Recent Question/Assignment

TAXATION LAW THOMAS MORE LAW SCHOOL SEMESTER 2, 2018
INSTRUCTIONS:
Students are reminded that there are two assignments in LEGL300. This is the first assignment, being an individual assignment of 20 marks.
All assignments must be typed in Arial, size 11, 1½ spacing, justified (align to both left and right), have the standard cover sheet and be signed by the student(s) stating that the work is original. While referencing sources used for this assignment, you must follow the Australian Guide to Legal Citation (AGLC) (the footnote system).
The maximum length for this assignment is 1,000 words.
Students must submit this assignment via Turnitin no later than Saturday, 01/9/2018 (week 5) at 11:59pm. Penalties will be imposed for late submission without prior permission.
In June 2015 Tom had signed an agreement in Sydney with XYZ Ltd to act as the company’s plantation manager in Brunei until June 2017. At the time of signing the agreement, Tom was advised that it was possible that at the end of his two year contract the company would offer him a one year extension. Tom advised the company, at the time of signing, that he had no definite view of accepting or rejecting the possible extension but would consider it at the end of his two year posting. He rented his house in Sydney for two years. He arrived in Brunei on 1 July 2015. He and his family resided in a large house they leased near the plantation, which was provided as part of his employment package. His younger daughter Mary, aged 9, accompanied him and his wife to live in Brunei, where she attended boarding school. His older married daughter Anne, aged 23, remained in Australia with her husband. While in Brunei, Tom and his wife joined the local bridge and golf club. He also rented a holiday apartment at a nearby beach resort for two years. During the time the family was in Brunei, his wife took a part-time job teaching English.
In June 2017, Tom was offered a one year extension of his contract, but decided to reject it and returned to Sydney on 20 June 2017. While in Brunei, the rent from his house in Sydney was paid into his interest earning Australian bank account, which he accessed using his Australian credit card. His salary was paid into an interest earning bank account that he had opened in Brunei. He drew upon his Brunei bank account from time to time at local ATMs in Brunei.
REQUIRED:
Advise Tom of the Australian taxation issues arising from the above fact situation. Reference should be made to appropriate legislation, case law and rulings. Calculations are not required.
Note: Australia does not have an International Double Tax Agreements with Brunei and students are not required to discuss the operation of Brunei taxation law.
Details of this assignment will be discussed in week 2 and/or week 3.

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