LAWS 4008 Revenue Law

Credit Points 10

Legacy Code 200019

Coordinator Elen Seymour Opens in new window

Description Revenue Law introduces you to the underlying principles of the Australian taxation system, with a particular focus on Commonwealth taxes. The unit of study is essential for all students intending to embark on a career in tax, law, business, commerce or the public sector. The unit covers the system of taxation; provides a critical analysis of the fundamental concepts of income and capital; and examines the key topics of taxation of remuneration, allowable deductions; taxation of entities, tax avoidance and aspects of tax administration.

School Law

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 4 subject

Pre-requisite(s) LAWS 2008

Incompatible Subjects LAWS 3070 - Taxation Law

Learning Outcomes

On successful completion of this subject, students should be able to:
  1. Explain the key elements of the Australian income tax system
  2. Analyse selected aspects of revenue law, such as the concepts of income and capital, the concepts of capital gains, allowable deductions and taxation of business entities.
  3. Apply legislation, cases and rulings to analysing and solving practical problems, examining theoretical legal issues and performing tax calculations.
  4. Use a range of research tools to locate and evaluate the quality, currency and relevance of legal information.

Subject Content

Introduction to the Australian taxation system
Taxation of Remuneration
Assessable Income: Income from Business
Assessable Income: Capital Gains Tax
Allowable Deductions: General Deductions
Allowable Deductions: Specific Deductions
Entities: Taxation of Partnership Income
Entities: Taxation of Trust Income
Entities: taxation of companies
Tax Administration
Tax Avoidance

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Class Participation assessed in accordance with evaluation criteria 10 N Individual
Problem based assessment 1,500 words 40 N Individual
Open Book Examination 2 hours 50 Y Individual

Prescribed Texts

  • Sadiq, K et al, Principles of Taxation Law 2021, (Thomson Reuters, 14th ed, 2020)
  • Pinto, D, Saidiq K and Kendall K, Fundamental Tax Legislation 2021, (Thomson Reuters, 14th ed, 2020)

Teaching Periods

2022 Semester 1

Campbelltown

Day

Subject Contact John Azzi Opens in new window

View timetable Opens in new window