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Tax of Business and Investment Income (LAWS70002)
Graduate coursework level 7Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
February
Lecturers
Semester 1 Full-length semester subject:
Ms Michelle Herring, Coordinator
Mr Tim Neilson
Semester 1 Intensive subject:
Mr Gareth Redenbach, Coordinator
Mr Ed Consett
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
April
Lecturers
Semester 1 Full-length semester subject:
Ms Michelle Herring, Coordinator
Mr Tim Neilson
Semester 1 Intensive subject:
Mr Gareth Redenbach, Coordinator
Mr Ed Consett
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Overview
Availability(Quotas apply) | February April |
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Fees | Look up fees |
This core tax subject is designed to explore in detail the fundamental principles of income tax, fringe benefits tax and capital gains tax in relation to business and investment. It will provide the requisite skills and knowledge to identify and better deal with income tax problems that arise in practice and in other tax subjects. The lecturers are leading practitioners or academics with extensive experience in the field.
Principal topics include:
- The structure of the Australian income tax system
- The structure of the legislation, interaction mechanisms and derivation
- Multi-step transactions
- Deferred payments
- Expense characterisation and calculation of cost
- Valuation and conditions of employment
- Reimbursements and apportionment of deductions
- Capital gains tax: dissecting receipts and part disposals
- Deemed disposals
- Capital allowances and cost-base write-down
- Creation of liabilities
- Reimbursement and recovery of expenses.
Intended learning outcomes
A student who has successfully completed this subject will:
- Have an advanced and integrated understanding of the core rules of the Australian taxation system, with a focus upon the federal income tax and fringe benefits tax
- Be able to critically examine, analyse, interpret and assess the effectiveness of these legal rules and the underlying structural, institutional and policy influences
- Have a sophisticated appreciation of tax system design principles, and in particular the application of those principles to the taxation of income
- Be an engaged participant in debate regarding emerging and contemporary issues in the field
- Have the cognitive and technical skills to generate critical and creative ideas relating to taxation of business and investment income
- Have the communication skills to clearly articulate and convey complex information regarding the Australian income tax rules to relevant specialist and non-specialist audiences
- Be able demonstrate autonomy, expert judgment and responsibility as a practitioner and learner in the field of income taxation.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Applicants without legal qualifications should note that subjects are offered in the discipline of law at an advanced graduate level. While every effort will be made to meet the needs of students trained in other fields, concessions will not be made in the general level of instruction or assessment. Most subjects assume the knowledge usually acquired in a degree in law (LLB, JD or equivalent). Applicants should note that admission to some subjects in the Melbourne Law Masters will be dependent upon the individual applicant’s educational background and professional experience.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
Assignment (2,500 words) (30%)
- Semester 1: Due on various dates according to topic allocated to student
- Intensive: Due for submission on 18 April
And
Take-home examination (4,000 words) (70%)
- Semester 1: 22 - 25 June
- Intensive: 18 - 21 May
Or (Intensive offering only)
Take-home examination (5,500 words) (100%) (18 - 21 May)
A minimum of 75% attendance is a hurdle requirement.
Last updated: 3 November 2022
Quotas apply to this subject
Dates & times
- February
Principal coordinator Michelle Herring Mode of delivery On Campus (Parkville) Contact hours 24-26 hours Total time commitment 150 hours Teaching period 26 February 2018 to 27 May 2018 Last self-enrol date 8 December 2017 Census date 31 March 2018 Last date to withdraw without fail 18 May 2018 Assessment period ends 25 June 2018 February contact information
Lecturers
Semester 1 Full-length semester subject:
Ms Michelle Herring, Coordinator
Mr Tim NeilsonSemester 1 Intensive subject:
Mr Gareth Redenbach, Coordinator
Mr Ed Consett
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au - April
Mode of delivery On Campus (Parkville) Contact hours 24-34 hours Total time commitment 150 hours Pre teaching start date 7 March 2018 Pre teaching requirements The pre-teaching period commences four weeks before the subject commencement date. From this time, students are expected to access and review the Reading Guide that will be available from the LMS subject page and the subject materials provided by the subject coordinator, which will be available from Melbourne Law School. Refer to the Reading Guide for confirmation of which resources need to be read and what other preparation is required before the teaching period commences. Teaching period 4 April 2018 to 10 April 2018 Last self-enrol date 31 October 2017 Census date 4 April 2018 Last date to withdraw without fail 27 April 2018 Assessment period ends 21 May 2018 April contact information
Lecturers
Semester 1 Full-length semester subject:
Ms Michelle Herring, Coordinator
Mr Tim NeilsonSemester 1 Intensive subject:
Mr Gareth Redenbach, Coordinator
Mr Ed Consett
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Additional delivery details
This subject has a quota of 30 students.
Enrolment is on a first come, first served basis. Waitlists are maintained for subjects that are fully subscribed.
Students should note priority of places in subjects will be given as follows:
- To currently enrolled Graduate Diploma and Masters students with a satisfactory record in their degree
- To other students enrolling on a single subject basis, eg Community Access Program (CAP) students, cross-institutional study and cross-faculty study.
Please refer to the Melbourne Law Masters website for further information about the management of subject quotas and waitlists.
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
Specialist printed materials will be made available free of charge from the Melbourne Law School prior to the pre-teaching period.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Graduate Diploma in Legal Studies Course Graduate Diploma in Tax Course Master of Commercial Law Course Master of Laws Course Master of Tax - Links to additional information
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Additional information for this subject
If required, please contact law-admissions@unimelb.edu.au for subject coordinator approval.
Last updated: 3 November 2022