LAW301 Taxation Law (Principles) (8)
CSU Discipline Area: Management (MANAG)
Duration: One session
Abstract:
In this subject the fundamentals of income tax law and practice are covered. The basic ideas of assessable income including capital gains, allowable deductions and the essentials of tax accounting are examined in the context of their impact on businesses and taxpayers in general. Goods and Services Tax and Fringe Benefits Tax are also considered.
+ Subject Availability Modes and Locations
| Session 1 | |
|---|---|
| Internal | Albury-Wodonga |
| Internal | Bathurst |
| Internal | CSU Study Centre Melbourne |
| Internal | CSU Study Centre Sydney |
| Internal | Dubbo |
| Internal | Wagga Wagga |
| Distance | Albury-Wodonga | Session 2 |
| Internal | CSU Study Centre Sydney |
| Internal | Port Macquarie |
| Distance | Albury-Wodonga | Session 3 |
| Distance | Albury-Wodonga |
Continuing students should consult the SAL for current offering details: LAW301
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Prerequisite(s):
Enrolment restrictions:
Not available to students who have completed LAW320 , LAW380 , LAW381 or RMBU2643. Note that completion of RMBU1235 satisfies the prerequisite for this subject.
Objectives:
Upon successful completion of this subject, students should:
- be able to apply legislation, case law and administrative provisions as they relate to the underlying
principles of Australian income tax law and practice;
- be able to use online resources including the Australian Taxation Office website;
- be able to maintain relevant records necessary for the preparation of tax returns; and
- be able to give professional advice regarding the taxation of personal services income and income
from business.
Syllabus:
The subject will cover the following topics:
- Assessable income (ordinary income including the effect of carrying on a business; statutory
income including capital gains);
- Deductions (general deductions; specific deductions - statutory expansions / clarification including
capital cost write-offs, depreciation and repairs, tax offsets);
- Tax accounting (when income is derived and deductions are incurred, trading stock, calculation of
tax payable, including exempt income and tax rates, Fringe Benefits Tax, overview of Goods and
Services Tax and preparation of Business Activity Statement).
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.