CO3514:04
Taxation 2
Townsville
Prerequisites: CO3513
Inadmissable Subject Combination: 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:
- describe the Commissioner’s assessment, default assessment, reassessment and coercive powers;
- explain the rulings, objections and appeals processes;
- calculate the capital gains tax consequences of selected capital transactions;
- calculate the imputation consequences of those transactions that are affected by Part IIIAA of the Income Tax Assessment Act;
- describe the taxation consequences (for both residents and non-residents) of transactions having cross-border taxation implications;
- explain the operation of Fringe Benefits Taxation in Australia;
- describe the operation of Sales Tax in Australia;
- 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%).