BUSN7021 Taxation Law

Offered By	School of Accounting & Business Info Systems
Academic Career	Graduate Coursework
Course Subject	Business
Offered in	First Semester, 2012, Second Semester, 2012, First Semester, 2013, and Second Semester, 2013
Unit Value	6 units
Course Description	The course introduces students to taxation law in Australia with a focus on income tax. The important provisions of the Income Tax Assessment Acts 1936 and 1997 about the concepts of income, capital and deductions are considered in detail. The course also covers some international aspects of income tax, the tax treatment of different entities, tax planning and the goods and services tax.
Learning Outcomes	Upon successful completion of the requirements for this course, students will be able to: comprehend the rationale for tax laws apply analytical reasoning tools to assess how tax affects economic decisions for individuals and taxpaying entities develop a fundamental understanding of the components of taxable income calculate the components of taxable income and derive income tax and GST liability draw supportable conclusions on tax issues by using research skills including accessing and interpreting sources of authoritative support communicate tax conclusions and recommendations in a clear and concise manner to relevant stakeholders appreciate the professional and ethical obligations for tax service providers.
Indicative Assessment	Tutorial Participation 10% Assignment 20% Final Exam 70 %
Workload	Students taking this course are expected to commit at least 10 hours a week to completing the work. This will include: a 2-hour lecture a 1-hour tutorial 7 hours study time: reading, research, writing, posting to forums, study group interaction and assignment and examination preparation
Course Classification(s)	SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses.
Areas of Interest	Accounting, Commerce, and Law
Eligibility	At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree
Requisite Statement	BUSN7052 Commercial Law.
Incompatibility	Incompatible with BUSN3014 Principles of Law, COMM3014 Principles of Taxation Law, and LAWS2221 Income Tax.
Prescribed Texts	See Course Outline
Preliminary Reading	See Course Outline
Programs	Graduate Certificate in Accounting, Master of Accounting, and Master of Professional Accounting
Other Information	For further information please refer to the course website
Academic Contact	See http://cbe.anu.edu.au/courses/course.asp?code=BUSN7021

The information published on the Study at ANU 2012 website applies to the 2012 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2011 website.