TAXATION LAW 13 Taxation Law Name of the University Author

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

1TAXATION LAW
Table of Contents
Part A:........................................................................................................................................2
Answer to question 1:.................................................................................................................2
Answer to question 2:.................................................................................................................2
Answer to question 3:.................................................................................................................2
Answer to question 4:.................................................................................................................3
Answer to question 5:.................................................................................................................3
Answer to question 6:.................................................................................................................3
Answer to question 7:.................................................................................................................4
Answer to question 8:.................................................................................................................4
Answer to question 9:.................................................................................................................5
Answer to question 10:...............................................................................................................5
Part B:.........................................................................................................................................5
Answer to Part C:.......................................................................................................................6
Answer to Part D:.......................................................................................................................8
Answer to Part E:.......................................................................................................................9
Reference List:.........................................................................................................................12

2TAXATION LAW
Part A:
Answer to question 1:
As per the constitutions of Australia the main sources of commonwealth parliament
power of taxation is derived from the sections 51(ii), 53, 55, 90 and 96. As stated in Section
51(ii) of Australian Constitution, parliament has the power of making laws in regard to the
taxation (Pinto, 2011). Subject to the provision the laws does not create discrimination
between the states or the parts of the states.
Answer to question 2:
Primary source refers to the written documentations that sets out the law. Primary
sources comprises of the case laws from court decision, or by laws that is created by the
statutory body (Woellner et al., 2016). These primary sources are derived from the
institutions or body that created the law and the institutions is responsible for the single
authoritative written record of that law. In Australia case laws forms the second source of tax
for interpreting the legislation such as court judgement, tribunals etc. The taxation rulings
form the third source of taxation defined by the commissioner of taxation.
Answer to question 3:
The taxation ruling of TR 98/17 is concerned with the interpretation of the ordinary
meaning of the word resides within the definition of the resident defined under subsection 6
(1) of the Income Tax Assessment Act 1936 (Barkoczy, 2016).
The ruling is applicable to the most individuals that are entering Australia including;
a. Migrants entering in Australia

3TAXATION LAW
b. Academics teaching or studying in Australia
c. Visitors that are on holiday; and
d. Workers having pre-arranged employment contracts
Answer to question 4:
Medicare Levy and Medicare Levy Surcharge or any reductions are computed from
the information that is provided in the tax return (Snape & De Souza, 2016). The Medicare
levy calculations enable an individual to compute the Medicare Levy for the past four income
years by taking into the considerations any entitlement to the reduction or exemption. An
individual tax payer is required to pay an Medicare levy at the rate of 2 per cent to partially
fund for their health care access.
Answer to question 5:
As stated under the Schedule 2 of the Competition and Consumer Act 2010, any kind
of misconduct, which is descriptive or artificial, will be excluded in Section 18 of the
Australian Consumer Law. Prevention of deceptive and artificial demeanour of fiscal service
is stated under the Section 12DA of the Australian Securities and Investment Commission
Act 2001. The main objective of these principles is to provide protection and security to the
customers from being misguided of the misleading trade practices (Braithwaite, 2017).
Answer to question 6:
As it has been defined under the Section 25-45 of the ITAA 1997, it deals with the loss
that originates from the theft (Cao et al., 2015). The section evidently lay down the treatment
of loss concerning the loss of money which shall not be regarded for deductions;
a. If a person ascertains the loss in the income year