Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. analyse and apply the appropriate taxation law for various income and capital receipts in given fact situations
2. analyse and apply the appropriate taxation law for both general and specific deductions in given fact situations
3. calculate the taxable value of various fringe benefits
4. define and apply the principles of the imputation system at both the shareholder and company level
5. 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)

Mr Anthony van der Westhuysen

Contact hours

3 hours per week

Prerequisites

BTC1110

Prohibitions

BTF3931, BTG3221, BTW3221