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Tax of Superannuation B (LAWS90264)
Graduate courseworkPoints: 6.25Dual-Delivery (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
October
Bryce Figot (Coordinator)
Daniel Butler
Email: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
Overview
Availability(Quotas apply) | October - Dual-Delivery |
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Fees | Look up fees |
This compact, flexible dual delivery intensive subject is delivered by experts in the field. It is relevant for all superannuation funds, especially self managed superannuation funds (SMSFs), of which there are more than 600,000 in Australia. The subject examines the policies and technical rules for the regulation and taxation of SMSFs, with a focus on current practical problems for these funds that provide for the retirement of the majority of Australian small and medium business owners and people who seek to manage their own superannuation savings.
The subject will address a range of key taxation issues for SMSFs, including non-arm’s length income, and will examine retirement and succession planning for small and medium businesses and individuals regarding superannuation.
Principal topics:
- Introduction and overview of SMSFs, and core tax rules
- Topical tax issues in superannuation for SMSFs
- Retirement and succession planning for small and medium business owners regarding superannuation.
The subject is suitable for legal, accounting and financial advisers, and government officials, who are dealing with SMSFs in their professional practice. Taxation of Superannuation B follows from Taxation of Superannuation A, which covers core taxation, regulation and investment rules for superannuation, but may be taken by professionals with suitable professional experience who have not completed Taxation of Superannuation A.
Intended learning outcomes
On completion of this subject, students should be able to:
- Have an advanced and integrated understanding of the policies, technical rules and current practical problems involved in the taxation of self managed superannuation funds (SMSFs)
- Be able to identify and strategically plan to support small and medium business owners and individuals for retirement and succession involving superannuation
- Be able to identify the problems an SMSF might face in respect of taxation and investments, research and evaluate different solutions and come to a reasoned conclusion as to which solution might best address the problem
- Have the cognitive and technical skills to generate critical and creative ideas relating to the taxation of retirement incomes and SMSFs
- Be able to critically examine, analyse, interpret and assess the effectiveness of the rules for taxation of SMSFs
- Be an engaged participant in debate regarding emerging and contemporary policy and legal issues in the field.
Generic skills
- Have the cognitive and technical skills to independently examine, research and analyse existing and emerging tax issues
- Have the oral and written communication skills to clearly articulate and convey complex information regarding the taxation of superannuation regime in Australia to relevant specialist and non-specialist audiences
- Be able to demonstrate autonomy, expert judgment and responsibility as a practitioner and learner in the field of taxation of superannuation in Australia.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Knowledge of taxation and superannuation would be of assistance.
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Class participation | Throughout the teaching period | 10% |
Take-home examination
| 20 - 23 October 2023 | 90% |
Hurdle requirement: A minimum of 75% attendance. | Throughout the teaching period | N/A |
Last updated: 31 January 2024
Quotas apply to this subject
Dates & times
- October
Coordinator Bryce Figot Mode of delivery Dual-Delivery (Parkville) Contact hours Total time commitment 75 hours Pre teaching start date 6 September 2023 Pre teaching requirements Please 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 period 4 October 2023 to 6 October 2023 Last self-enrol date 11 September 2023 Census date 4 October 2023 Last date to withdraw without fail 6 October 2023 Assessment period ends 30 October 2023 October contact information
Bryce Figot (Coordinator)
Daniel ButlerEmail: law-masters@unimelb.edu.au
Phone: +61 3 8344 6190
Website: law.unimelb.edu.au
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
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: 31 January 2024
Further information
- Texts
Prescribed texts
Specialist materials will be made available via the LMS in the pre-teaching period.
- 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.
Last updated: 31 January 2024