LA4023 - Taxation Law

Credit points:	03
Year:	2013
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 Australias Income Tax system.

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;
• calculate the taxation consequences of: capital gains and losses; receipt of superannuation and employment and other termination payments; and primary production income;
• identify those receipts which form part of taxable income or which are taxable as fringe benefits.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The ability to deploy critically evaluated information to practical ends;
• The ability to find and access information using appropriate media and technologies;
• The ability to select and organise information and to communicate it accurately, cogently, coherently, creatively and ethically;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to read complex and demanding texts accurately, critically and insightfully;
• The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
• The ability to work individually and independently.

Prerequisites:	(LA1101 and LA1102) or BU1112 or BU2111 or CO1501
Inadmissible Subject Combinations:	BU3112 BX3112 CO3513

Availabilities
Townsville, Internal, Study Period 1
Census Date 28-Mar-2013
Coordinator:	Mrs Van Le
Contact hours:	26 hours lectures 12 hours tutorials
Assessment:	end of semester exam (60%); other exams (40%).
Cairns, Internal, Study Period 1
Census Date 28-Mar-2013
Coordinator:	Mrs Van Le
Lecturer:	Professor Stephen Graw.
Contact hours:	26 hours lectures 12 hours tutorials
Assessment:	end of semester exam (60%); other exams (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.