LAW301 Taxation Law (Principles) (8)
Abstract|
This subject will explore the law relating to the Australian taxation system. It will investigate the concepts of taxation law such as assessable income including capital gains, allowable deductions and tax formulas. The Goods and Services tax regime and Fringe Benefits Tax will also be examined. Students will learn both how to apply relevant tax laws and how to compute tax assessments with a focus on individual rather than corporate taxation. |
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+ Subject Availability Modes and Location
| Session 1 | | Internal | Albury-Wodonga Campus | | Internal | Bathurst Campus | | Internal | Port Macquarie | | Internal | Wagga Wagga Campus | | Distance | Albury-Wodonga Campus | Session 2 | | Internal | CSU Study Centre Melbourne | | Internal | CSU Study Centre Sydney | | Distance | Albury-Wodonga Campus | Session 3 | | Distance | Albury-Wodonga Campus |
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.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Accounting and Finance |
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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. |
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| Prerequisite(s) | Incompatible subject(s) |
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| LAW110 | LAW320 LAW380 LAW381 |
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Learning OutcomesUpon successful completion of this subject, students should:
- be able to locate and analyse the sources of taxation law in Australia;
- be able to describe and access the Australian regulatory taxation system and compliance regime;
- be able to interpret legislation to compute taxable income and allowable deductions to determine taxation liabilities and evaluate appropriate offsets;
- be able to critically evaluate the law relating to the goods and services taxation regime and calculate the relevant tax liabilities;
- be able to critically evaluate the law relating to capital gains taxation and trading stock and calculate the relevant tax liabilities; and
- be able to critically evaluate the law relating to fringe benefits and calculate the relevant tax liabilities.
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SyllabusThe 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 and tax offsets; and
- 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.
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The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.
