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LA4023:03

Taxation Law

Townsville, Cairns

HECS Band 3

26 hours lectures, 12 hours tutorials. Semester 1.

Staff:

Professor S Graw (Townsville campus);

Dr J Dabner (Cairns campus).

The constitutional division of taxing powers and the constraints on the Commonwealth's power to tax; the operation and administration of Australia's Income Tax system.

Learning Objectives:

describe the legal basis for the exercise of the Commonwealth's taxation power;

identify those receipts which form part of taxable income;

identify those outgoings which are deductible for income taxation purposes;

calculate the taxation liability of those who derive assessable income as individuals; through partnerships and trusts; and either as or through companies.

calculate the taxation consequences of: capital gains and losses; eligible termination payments; and primary production income.

describe the collection mechanisms used by the Australian Taxation Office;

explain the major anti-avoidance provisions of the Income Tax Assessment Act.

Assessment by two on-course tests (40%); final examination (60%).