units

LAW5153

Faculty of Law

18 September 2017 05 May 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Law
OfferedClayton Second semester 2014 (Day)

Synopsis

This unit will examine a range of advanced income tax, capital gains tax and goods and services tax issues relating to common business, property and commercial transactions. It will consider the structure of different kinds of business entities (eg partnerships, trusts and companies) and will examine how the tax law deals with business restructures, demergers, and takeovers. It will also examine a range of superannuation, fringe benefits, employee share scheme and other tax planning issues.

Outcomes

Upon completion of this unit students should have:

  1. an advanced knowledge of income tax law
  2. a reflective conception of fundamental taxation law concepts
  3. critical knowledge of the central concepts involved in the operation of the income tax system; (4) a critical awareness of the current tax mix in Australia
  4. an appreciation of the business contexts of taxation law
  5. the ability to enter and contribute to current debate about the policy issues in taxation
  6. an ability to evaluate new tax proposals critically
  7. developed skills of statutory interpretation in the context of technical and complex legislation.

Assessment

Examination (3 hours writing time plus 30 minutes reading and noting time): 100% OR Assignment (2500 words): 50% Examination (2 hours writing time plus 30 minutes reading and noting time): 50%

Chief examiner(s)

Professor Steven Barkoczy

Workload requirements

Three hours of lectures per week

Prerequisites

LAW1100 OR LAW1101 and LAW1102 or LAW1104

Co-requisites

LAW5152