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EXAM

INFORMATION
ADVICE
Taxation Law of Australia
LAWS20060
Term 2 2016

Exam information
Official exam period in October
DOUBLE CHECK your individualised
details on MyCQU
3 hour exam
15 minutes perusal
Open book unrestricted
Answer 4 out of 5 questions. Each question
is worth 15 marks
Many questions will have sub-parts
NB: This exam advice also applies to the
deferred/supplementary exam

Instructions Sheet

1.WriteallanswersintheExaminationAnswer
Bookletprovided.
2.Studentsmustanswerfourofthefive
questions.Theseareofequalvaluefifteen
markseach.Ifmorethanfourquestionsare
answered,onlythefirstfourwillbemarked.
3.Writeyouranswerclearly,usenumbered
headingsorsubheadingstoshowwhichpart
ofyouranswerreferstowhichquestion.
Example:PartAQuestion2(a)

Breakdown of marks
Q1 15 marks Week 9 (companies net tax payable)
and Week 10 (tax avoidance theory)
Q2 15 marks Week 11 (FBT calculations) and
Week 12 (GST - theory)
Q3 15 marks Weeks 1 7 - calculate the tax
liability of an individual
Q4 15 marks Week 8 (trusts) (calculations and
theory) (knowledge of Weeks 1 7 work also
required)
Q5 15 marks Week 8 (partnerships)(theory)
Many questions have sub parts
Use this information to help you work out how much
time is needed to answer each question

Open book unrestricted


This means you can take any material you like
into the exam, other than electronic items
That includes textbooks and notes
HOWEVER, do not let this lull you into a false
sense of security
NONE OF THIS MATERIAL WILL HELP YOU if
you do not know the work well before you go into
the exam room as you will not have time to learn
the material during the exam if you do not
already know it

Material examinable
ALL MATERIAL covered in set
readings in textbook and set tutorial
questions is potentially examinable

PLEASE NOTE:
Theory questions require more than just
regurgitating the textbook at least put the
material into your own words we want you to
show your understanding of the question
Read each question carefully so that you
understand what you are being asked to do and
answer the question that is being asked
You will not receive full marks on a theory question
by copying directly from the textbook
Rates will not be given for practical questions. You
are expected to know or have access to applicable
tax rates as it is an open book exam

Types of questions
The types of questions that will be asked are:
Problem type practical questions need to
be able to complete calculations where
required
Problem based theory questions require
application of theory to problem based
scenario
Short essay-style theory questions need
to be able to explain elements of theory
without copying the information straight
from the textbook

General exam hints

Give yourself plenty of time to get to exam


venue
Arrive with some time to spare so that you
are not flustered remember perusal starts
before the official exam start time
Make sure you bring everything you need
eg. calculator (make sure battery is okay),
pens, pencils, erasers, textbooks, notes
Allocate time to questions 180 minutes/60
marks = 3 minutes per mark - you have 45
minutes to complete a 15 mark question
stick to this so you dont run out of time to
finish the exam

Past exams

Yes, past exams are useful revision tools


However, the current exam will not
contain the same questions or
necessarily even the same question
types
Past exams are indicative only
Over-reliance on past exams for revision
rather than studying the course is not
advised

If you have any queries please contact me at


j.butler@cqu.edu.au
GOOD LUCK !

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