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CO5120 - Taxation Law

Credit points: 3
Year: 2021
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

Only available for postgraduate students

This subject is an introduction to Australian income tax law and practice. The constitutional and administrative framework within which the federal tax system operates will be examined. Australia's income tax law will be assessed as it relates to an individual, business and company in the context of taxation of income from trusts, taxation of partnerships and the taxation of companies and corporate distributions. Administration will also be examined.

Learning Outcomes

  • explain and critique the legal basis for the exercise of the Commonwealths taxation power;
  • assess and calculate receipts which form part of taxable income for individuals and companies, net income for partnerships and trusts;
  • explain and calculate how fringe benefits; receipt of superannuation and termination payments are taxed;
  • consider and differentiate those outgoings which are deductible for income taxation purposes;
  • calculate the taxation consequences of capital gains and losses; and;
  • explain and justify the tax administration system in Australia.

Subject Assessment

  • Written > Examination - In class - (50%) -
Prerequisites: CO5119
Inadmissible
Subject
Combinations:
CO5110

Availabilities

Townsville, Internal, Study Period 1
Census Date 25-Mar-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops - Refer to subject study guide for detail
  • assessment and self-directed study

External, Study Period 1
Census Date 25-Mar-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops - Refer to subject study guide for detail
  • assessment and self-directed study

External, Study Period 86
Census Date 04-Nov-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours online interactive lectures - Refer to subject study guide for detail
  • assessment and self-directed study
Method of Delivery: WWW - LearnJCU

JCU Singapore, Internal, Study Period 53
Census Date 02-Dec-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops - Refer to subject study guide for detail
  • assessment and self-directed study

JCU Brisbane, Internal, Study Period 21
Census Date 08-Apr-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops - Refer to subject study guide for detail
  • assessment and self-directed study

JCU Brisbane, Internal, Study Period 22
Census Date 05-Aug-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops - Refer to subject study guide for detail
  • assessment and self-directed study

JCU Brisbane, Internal, Study Period 23
Census Date 09-Dec-2021
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 36 hours workshops - Refer to subject study guide for detail
  • assessment and self-directed study

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.