costs. GST, economics and the Australian Competition and Consumer Commission; 'Supply' and the classification of supplies; GST and real property; cross border issues; selected issues; GST and insurance.

Objectives: The course does not set out to provide complete coverage of the GST rules. It is deliberately selective and aims to provide students with: (1) an overview of the structure of the Australian GST legislation: (2) knowledge of how difficult GST rules operate in a wide range of situations presented for analysis during the course: (3) an understanding of the economic policy behind the legislation and repeal of the Australian wholesale sales tax: (4) enhanced oral communication skills, through the presentation of legal concepts, rules and argument in an interactive seminar context; (5) independent capacity to resolve complex GST issues, entailing development of legal research, writing and reasoning.

Assessment: Examination 50%+ essay 40% + class participation 10%.