LAW514 Australian Taxation (16)
CSU Discipline Area: Management (MANAG)
Duration: One session
Abstract:
This subject provides an intensive analysis of the Australian taxation system. The focus is on the concepts of assessable income, allowable deductions, capital gains tax, tax rates and tax offsets. Special provisions of taxation viz repairs, depreciation, and capital allowances are also examined. Partnership taxation, taxation of trusts and company taxation provisions are analysed. Fringe benefits tax is explored, and the Goods and Services Tax including its impact on business is also examined. Tax avoidance is examined and attention is also given to international taxation issues such as double taxation agreements.
+ Subject Availability Modes and Locations
| Session 2 | |
|---|---|
| Distance * | Wagga Wagga |
*This subject offering contains a residential school. Please view following information for further details.
Continuing students should consult the SAL for current offering details: LAW514
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:
Postgraduate students only. Not available to students who have completed LAW513 or LAW518 .
Objectives:
Upon successful completion of this subject, students should:
- be able to identify and explain the rules of law relating to taxation law topics covered in the subject
- be able to demonstrate a capacity to engage in legal research
- be able to use legal research skills to apply the law to legal problems relating to taxation so as to reach a solution
- be able to use and analyse legal rules so as to differientatie between possible outcomes to the legal issues arising from novel fact situations.
Syllabus:
The subject will cover the following topics:
- Background to the Australian taxation system and the significance of the components;
- Income - concepts of income, income from providing services, remuneration of employees, income from carrying on a business, income from the use of property, income from the disposal of property, exempt income and income from capital gains;
- Outgoings - fundamentals, general allowable deductions, specific deductions (repairs, depreciation, capital allowances, bad debts, past years losses, etc);
- Measurement of Taxable Income - principles of tax accounting, timing of derivation of assessable income, recognition of allowable deductions, trading stock;
- Fringe Benefits Tax - tax on employers;
- Interposed Entities - partnerships and partners, trusts and beneficiaries, companies and shareholders, selecting a tax-effective entity;
- The law and ethics of tax minimisation, tax planning and tax avoidance;
- GST compliance and management requirements;
- Taxation administration provisions;
Residential School
This subject contains a compulsory 3 day residential school.
The primary objectives of the residential school are to:
- provide an interactive face- to-face learning environment;
- answer student questions about the subject; and
- assist students to focus their studies for the remainder of the session.
Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context.
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.