Handbook home
Tax of Collective Investment Funds (LAWS90265)
Graduate courseworkPoints: 6.25Not available in 2024
Overview
Fees | Look up fees |
---|
This taxation of collective investment vehicles is a topic of growing significance for Australian and international investment. Taught by leading experts from the profession, this intensive subject will present the law, practice and case studies on the taxation of collective investment vehicles. including widely held unit trusts and stapled corporate and trust structures, which are well established as vehicles for commercial property and infrastructure investments. The subject will address the regulatory and tax requirements for managed investment trusts (MITs), attribution managed investment trusts (AMITs) and the new corporate collective investment vehicle (CCIV) taxation regime introduced in 2022. Case studies will be used to engage learning and illustrate concepts in practice.
Principal topics will include the regulation and taxation of:
- Public unit trading and investment trusts (Division 6C of the Income Tax Assessment Act 1936);
- Stapled securities, combining a corporate and trust structure;
- Managed investment trusts (MITs) and attribution managed investment trusts (AMITs) (Div 275 of the Income Tax Assessment Act 1997)
- Corporate collective investment vehicles (CCIVs)
Intended learning outcomes
A student who has successfully completed this subject should be able to:
- Understand the core rules and policy for taxation of collective investment vehicles in Australia.
- Demonstrate in concise written form the ability to interpret and apply tax legislation, case law and administrative guidance on collective investment vehicles.
- Identify and explain in concise language the key legal and policy issues and challenges in the various tax regimes for collective investment vehicles in Australia.
- Advice on which collective investment vehicle is suitable for different asset classes and different types of Australian and international investor, from a tax perspective.
Generic skills
- Have the cognitive and technical skills to independently examine, research and analyse existing and emerging tax law and policy issues
- Have the written communication skills to convey complex information regarding the taxation of collective investment vehicles in Australia to specialist and non-specialist audiences
- Be able to demonstrate autonomy, expert judgment and responsibility as a practitioner or government official in this specialist taxation field.
- Be able to demonstrate the cognitive and technical skills to generate critical and creative ideas on the taxation of collective investment vehicles.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
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% |
Written paper including memorandum of advice
| 6 December 2023 | 90% |
Last updated: 31 January 2024
Quotas apply to this subject
Dates & times
Not available in 2024
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 during the pre-teaching period.
Last updated: 31 January 2024