(https://policies.latrobe.edu.au/document/view.php?id=148).

Referencing and assignment format: Given this assignment is a report style format, there is no requirement for referencing to advise the source of any materials. Your research of the law will be reflected in your answers. A model solution of a previous assignment has been made available so students clearly understand the format of the assignment that must be followed. The format for this assignment is report style in a table of 3 columns addressing,
1) the broad issue,
2) discussion of the issue, identifying the relevant statute / common law and explaining how the tax law applies to the facts, that clarifies the treatment of the issue for tax purposes, and
3) importantly, calculate the correct amount.

Assessment criteria: Assignments will be assessed against the SILOs for the assessment. Assignments will be assessed based on objective demonstration of the following, when working as a team:
1) Engagement of critical thinking and interpretation skills to correctly identify the issues to be analysed in the case study.
2) Application of critical thinking, interpretation and analytical skills of tax law / case law to develop a meaningful analysis of the issues identified.
3) Correct application of tax law / case law to calculate tax liability relevant to the tax entity. Calculations must be explained / supported by applicable law.

Sample Solution