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

Assessable income and exempt income; deductions; special classes of taxpayers including trusts, partnerships and companies; objections and appeals; capital gains tax; fringe benefits tax; superannuation; eligible termination payments; tax collection; goods and services tax.

Objectives

The learning goals associated with this unit are to:

1. identify and explain the constitutional and administrative framework within which the federal taxation system operates
2. calculate income tax and goods and services tax liabilities
3. identify and analyse fundamental tax concepts such as the distinction between income and capital
4. apply legislative provisions and judicial principles to practical taxation problems and provide supporting evaluations through the application of statutory and case law principles.

Assessment

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

Chief examiner(s)

Dr Diane Kraal

Contact hours

3 hours per week

Prerequisites

BTF1010

Prohibitions

BTC3150, BTG3221, BTW3221