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Unit of Study

Taxation Law and Practice
UoS Code CLAW6026
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites CLAW5001
Prohibitions CLAW5002
Assumed Knowledge
Additional Information
Lectures One 3 hour class per week which may include one or more of the following: lectures; seminars; tutorials or workshops.
Assessment mid-semester exam (20%), major assignment (30%), class performance (10%), final exam (40%)
Description Taxation is an inevitable reality for all individuals and businesses. The impact of taxation on business structures, transactions and decisions is both real and significant. An understanding of how taxation law works is not only vitally important for professional accountants but is also an essential management skill in an increasingly complex business environment. This unit introduces students to the principal forms of taxation within the Australian taxation system with a focus on concepts and principles of income tax law. Students will also learn how tax law is applied in practice. This unit covers key concepts of taxation in Australia (including the concepts of income, capital gains tax, deductions, and the residence and source principles) and examines the taxation of different entities (including partnerships, trusts and companies). The taxation of international business transactions is also considered.