Corporate Tax A (LAWS70024)

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

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Overview

Availability(Quotas apply)
Semester 1 - Online
November - On Campus
FeesLook up fees

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: 8 November 2024

Eligibility and requirements

Prerequisites

Admission into a relevant Melbourne Law Masters program

Corequisites

None

Non-allowed subjects

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: 8 November 2024

Assessment

November

DescriptionTimingPercentage

Option 1: Take-home examination

  • 6000 words
10 - 13 January 2025100%

Option 2: Research paper on a topic approved by the subject coordinator

  • 6000 words
29 January 2025100%
Hurdle requirement: A minimum of 75% attendance is required.Throughout the teaching periodN/A

Semester 1

DescriptionTimingPercentage

Option 1, Part 1: Assignment

  • 1500 words
27 March 202420%

Option 1, Part 2: Take-home examination

  • 4500 words
14 - 17 June 202480%

Option 2: Research paper on a topic approved by the subject coordinator

  • 6000 words
19 June 2024100%
Hurdle requirement: A minimum of 75% attendance is required.Throughout the teaching periodN/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: 8 November 2024

Quotas apply to this subject

Dates & times

  • Semester 1 - Online
    Principal coordinatorFrank O'Loughlin
    CoordinatorsMia Clarebrough, Stewart Grieve, and Nasos Kaskani
    Mode of deliveryOnline
    Contact hours24-26 hours
    Total time commitment150 hours
    Teaching period26 February 2024 to 26 May 2024
    Last self-enrol date 8 March 2024
    Census date 3 April 2024
    Last date to withdraw without fail 3 May 2024
    Assessment period ends21 June 2024

    Semester 1 contact information

    Lecturers

    Frank O'Loughlin (Coordinator)
    Mia Clarebrough
    Stewart Grieve
    Nasos Kaskani

    Email: law-masters@unimelb.edu.au
    Phone: 13 MELB (13 6352), International: +(61 3) 9035 5511
    Website: law.unimelb.edu.au

  • November - On Campus
    Principal coordinatorFrank O'Loughlin
    CoordinatorsStewart Grieve, Nasos Kaskani, and Mia Clarebrough
    Mode of deliveryOn Campus (Parkville)
    Contact hours
    Total time commitment150 hours
    Pre teaching start date16 October 2024
    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 period13 November 2024 to 19 November 2024
    Last self-enrol date21 October 2024
    Census date14 November 2024
    Last date to withdraw without fail20 December 2024
    Assessment period ends29 January 2025

    November contact information

    Lecturers

    Frank O'Loughlin (Coordinator)
    Mia Clarebrough
    Stewart Grieve
    Nasos Kaskani

    Email: law-masters@unimelb.edu.au
    Phone: 13 MELB (13 6352), International: +(61 3) 9035 5511
    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: 8 November 2024

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
    CourseMaster of Laws
    CourseMaster of Commercial Law
    CourseMaster of Tax
    CourseGraduate Diploma in 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.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    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-masters@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 November 2024