BTC3150 - Taxation law

Leader: Mr Ken Devos (Semester 1), Mr Anthony Van Der Westhuysen (Semester 2).

Offered

Clayton First semester 2007 (Day)
Clayton Second semester 2007 (Day)
Prato Winter semester 2007 (Off-campus)

Synopsis

An introduction to Australian taxation. Topics include assessable income; capital gains; GST; FBT; allowable deductions including repairs, deductions and substantiation; taxation of companies and their shareholders; administrative provisions including objections, appeals and self-assessment; and anti-avoidance provisions.

Objectives

The learning objectives of this unit are to:

• Analyse and apply the appropriate taxation law for various income and capital receipts in given fact situations;
• Analyse and apply the appropriate taxation law for both general and specific deductions in given fact situations;
• Calculate the taxable value of various fringe benefits;
• Define and apply the principles of the imputation system at both the shareholder and company level;
• Describe the major elements of both the GST and Tax Administration systems.

Assessment

Clayton campus - Written case study (2000 words): 20%
Examination (3 hours):
Prato - Assignment (2,500 words): 20%
Examination (3 hours, open book): 80%

Contact hours

Clayton - 3 hours per week