James Cook University Subject Handbook - 2023

LA4023 - Taxation Law

Subject Description

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
• 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
• identify those outgoings which are deductable for income taxation purposes

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:  BU3112 BX3112 CO3513

Availabilities