Undergraduate - UnitBTW3221 - Taxation law and practice

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Berwick First semester 2012 (Day) Gippsland First semester 2012 (Day) Peninsula Second semester 2012 (Day)
Coordinator(s)	Mr Ken Devos (Berwick), Dr Ashraf Kazi (Gippsland), TBA (Peninsula).

Synopsis

This unit provides an introduction to Australian income tax law and practice. Topics include: Australian tax jurisdictional issues, assessable income from personal exertion, property and business, capital gains tax and fringe benefits tax, exempt income, deductions, both general and specific, GST, individual offsets.

Outcomes

The learning goals associated with this unit are to:

1. describe the constitutional and administrative framework in which the federal taxation system operates
2. describe fundamental tax concepts, such as the concepts of income, capital, deductible expenses, residence of the taxpayer, source of income and derivation of income
3. critically analyse the fundamental distinctions between
   1. receipts of income and capital and
   2. deductible and non-deductible outgoings
4. describe the special treatment given to different types of taxpayers, such as companies, trusts, partnerships and non-residents
5. analyse, and apply, legislative provisions and court decisions relating to taxation matters.

To practice as a tax agent in Australia, an accountant is expected to be registered with the Commonwealth Government's Tax Practitioner's Board. This unit has been designed to satisfy the requirements of one of two courses required for registration as a tax agent.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Chief examiner(s)

Mr Ken Devos

Contact hours

3 hours per week

Prerequisites

Students must have passed BTG1200 or BTW1200 before undertaking this unit.

Prohibitions

BTC3150, BTF3931, BTG3221