James Cook University Subject Handbook - 2022

BX3112 - Taxation Law

Subject Description

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.

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

Subject Assessment

• Written > Examination (centrally administered) - (50%) - Individual
• Written > Test/Quiz 1 - (25%) - Individual
• Written > Test/Quiz 2 - (25%) - Individual

Note that 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.

Inadmissible Subject Combinations:  CO3513 LA4023 BU3112

Availabilities