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An understanding of the principles of taxation is one of the most important and useful tools for anyone seeking advancement to senior management status in the corporate world, to those providing accounting or financial services to business and to those seeking to be professional accountants or lawyers. It is also equally important for individuals in managing their personal affairs. This course builds on the principles of taxation law set out in LAW3130 – Revenue Law and Practice and provides an opportunity to study advanced taxation law topics. By undertaking both LAW3130 and LAW3131 students will have satisfied the requirements of ‘a course in taxation law’ as required for admission to the Tax Practitioners Board of Australia.

The material covered in the course will build upon the subject matter dealt with in the course LAW3130 Revenue Law and Practice and students will be expected to have retained a working knowledge of material covered in that course. This course primarily deals with taxation issues not covered in LAW3130 in order to provide students with a greater understanding and knowledge of the Australian taxation system. Specifically it covers taxation of various business organisations (partnerships, trusts, companies); superannuation funds and termination payments; Fringe Benefits Tax; General and Specific Tax Avoidance rules; the ethical and professional responsibilities of tax agents; and some specialist tax topics including: international tax; the taxation of primary producers; advanced CGT issues; advanced GST issues; stamp duty; and payroll tax. By undertaking both LAW3130 and LAW3131 students will have satisfied the requirements of `a course in taxation law' as required for admission to the Tax Practitioners Board of Australia.

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

1. apply to factual scenarios the legal principles of taxation of trusts, companies, partnerships, superannuation funds, international transactions, stamp duty, primary production, special taxpayers, fringe benefits tax and superannuation as well as explain the advantages and disadvantages of the various entity structures covered in the course;
2. articulate and apply international and comparative perspectives of taxation to international transactions;
3. undertake ethical research and enquiry skills by explaining the boundaries of legitimate tax planning and the effects of Part IVA (and other anti-avoidance provisions);
4. describe and apply the ethical and professional responsibilities of tax agents and their obligations under the Tax Agents Services Act 2009 (TASA) and the Tax Agents Services Regulations 2009 (TASR);
5. apply academic and professional literacy skills (e.g. legal research, statutory interpretation and written communication) in both the assignment and examination;
6. analyse tax law scenarios, including the application of the appropriate law to the problem and advising on the likely outcome using problem solving and critical thinking skills.