This unit provides an introduction to underlying principles and basic policy concepts in the operation of Australian income tax laws. Preliminary matters such as residency, source and derivation are first considered. The major principles of income taxation are analysed, including the taxation of income, capital gains, fringe benefits and goods and services. The major principles of deductibility, including statutory modifications, are considered together with the timing rules. Taxation of entities including individuals, companies, trusts and partnerships will also be covered. In addition, the fundamental administrative mechanisms and basic principles of tax planning are analysed together with anti avoidance provisions.

Unit details

Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BLB3134

Prerequisites

BLB1101 - Australian Legal System in Context

BLB1114 - Legal Research Methods

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Synthesise fundamental areas of legal knowledge, including the underlying principles and concepts, related to taxation law in Australia;  
  2. Identify the relevant legislative provisions and advocate resolutions to complex legal issues related to taxation matters covering such issues as residency, source, timing and understanding the income concept, deductibility and anti-avoidance provisions;  
  3. Initiate creative solutions to taxation problems based on thorough analysis, legal reasoning and research and understanding the deductions concepts;;  
  4. Identify, research, evaluate and synthesise relevant factual, legal and policy issues with initiative and judgement;  
  5. Elucidate legal principles, problems and possible solutions to both legal and non-legal audiences; and  
  6. Exemplify accountability for self-management of independent learning in a continuously changing 21st century professional world.  

Assessment

Assessment type Description Grade
Test Online quiz 20%
Assignment Assignment 30%
Examination Final Examination 50%

Required reading

Income Taxation: Commentary and Materials 8th
Graeme Cooper, Richard Vann, Miranda Stewart, Michael Dirkis 2017
Thomson Reuters

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