Goods and Services Tax Principles B
LAWS6828
The object of this unit is to broaden participants' existing knowledge of the Australian Goods and Services Tax, gained from studying LAWS6214 Goods and Services Tax Principles A or from extensive experience in practice. The unit will examine the interpretation, operation, and administration of aspects of GST that are complex in theory and/or in practical application. A detailed analysis of the law will take into account the policy objectives of the law and will be illustrated by reference to a range of commercial transactions, focussing on problems encountered in practice.The following aspects of Australian GST are covered: entity and enterprise issues (the treatment of partnerships, trusts, and non-profit bodies; the special rules relating to GST groups, GST branches, and approved joint ventures; supplies of going concerns); the decreasing adjustment model for the taxation of insurance (Division 78); financial supplies (defining the boundaries of the input taxation; reduced credit acquisitions; related issues); GST and real property (taxable, input taxed, and GST-free supplies of real property; input taxed sales of residential premises and the exception for new residential premises; the margin scheme; supplies in return for development rights; real property and going concerns; input taxed residential rent, taxable commercial accommodation, and the treatment of long term occupation of commercial residential premises).Coverage in any year may vary to take account of current issues, amendments to the law, and any relevant government consultations. Other issues that may be covered include: incapacitated entities; pre-incorporation expenses and amalgamations; CTP insurance (Division 79) and settlement sharing arrangements (Division 80); current topical issues and/or recent case law.
Unit of study details
Unit of study level: Postgraduate
Credit points: 6
Commencing semesters: 2
Further unit of study information
Unit of study handbook: LAWS6828
Costs and scholarships information: Costs and Scholarships
Final dates to withdraw from units of study: Census Dates
Available for study abroad and exchange: No