UnitLevel 4Undergraduate

LAW4671 Private investment law

Faculty of Law

LAW4671 Private investment law is a level 4, 6-credit-point, undergraduate unit from the Faculty of Law, offered in 2025 in Semester 1 at Clayton. It has no prerequisites.

Credit points
6
Offered in 2025
Semester 1
Clayton
Assessment
Exam 50%
and 1 other task

This is the 2025 handbook entry. See the 2027 entry.

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Requisites

Before LAW4671

Prohibitions

You can't enrol if you have passed any of these.

After LAW4671

No unit lists LAW4671 as a prerequisite in the 2025 handbook.

Enrolment rules

You must have completed at least 60 credit points of law study

Equivalent units

The same content under another code. Only one of them counts.

Overview

This unit discusses the nature and operation of private investment law in Australia. It examines how Australia's legal and taxation systems deal with venture capital and private equity investment. It also examines how the venture capital and private equity industries operate in Australia and in various jurisdictions around the world and how private investments funds are structured. It focuses on the taxation treatment that applies to such investment and discusses relevant capital raising and other regulatory matters, including crowd source funding. It also examines international aspects of private investment law and compares Australia's regulatory and tax rules to those of selected foreign jurisdictions. A range of government tax and other incentives that encourage investors to commit capital to innovative start-up companies are also analysed, along with some incentives that reward these high-growth companies undertake innovative activities such as research and development (R&D). 

The following topics will be covered in the unit:

  • An introduction to the operation and nature of private investment law and how the tax system deals with private investments;
  • The role of start-up companies and venture capital investment in a country's innovation system;
  • Stages of venture capital and private equity investment (i.e., seed, start-up, early expansion, growth, mezzanine, distressed buyouts, etc);
  • Making and exiting investments in start-up and early stage companies (including IPOs, trade sales, management buyouts, leveraged buyouts and share buybacks);
  • The structure and operation of venture capital, private equity, fund of funds and other collective investment vehicles and their treatment under the taxation law;
  • Capital raising issues confronting high-growth start-ups, including crowd funding issues;
  • The role of Australia's employee share scheme regime in supporting innovative start-ups;
  • Government programs aimed at encouraging venture capital and private equity investment in Australia, including the Pooled Development Funds, Venture Capital Limited Partnership, Early Stage Venture Capital Limited Partnership and Innovation Investment Fund programs;
  • Australia's R&D Tax Incentive program and R&D and commercialisation grant programs; and
  • International programs aimed at stimulating venture capital and private equity investment, and a comparison of these programs with those operating in Australia.

Offerings in 2025

Teaching periodCampusMode
First semesterClaytonOn campus

Assessment

  • Research paperWritten
    50%
  • Take home examExamination
    50%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    Demonstrate a comprehensive knowledge of the nature of venture capital and private equity investment law in both Australia and overseas;

  2. 2

    Apply the fundamental principles underpinning the regulation and taxation of venture capital and private equity investment to practical scenarios;

  3. 3

    Explain how a range of different private investment funds are structured;

  4. 4

    Outline the policy intent, operation and effect of Australia's Government programs that incentivise venture capital and other forms of investment in innovative companies; and

  5. 5

    Compare and contrast Australia's private investment and taxation rules with those of certain other foreign jurisdictions.

Workload and teaching

  • Seminars36 hours
  • Teaching approachActive learning

Students will be required to attend 36 hours of seminars, and undertake approximately an additional 108 hours of private study, including reading, class preparation, assignment preparation and revision time over the duration of the course.

Learning resources

Required resources

See the Moodle unit page for prescribed and recommended resources. Prescribed texts are usually available for purchase through the University Bookstore and are sometimes available for short-term loan or as eBooks through the library.

Contacts

Chief Examiners
Professor Stephen Barkoczy

Common questions

What are the prerequisites for LAW4671?

LAW4671 has no prerequisites, but enrolment rules apply.

When is LAW4671 offered?

In 2025, LAW4671 runs in Semester 1 at Clayton.

Does LAW4671 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 1 other task.

More details

Credit points
6
Level
4
Study level
Undergraduate
Faculty
Faculty of Law
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Available