Revenue Law: Theory and Policy in Action
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- 02 Nov 2020
With a network of campuses across Brisbane and the Gold Coast, Griffith University is committed to progressive multidisciplinary teaching and research and a valuable online provider with Open Universities Australia. Already attracting students from more than 122 countries, Griffith's dedication to academic excellence is available across Australia through OUA.
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- Understand the general operation of the Australian revenue system, and be aware of the various taxation law sources and how to find and use them.
- Understand and apply the important concepts that underpin the income tax system such as residency for Australian tax purposes; ordinary income versus capital income; and tax deductions.
- Understand the general operation of the capital gains tax (CGT) legislation and correctly apply the law to calculate a taxpayer's net capital gain.
- Understand the general operation of the goods and services tax (GST) legislation, and its interaction with other tax systems.
- Appreciate how different entities such as individuals, partnerships, trusts, and companies attract different tax treatment under the law, and be able to correctly calculate the tax liability for the relevant taxpayers.
- Understand the general operation of the fringe benefits tax (FBT) legislation; and to be able to correctly calculate the tax liability.
- Appreciate taxation as a social force, with policy implications affecting the interests of individuals, communities, businesses, and government.
- Refine your electronic research skills in order to find relevant taxation law information to resolve tax law problems.
- Use your legal problem solving skills to apply tax law to factual situations and to reach a conclusion, including as to whether further information is required.
- Assessable Income
- Business Income & Isolated Transactions
- Residency, Source & Derivation
- General Deductions
- Specific Deductions
- Goods and services tax
- Capital gains tax
- Fringe Benefits Tax
- Entities: Individuals and partnerships
- Entities: Companies and trusts
You must have successfully completed the following subject(s) before starting this subject:
- EquipmentDetails - Audio/Video equipment
This subject examines the main taxation revenue raising techniques used by the Australian Commonwealth Government, including income tax, capital gains tax, goods and services tax and fringe benefits tax. The course also concentrates on particular taxation aspects governing different entity types, such as individuals, minors, partnerships, companies and trusts.
Prerequisites: AFE215 Introduction to Business Law
- Seminar Preparation (20%)
- Online Quiz (20%)
- Final Exam (60%)
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