BTC3150 - Taxation law

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

Offered

Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)

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 goals associated with 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 -- Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Prato -- Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Contact hours

Clayton - 3 hours per week

Prato - block mode

Prerequisites

BTC1110

Prohibitions

BTF3931, BTW3221