Monash University Handbook 2010 Undergraduate - Unit

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

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

Chief examiner(s)

Tony van der Westhuysen

Contact hours

Clayton - 3 hours per week

Prato - block mode

Prerequisites

BTC1110

Prohibitions

BTF3931, BTW3221