UNSW Handbook Course - Taxation of Employee Remuneration

Taxation of Employee Remuneration - ATAX0625


	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: 48 units of credit completed and a cumulative weighted average of at least 65
	Fee Band: 1 (more info)
	Further Information: See Class Timetable

Description

This course provides a comprehensive coverage of the taxation issues relating to the taxation of employee remuneration. The course commences by examining the employer/employee relationship, contrasting it with the principal/independent contractor relationship. Fringe benefits tax and tax collection obligations imposed on employers, including under PAYG and the payroll tax system, are considered in detail. Employers' obligations and employees' rights under the superannuation guarantee system are examined, as are the rules on the deductibility of superannuation contributions and the taxation of payments made on termination of employment. The course concludes with an examination of the rationale and tax consequences of salary packaging, and the ATO's response to arrangements aimed at avoiding tax on payments for services performed.

Course Objectives

On completion of this course, students should be able to:

distinguish, in broad outline, between an employee and an independent contractor, and understand the importance of the distinction
explain the rationale and workings of the PAYG system and the pay-roll tax system;
detail the major operational features of the fringe benefits tax and its consequences for employers and employees
identify tax concessions for employers and employees when they make superannuation contributions
explain the superannuation guarantee obligations imposed on employers and the implications for employees
distinguish the various types of payments that may be made on termination of employment and the tax treatment of those payments
explain various “salary packaging" devices and anti-avoidance provisions aimed at preventing the minimising of tax through, for example, the interposition of entities between the provider and recipient of services.

Modes of Delivery

CBD Evening Class
Flexible Learning

Assessment

Bachelor of Taxation

Assignment 1	2000 words	20%
Assignment 2	2000 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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