Special Consideration
LAW 303 Australian Taxation Law
Unit Description
This unit provides an introduction to Australian taxation law covering assessable income including capital gains, allowable deductions and tax formulas, the goods and services tax and fringe benefits tax. The unit requires application of tax laws and calculation of tax assessments.
Expected Student Workload
Number of timetabled hours per week: 4 hours (2 hours in lecture and 2 hours in tutorial)
No. personal study hours per week: 6 hours
Total workload hours per week: 10 hours
Prerequisites
LAW101 Australian Business Law
Unit Weighting
Unit credit points: 10
Total course credit points: 240
Delivery Mode
Face to face on VSC campus
Unit Learning Outcomes (ULO)
ULO1: Identify the sources of taxation law and the framework in which taxation is administered.
ULO2: Identify various types of taxation including income tax, consumption taxes, and taxes on capital.
ULO3: Apply the fundamentals of calculating the taxable income and tax payable for individuals and entities.