James Cook University Subject Handbook - 2002

LA4024:03

Advanced Taxation Law

Townsville, Cairns

HECS Band 3

26 hours lectures, 13 hours tutorials. Semester 2.

An in-depth consideration of selected topics in income tax and of other taxation related topics drawn from other Australian taxation legislation.

Learning Objectives:

1. describe the Commissioner’s assessment, default assessment, reassessment and coercive powers;
2. explain the rulings, objections and appeals processes;
3. calculate the capital gains tax consequences of selected capital transactions;
4. calculate the imputation consequences of those transactions that are affected by Part IIIAA of the Income Tax Assessment Act;
5. describe the taxation consequences (for both residents and non-residents) of transactions having cross-border taxation implications;
6. explain the operation of Fringe Benefits Taxation in Australia;
7. describe the operation of GST in Australia;
8. describe the operation of the more important State Taxes that are levied in Australia.

Assessment by on-course test (25%); final examination (75%).