Undergraduate - UnitBTB3221 - Taxation law and practice

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Business Law and Taxation
Offered	Berwick First semester 2014 (Day)

Synopsis

This unit provides an introduction to Australian income tax law and practice. Topics include: Australian tax jurisdictional issues, assessable income from personal exertion, property and business, capital gains tax and fringe benefits tax, exempt income, deductions, both general and specific, GST, individual offsets.

Outcomes

The learning goals associated with this unit are to:

describe the constitutional and administrative framework in which the federal taxation system operates
describe fundamental tax concepts, such as the concepts of income, capital, deductible expenses, residence of the taxpayer, source of income and derivation of income
critically analyse the fundamental distinctions between receipts of income and capital, and deductible and non-deductible outgoings
calculate the taxable value of various fringe benefits
describe the major elements of both the GST and CGT regimes
analyse, and apply, legislative provisions and court decisions relating to taxation matters.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Dr Diane Kraal

Workload requirements

3 hours per week

Prerequisites

Students must have passed BTB1200, BTG1200 or BTW1200 before undertaking this unit.

Prohibitions

BTC3150, BTF3931, BTG3221, BTW3221