Australian Catholic University - Taxation Law (LEGL300)

Taxation plays an important role for governments in collecting and utilising revenues to achieve Sustainable Development Goals (SDG) of no poverty (SDG 1), good health and wellbeing (SDG 3), quality education (SDG 4), decent work and economic growth (SDG 8), and industry, innovation, and infrastructure (SDG 9). Taxation supports the Catholic Social Thoughts (CST) of common good by contributing to the wellbeing of people through utilisation of government revenues for improvement of lives of people. It is important for business students (particularly, accounting and finance students) to learn taxation, as most income earning individuals and companies are subject to various types of tax. Moreover, taxation is interconnected to accounting and finance for wealth management. Against this backdrop the unit covers income tax, goods and services tax (GST), fringe benefits tax (FBT), and other relevant taxes (e.g., payroll tax). The aim of this unit is to understand and apply relevant taxation rules imposed by the Income Tax Assessment Act 1997, the Income Tax Assessment Act 1936, the Goods and Services Tax Act 1999, the Fringe Benefits Tax Assessment Act 1986, Payroll Tax Act 2007, and the case laws and taxation rulings issued by the Australian Tax Office (ATO).