James Cook University Subject Handbook - 2000

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CO3514:04

Taxation 2

Townsville

Prerequisites: CO3513
Inadmissable Subject Combination: LA4001 LA4024

26 lectures, 26 tutorials. Second semester.

Staff: Assoc. Professor S B Graw.

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 Sales Tax in Australia;
  8. describe the operation of the more important State Taxes that are levied in Australia.

Assessment by on-course test (10%); assignment (15%); final examination (75%).

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