Monash University Handbook 2010 Postgraduate - Unit

Synopsis

This unit provides a detailed analysis of the taxation of employees and contractors in Australia. Topics include: employer/employee relationship, independent contractors, PAYG collection system, payroll tax and other levies, employee deductions, fringe benefits, superannuation, share schemes and remuneration planning.

Objectives

The learning goals associated with this unit are to:

• explain the taxation implications of income received by employees and independent contractors in the workplace
• describe the administrative aspects of the income tax system
• explain the tax implications of superannuation and employee share schemes provided by employers
• calculate the tax position of employees and independent contractors in the workplace who receive fringe benefits and other types of remuneration.

Assessment

Within semester assessment: 40%
Examination (take-home): 60%

Contact hours

3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)

Prerequisites

BTX9651

Prohibitions

BTF4240