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

Bachelor of Accounting*

*Core unit

CREDIT POINTS

10

DELIVERY MODE

On campus
Intensive
Extensive

PREREQUISITE OR CO-REQUISITE

LW101 Law I

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