LAW7262 - Goods and services tax

Leader: Professor Stephen Barkoczy / Mr Geoff Mann

Offered

City (Melbourne) Trimester 2 2009 (On-campus split block of classes)

Synopsis

This unit comprehensively examines the operation of Australia's goods and services tax (GST). It examines the key legislation, case law and rulings in the area and focuses on the concepts of taxable supplies, GST-free supplies and input taxed supplies. The way in which the GST law applies to a range of practical commercial arrangements, such as land transactions, sales of businesses, financial transactions and imports and exports is considered in detail. Historical, comparative and policy issues relating to GST are also canvassed.

Objectives

Students who have completed this unit will have:

1. A solid knowledge of GST legislation and case law
2. A broad understanding of GST policy issues
3. An appreciation of how the GST law applies to a range of practical situations; and
4. An ability to research and resolve complex GST issues.

Assessment

Examination 50%+ essay 40%
class participation 10%.

Contact hours

24 contact hours per semester (either intensive, semi-intensive or semester long, depending on the Faculty resources, timetabling and requirements)