No offerings have been identified for this subject in 2016
LAW381 Taxation (8)
Abstract| 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. |
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+ Subject Availability Modes and Location
Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: LAW381
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 | International School of Business and Partnerships |
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Enrolment restrictions| Bachelor of Business Studies students only. Not available to students who have completed LAW320, LAW301 or LAW380. |
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| Incompatible subject(s) | Related subject(s) |
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| LAW301 LAW320 LAW380 | LAW301 This subject is identical to LAW301, except for mode of delivery and method of assessment
LAW380 Part of the subject content is similar, however subjects are offered to different cohorts
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Learning OutcomesUpon 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. |
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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, 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).
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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.
