Location:          Room 2.08,     Ligertwood Building North Terrace

                        Telephone:         8313 8250    

                        email:        john.tretola@adelaide.edu.au

                        Course Website:            www.myuni.adelaide.edu.au

2 hours of lectures per week. Thursdays 10.10-12.00pm, Physics 103, Kerr Grant Lecture Theatre.

1 hour of tutorials per week.

 

The full timetable of all activities for this course can be accessed from the Course Planner at http://access.adelaide.edu.au/courses/search.asp?year=2014

To provide a more detailed explanation of the tax laws that relate specifically to business structures in Australia.

 

Knowledge and Understanding

This course is designed to encourage students to:

1. Build upon the principles of income tax law as covered in an introductory income tax law subject, such as the undergraduate subject, Income Tax Law III, and a sound understanding of the material covered in that subject is assumed.
2. Gain a more advanced understanding of the fundamental principles of income tax law with a particular focus on the different types of business entities, such as companies, trusts and partnerships and sole proprietors.
3. Evaluate and synthesise information and existing knowledge from a number of sources.
4. Identify legal issues and apply the law to arrive at reasoned solutions to legal problems.
5. Communicate ideas effectively in informal group discussions
6. The course will focus on topical taxation issues affecting businesses in Australia.
7. The course will aim to provide opportunities for the practical implementation of the main concepts covered.
8. The course is also designed to allow students to appreciate the importance of lifelong learning in the ever-changing field of taxation law.

The Dark Blue covered Course Handbook is required (it is free of charge).

Foundations of Taxation Law 6th Edition (2014) Stephen Barkoczy (CCH).

Core 2014 Income Tax Legislation

Australian Master Tax Guide 2014 (CCH)

Australian Tax Handbook 2014 (Thomsons)

2 hours of lectures per week. Thursdays 10.10-12.00pm, Physics 103.

1 hour of tutorials per week.

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

 

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week (when these are held).

Week                Topics                                                             Tutorial Topic 

1                      Introduction to Business Taxes                           -

2                      Introduction to Business Taxes                           -                                  

3                      GST                                                                 Introduction

4                      GST and State Taxes                                        GST

5                      CGT Special Issues                                         State Taxes

6                       Class Test                                                         -

7                        FBT                                                               CGT Special Issues

8                       Superannuation

         Mid-semester break

________________________________________________________                                 

9                      Tax Entity issues                                               FBT/Super

10                    International business taxation                            Tax Entity Issues         

11                    Ethics, Penalties & Tax Avoidance                     *International Tax Issues

12                    No lectures                                                       Ethics & Tax Avoidance

 

            *The GST Tutorial Paper will be assessed

The assessment tasks comprise a variety of assessment including the ability to answer short answer questions in the class tests and tutorial papers and a more thorough examination of material in the exam style questions.

 

First Tutorial Paper        =           10%

Assignment                    =          20%

Second Tutorial Paper  =         10%

Final Exam                   =          60%

The tutorial papers, assignment and final exam all seek to assess each student in terms of the four course objectives specified above. All assessment is compulsory and non-redeemable.

Students are expected to attend tutorials in this subject.

The assessment components are as follows:

First Tutorial Paper - Tax Entity Issues (Due in Week 4)                                        10%

Students must submit their tutorial paper in writing or by electronic copy to the lecturer in charge by Monday 1pm 18th August 2014.

Students are also expected to discuss their tutuorial paper in the tutorial.

Date and time: Monday 18th August 2014 at 1pm.

Assignment                                                                                                                20%

An assignment will be due on the 15th September 2014 by 1pm and will cover the topics of Introduction to Business Tax issues; State Taxes; International Business Taxation and CGT Special Issues.

Date and time: Monday 15th September 2014 to be lodged in hard copy at the Ligertwood Building in the assignment drop box (outside the student office).

Second Tutorial paper - FBT/Superannuation Topic (Due in Week 10)                10%

Students must submit their tutorial paper in writing or by electronic copy to the lecturer in charge by Monday 1pm 13th october 2014.

Students are also expected to discuss their tutorial paper in the tutorial.

Date and time: Monday 13th october 2014 1pm.

Final Exam                                                                                                                  60%

There will be a 3hour exam held during the November examination period. It will cover all the Topics of the course and all lecture and tutorial material is examinable.

The exam will be an open book exam. Students can bring in any material they wish into the exam.

 
In order to pass this course in addition to receiving a mark of 50 or more overall it is also a requirement that each student score a mark of at least 45% in the final exam.

 

Return of Tutorial Papers

The Tutorial Papers will be marked within a week of the due date and returned to students and students will also be given their mark through my uni.

Presentation of assignments
· Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
· All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members are expected to contribute approximately equally to a group assignment.

Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.

Students must retain a copy of all assignments submitted.

Submission
Assignments are to be lodged in writing at the Student Hub, Ground Floor, 10 Pulteney Street Adelaide SA 5000 in the allocated Assignment Box.

Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits.

A late assignment (without prior arrangement) will be penalised by 5% mark reduction for each business day that it is late.

Please note: For fairness and equity, the maximum extension granted will be the day before the first tutorial covering the content of the assignment that is the subject of the assessment.

Occupational Health and Safety Arrangements

The School is committed to upholding the University’s Policy on Occupational Health and Safety (OH&S). All staff and students have a legal responsibility to act in the interests of themselves and others with respect to OH&S. To assist us, and to comply with your responsibilities, you are required to become informed about emergency evacuation procedures and the evacuation areas for the classes you attend.

 

Evacuation Procedures

Staff and students must leave the building via the fire stairs once the notice to evacuate has been given. The lifts should not be used. Those experiencing difficulties leaving the building should notify the floor warden. Staff and students may return to the building only after the Warden has granted permission.

 

Medical Emergencies & First Aid In a life threatening situation only please telephone 8303 5444.

 

Representatives and Officers

First Aid officers are trained to deal with first aid situations. School Safety Officers represent the Head of School in OH&S matters. The elected OH&S Representative can represent staff and students in OH&S issues.

 

 

Accident and Incident Reporting

OH&S legislation demands that all accidents and near-miss incidents be reported to the School Manager or Head of School. In the event of an accident or incident the person involved, and their supervisor, must complete an Accident/Incident Report and Investigation Form, within 48 hours of the accident/incident. A copy of the completed form is to be forwarded to the OH&S Safety Officer. Copies of the form are available from the OH&S Representative or Safety Officer.