BU3112 - Taxation
| Credit points: | 03 |
| Year: | 2008 |
| Student Contribution Band: | Band 3 |
| Administered by: | School of Law Office |
The constitutional division of taxing powers and the constraints on the Commonwealths power to tax; the operation and administration of Australia's Income Tax system. This subject is compulsory for students wishing to satisfy professional accreditation requirements in the Bachelor of Business (Accounting).
Learning Outcomes
- calculate the taxation liability of those who derive assessable income as individuals; through partnerships and trusts; and either as or through companies;
- describe the collection mechanisms used by the Australian Taxation Office;
- describe the legal basis for the exercise of the Commonwealths taxation power;
- explain the major anti-avoidance provisions of the Income Tax Assessment Act;
- identify those outgoings which are deductible for income taxation purposes;
- identify those receipts which form part of taxable income;
- calculate the taxation consequences of: capital gains and losses; receipt of superannuation and employment and other termination payments; and primary production income.
Graduate Qualities
- An understanding of the economic, legal, ethical, social and cultural issues involved in the use of information.
| Prerequisites: | BU1112 OR CO1501 OR (LA1105 AND LA1106) OR (LA2011 AND LA2012) |
| Inadmissible Subject Combinations: | CO3513 AND LA4023 |
Availabilities | |
| Townsville, Internal, Study Period 1 | |
| Census Date 04-Apr-2008 | |
| Coord/Lect: | Professor Stephen Graw. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); 2 tests worth 20% each (40%). |
| Cairns, Internal, Study Period 1 | |
| Census Date 04-Apr-2008 | |
| Coordinator: | Professor Stephen Graw |
| Lecturer: | Assoc. Professor Justin Dabner. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); 2 tests worth 20% each (40%). |
| JCU Brisbane, Internal, Study Period 21 | |
| Census Date 18-Apr-2008 | |
| Coord/Lect: | Professor Stephen Graw. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); 2 tests worth 20% each (40%). |
| JCU Brisbane, Internal, Study Period 22 | |
| Census Date 15-Aug-2008 | |
| Coord/Lect: | Professor Stephen Graw. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); 2 tests worth 20% each (40%). |
| JCU Brisbane, Internal, Study Period 23 | |
| Census Date 12-Dec-2008 | |
| Coord/Lect: | Professor Stephen Graw. |
| Contact hours: |
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| Assessment: | end of semester exam (60%); 2 tests worth 20% each (40%). |
Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.