UNSW Handbook Course - Principles of Goods and Services Tax Law

Principles of Goods and Services Tax Law - ATAX0023


	Faculty: Faculty of Law
	School: Australian School of Taxation
	Course Outline: See below
	Campus: ATAX Campus
	Career: Undergraduate
	Units of Credit: 6
	EFTSL: 0.125 (more info)
	Contact Hours per Week: 0
	Enrolment Requirements:
	Prerequisite: ATAX0001
	Fee Band: 1 (more info)
	Further Information: See Class Timetable

Description

The course works through all aspects of the GST law and looks briefly at the underlying policy implications of each area of the law. The object of this course is to provide conceptual and analytical knowledge of GST appropriate for the practical requirements of business, legal and accounting advisers working with GST on a regular basis. The course explores complex legislative and policy structures so that we acquire expert knowledge of what the law is meant to do, what it actually does and where problems arise.

Recommended prior knowledge: Completion of 8 Level 1 courses and ATAX0022 Goods and Services Tax: Design and Structure.

Course Objectives

On completion of this course, the student should be able to:

Identify the basic elements of the GST and how it will operate.
Explain how the basic building blocks for the GST fit together.
Understand key GST concepts such as supply, acquisition, enterprise being carried on and input tax credits.
Determine the GST payable on supplies and whether input tax credits can be claimed.
Be aware of the major 'exemptions' from GST and understand the nature of and conceptual differences between 'GST-free' and 'input taxed'.
Understand the implications of the complex extension of GST-free status to 'food'.
Understand the complexities of input taxation and reduced credit acquisitions - including how the finance sector is affected.
Appreciate the nature of apportionment and its inevitable key role in GST record-keeping and reporting.
Be aware of the general anti-avoidance provisions in the GST legislation.
Be aware of the key transitional rules insofar as they still have importance.
Be fully aware of the number of and scheme for GST Rulings, Determinations and other official Tax Office positions relevant to GST.
Explain how to undertake sensible strategic planning for the operation of GST in business.
Clearly explain the complexity of the so called 'simple' GST.
Explain the pervasive effect of the GST on vitually every tax entity.

Modes of Delivery

Flexible Learning

Assessment

Bachelor of Taxation:

Assignment 1	2500 words	20%
Assignment 2	2500 words	20%
Final Examination	Open book	60%

Pass Requirements

50 per cent or more of the total marks available in the course and
at least 40 per cent of the marks available for the final examination in the course.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.