LW304 Tax Law II
DESCRIPTION
This unit introduces students to the legal principles associated with partnerships, associations, trusts and corporations. In particular, students will be exposed to the understanding tax planning and shall be required to be able to describe all appropriate legal principles dealing with such entities and the internal and external relationships thereof.
RELEVANT COURSES
*Core unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Intensive
Extensive
PREREQUISITE OR CO-REQUISITE
UNIT LEARNING OUTCOMES
LO1 An understanding of the more important principles of Australian taxation law
LO2 A reasonable competence in handling the taxation requirements of various classes of taxpayers
LO3 An appreciation of the basic elements of tax planning
LO4 Discuss a range of other taxes in the Australian taxation regime
CONTENT
Australian tax system
Types of taxpayers
Tax accounting, stock, income, capital gains
Superannuation, termination, personal offsets, deductions
Capital allowances, incentives
International taxation
Finance
Returns, assessment, payment
Disputes, avoidance, tax planning
Tax and BAS agents, TFNs, ABNs
Tax rates, checklists, pending legislation
ASSESSMENT METHODS
1. Literature Review - 20%
2. Case Law Research Assessment - 30%
3. Exam - 50%
PRESCRIBED READINGS
Australian Master Tax Guide (70th ed.). (2022). Sydney: CCH Australia Ltd.
Check with the lecturer each semester before purchasing any textbooks