LAWS6828 - Goods & Services Taxation Principles B

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, focusing 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 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; current topical issues and/or recent case law.

Prerequisites

LAWS6214 - Goods and Services Tax Principles A
With permission of the Tax Program Coordinator, students with a good working knowledge of GST or VAT from previous study or practical experience may be permitted to enrol.

Session

Semester 2 2014
Tuesday evenings, 6-8pm

The timetable is subject to frequent changes. Please refer to the latest version of the Postgraduate Timetable.

Assessment

  • Assignment (35%)
  • 2-Hour Open Book Exam (65%)
  • A Research Essay may be undertaken in lieu of the exam subject to permission from the Unit Coordinator.

Continuing Professional Development (CPD)

You can credit this unit towards Continuing Professional Development (CPD). Units of study that are part of Sydney Law School’s Postgraduate Program meet the necessary Mandatory Continuing Legal Education (MCLE) of the Law Society of New South Wales and the Continuing Professional Development (CPD) requirements of the New South Wales Bar Association. You may complete this unit of study by enrolling on a non-degree basis or on an audit basis only with no assessment via Single Unit Study.

Courses this unit is available in

Master of Laws | Graduate Diploma in Law | Master of Global Law | Master of Business Law | Master of Taxation | Graduate Diploma in Taxation | Master of International Taxation