LAW301 Taxation Law (Principles) (8)

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.

Availability

Session 1 (30)
On Campus
Albury-Wodonga Campus
Bathurst Campus
Port Macquarie Campus
Wagga Wagga Campus
Online
Albury-Wodonga Campus
Session 2 (60)
On Campus
CSU Study Centre Melbourne
CSU Study Centre Sydney
Online
Albury-Wodonga Campus
Session 3 (90)
Online
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.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Not available to students who have completed LAW380, LAW381, or LAW320.

Prerequisites

LAW110 or LAW112

Subject Relationships

LAW320 Similar content
LAW381 Similar content
LAW380 Similar content

Incompatible Subjects

LAW320, LAW380, LAW381

Learning Outcomes

Upon 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.

Syllabus

This 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.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of LAW301 in Session 3 2019. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Online test open 9 december - 16 december 2019
5
2
Problem solving question
35
3
Final exam
60

The information contained in the CSU Handbook was accurate at the date of publication: July 2020. The University reserves the right to vary the information at any time without notice.

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