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.
Discipline Business and Commercial 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
On successful completion of this subject, students should be able to:
- Explain the key elements of the Australian income tax system
- 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.
- Apply legislation, cases and rulings to analysing and solving practical problems, examining theoretical legal issues and performing tax calculations.
- Use a range of research tools to locate and evaluate the quality, currency and relevance of legal information.
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
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.
|Reflection||3 x 500 word reflections||15||N||Individual|
|Professional Task||2,000 words||40||N||Individual|
- Krever R, et al Principles of Taxation Law 2022 (Thomson Reuters, 15th ed, 2021)
- Sadiq, K and Pinto, D Fundamental Tax Legislation 2022 (Thomson Reuters, 15th ed 2021)
Subject Contact Elen Seymour Opens in new window