units

BTW3221

Faculty of Business and Economics

18 September 2017 18 November 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2015 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.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Business Law and Taxation
OfferedNot offered in 2015
Coordinator(s)Mr Jonathan Teoh

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%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Mr Jonathan Teoh

Prerequisites

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

Prohibitions

BTC3150, BTF3931, BTG3221