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The current and official versions of the course specifications are available on the web at https://www.usq.edu.au/course/specification/current.
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LAW3130 Revenue Law and Practice A

Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Law and Justice
Student contribution band : Band 4
Grading basis : Graded
Version produced : 20 May 2022

Requisites

Pre-requisite: (ACC1101 and (LAW2106 or LAW1500)) or ((LAW2202 or LAW1123) and (LAW3206 or LAW2223) for Students in Programs: BLAW or BALW or BBLA or BCLA or LLBP or BCLW) or ((LAW5602 or LAW5123) and (LAW5706 or LAW5223) for Students in Program: DJUR)

Overview

An understanding of the principles of taxation is one of the most important and useful tools for anyone seeking advancement to senior management status in the corporate world, to those providing accounting, financial or legal services to business or to those seeking to be professional accountants or lawyers. It is also equally important for individuals in managing their personal affairs. There would be no major business decision in Australia, from the purchase of an item of plant to the overall organisation of a business structure, which is taken without regard to the taxation implications. Indeed, tax is often the motivating factor behind a decision or action. A study of taxation law involves not only an attainment of knowledge of the provisions of the various Tax Acts, but also a large volume of case law which has defined and/or clarified both the acts or general concepts not defined in the Acts, as well as the ability to apply this knowledge to factual situations.

In order to participate in the planning of a client's tax affairs it is necessary to understand the relevant sections of the appropriate taxation laws applicable to the transaction or entity structure. This course primarily introduces students to the Income Tax Assessment Acts (ITAA36 and ITAA97) and the Goods and Services Tax Act 1999 (GSTA).

Topics covered include assessable income, residency, capital gains tax, allowable deductions, classes of taxpayers, calculation of tax payable and offsets/rebates of tax, tax administration provisions, the taxation of business entities, and goods and services tax.

Course offers

Semester Mode Campus
Semester 1, 2022 On-campus Springfield
Semester 1, 2022 On-campus Toowoomba
Semester 1, 2022 Online
Semester 2, 2022 Online
Semester 3, 2022 Online
Date printed 20 May 2022