This unit further pursues the goals of Australian Income Tax and is to be regarded as an extension of that unit. In particular, the unit surveys some more advanced (and practically relevant) aspects of Australia's tax system, with particular attention to special rules applicable to entities (partnerships, trusts, and companies ¿ and their owners) and international taxation. The topics studied in Australian Income Tax will be expanded upon and together these units provide a basic understanding of the Australian tax system and a basis for further study and/or practice.
2x2-hr seminars/week for 10 weeks
Optional mid-semester test (30%) and 2 hr final exam (70% or 100%).
Income Taxation: Commentary and Materials (Thomson Reuters, current edition)
LAWS3047 or LAWS3412Prohibitions
LAWS3013 or LAWS5109