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Corporate Tax A (LAWS70024)
Graduate coursework level 7Points: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
November
Lecturers
Mr Frank O'Loughlin, Coordinator
Mr Stewart Grieve
Mr Nasos Kaskani
Ms Mia Clarebrough
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability(Quotas apply) | November |
---|---|
Fees | Look up fees |
This subject will be delivered online in 2020 over the scheduled dates.
This core tax subject examines the policies, detailed rules and current practical problems involved in the taxation of companies and shareholders in Australia, particularly at shareholder level. The lecturers are leading practitioners and they will consider the tax rules that apply to shares, corporate distributions, Australia‘s imputation system and the debt-equity integrity rules.
This subject consists of a detailed examination of the tax rules applied to companies and shareholders in a domestic setting in Australia, with a focus on issues at the shareholder level.
Principal topics include:
- The policy and problems of taxing companies and shareholders
- Tax treatment of contributions of share capital and assets to a company
- Debt-equity classification
- The corporate shareholder imputation system
- Private company deemed dividends
- Franking credit and capital streaming and associated anti-avoidance rules
- Taxation of company distributions and dealings with interests in companies, including liquidations and share buybacks.
Intended learning outcomes
Participating in and successfully completing this subject will, through that participation, assist students in developing:
Thorough and sophisticated understandings of:
- The policies, detailed rules and current practical problems involved in the taxation of companies and shareholders, particularly at shareholder level
- The imputation system, shares and corporate distributions
- The debt-equity integrity rules
The skills to be able to:
- Research, examine, analyse, interpret and assess the effectiveness of these legal rules independently and critically
- Generate critical and creative ideas relating to taxation of companies and their shareholders
- Become an engaged participant in debate regarding the policies underlying Australia's corporate and shareholder taxation system
- Articulate and convey complex information regarding taxation of companies and their shareholders clearly
- Become an autonomous practitioner and learner in the field of corporate tax with expert judgment.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
Students who have completed any of the below subjects are not permitted to take LAWS70024 Corporate Tax A:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
LAWS90005 | Corporate Tax | Not available in 2024 |
12.5 |
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
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
November
Description | Timing | Percentage |
---|---|---|
Option 1: Take-home examination
| 15 - 18 January 2021 | 100% |
Option 2: Research paper on a topic approved by the subject coordinator
| 3 March 2021 | 100% |
Hurdle requirement: A minimum of 75% attendance. Not applicable to online delivery. | Throughout the teaching period | N/A |
Semester 2
Description | Timing | Percentage |
---|---|---|
Option 1, Part 1: Assignment
| 26 August | 30% |
Option 1, Part 2: Take-home examination
| 13 - 16 November | 70% |
Option 2: Research paper on a topic approved by the subject coordinator
| 18 November | 100% |
Hurdle requirement: A minimum of 75% attendance. Not applicable to online delivery. | Throughout the teaching period | N/A |
Additional details
Note: Students must choose assessment from the options listed above. If an option contains parts, all parts must be completed if that option is chosen.
Last updated: 3 November 2022
Quotas apply to this subject
Dates & times
- November
Principal coordinator Frank O'Loughlin Mode of delivery On Campus (Parkville) Contact hours 24-26 hours Total time commitment 150 hours Pre teaching start date 21 October 2020 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 and subject materials available on the LMS subject page. 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 18 November 2020 to 24 November 2020 Last self-enrol date 26 October 2020 Census date 20 November 2020 Last date to withdraw without fail 21 December 2020 Assessment period ends 18 January 2021 November contact information
Lecturers
Mr Frank O'Loughlin, Coordinator
Mr Stewart Grieve
Mr Nasos Kaskani
Ms Mia ClarebroughEmail: 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 materials will be made available free of charge from Melbourne Law School prior to the pre-teaching period.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commercial Law Course Graduate Diploma in Tax Course Graduate Diploma in Legal Studies Course Master of Tax Course Master of Laws - 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.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022