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Taxation of Mergers and Acquisitions (LAWS70331)

Graduate coursework level 7Points: 12.5On Campus (Parkville)

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Overview

Availability(Quotas apply)
August
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This subject is designed for tax professionals and government officials who wish to complete or update their education in corporate tax law and practice. Coordinated and taught by some of Australia’s leading tax advisers, it is focused around a series of topical issues. Using a detailed analysis of these issues, it provides students with in-depth, commercially relevant knowledge of the tax rules for mergers and acquisitions of public and private companies and consolidated corporate groups.

Topics include the application of rollovers that benefit shareholders and companies engaged in takeovers and mergers, especially involving consolidated groups, as well as applicable tax integrity rules and recent and ongoing tax reform.

Principal topics include:

  • Corporate capital gains tax rollovers for mergers, acquisitions and disposals, including Divisions 124, 125, 126 and 615 of the Income Tax Assessment Act 1997 (Cth), in particular scrip for scrip, demerger and various corporate restructure rollovers
  • The interaction of tax rules relating to mergers, acquisitions and restructures with key elements of the tax rules for consolidated corporate groups in Part 3-90 of the Income Tax Assessment Act 1997 (Cth) including rules for tax cost setting on entry and exit, foreign-owned multiple entry consolidated groups, tax-sharing and payment, due diligence and corporate risk
  • The interaction of tax rules relating to mergers, acquisitions and disposal with the imputation system and corporate financing tax rules.

Intended learning outcomes

A student who has successfully completed this subject will:



  • Understand the detailed legal rules applicable in the taxation of corporate mergers and acquisitions, particularly as they apply to consolidated groups
  • Have a good knowledge of legal and tax structures used for corporate mergers and acquisitions in practice
  • Be aware of current problems and reforms in taxation of corporate mergers and acquisitions.

Last updated: 8 June 2021

Eligibility and requirements

Prerequisites

Melbourne Law Masters Students: Successful completion of either of the below subjects, or an equivalent subject, or significant professional tax experience:

Code Name Teaching period Credit Points
LAWS70024 Corporate Tax A
April
Semester 2
 12.5
LAWS70008 Corporate Tax B 12.5

JD Students (Not available to JD students in 2020) Successful completion of the below subject:

Code Name Teaching period Credit Points
LAWS50046 Taxation Law and Policy
Semester 1
 12.5

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: 8 June 2021

Assessment

DescriptionTimingPercentage

Assignment

  • 3,000 words
15 September 202130%

Take-home examination

  • 5,000-6,000 words
22-25 October 202170%
Hurdle requirement: A minimum of 75% attendance. Note: the attendance hurdle does not apply when the subject is delivered online.Throughout the teaching periodN/A

Last updated: 8 June 2021

Quotas apply to this subject

Dates & times

  • August
    CoordinatorAldrin De Zilva De Zilva
    Mode of deliveryOn Campus (Parkville)
    Contact hours
    Total time commitment150 hours
    Pre teaching start date21 July 2021
    Pre teaching requirementsPlease refer to the Reading Guide on the LMS subject page for confirmation of which resources need to be read and what other preparation is required before the teaching period commences.
    Teaching period18 August 2021 to 24 August 2021
    Last self-enrol date26 July 2021
    Census date20 August 2021
    Last date to withdraw without fail17 September 2021
    Assessment period ends25 October 2021

    August contact information

    Lecturers

    Aldrin De Zilva, Coordinator
    Michael Charles

    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 in' basis. Waitlists are maintained for subjects that are fully subscribed.

Students should note priority of waitlisted 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.

Melbourne Law School may reserve places in a subject for incoming international cohorts or where a subject is core to a specialisation with limited alternate options.

Last updated: 8 June 2021

Further information

  • Texts

    Prescribed texts

    Specialist materials will be made available via the LMS in the pre-teaching period.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseGraduate Diploma in Legal Studies
    CourseMaster of Laws
    CourseMaster of Commercial Law
    CourseGraduate Diploma in Tax
    CourseMaster of Tax
  • Links to additional information

    law.unimelb.edu.au

  • 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: 8 June 2021