LAW5350 Principles of taxation
Faculty of Law
LAW5350 Principles of taxation is a level 5, 6-credit-point, postgraduate unit from the Faculty of Law, offered in 2023 in Semester 1 at Monash Law Chambers. It has no prerequisites.
- Credit points
- 6
- Offered in 2023
- Semester 1
- Monash Law Chambers
- Assessment
- Exam 60%
- and 1 other task
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before LAW5350
No prerequisites or corequisites besides the enrolment rules below.
After LAW5350
No unit lists LAW5350 as a prerequisite in the 2023 handbook.
Enrolment rules
For Legal Studies students (L4004, L5004, L6013) you must have completed LAW5000 or LAW5081
and
For Juris Doctor (L6005) students, you must have completed 72 credit points of study.
Overview
The unit examines key aspects of the Commonwealth tax system. It introduces taxation theory and policy and the constitutional and administrative framework within which the federal tax system operates. The unit examines: goods and services tax, income tax and deductions, capital gains tax, corporate and shareholder taxation, and the taxation of superannuation contributions and investments. The unit focuses on the practical application of the taxation law to common commercial transactions.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Monash Law Chambers | On campus |
| Term 4 | Monash Law Chambers | On campus |
Assessment
- Written assignmentAssignment40%
- Take-home ExamTake home exam60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
Demonstrate understanding of the important role and impact of taxation law in structuring common commercial transactions, as well as the fundamental policies and concepts that underpin the Australian federal taxation system.
- 2
Identify and prioritise the operation of a number of important taxation provisions and regimes in order to calculate income tax, goods and services tax and other tax liabilities.
- 3
Evaluate fundamental taxation policies and concepts within a theoretical and practical framework in order to make reasoned and appropriate choices on the alternative tax outcomes of common commercial transactions.
- 4
Apply statutory interpretation principles to judicial decisions in order to determine the meaning of complex taxation legislation.
- 5
Exercise advanced and integrated professional judgment to evaluate practical considerations arising under the taxation law and communicate these effectively to clients.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
24 contact hours per semester (either intensive, semi-intensive or semester long, depending on the Faculty resources, timetabling and requirements). Students will be expected to do reading set for class, and to undertake additional research and reading applicable to a 6 credit point unit.
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.
Where it fits
LAW5350 is part of 2 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Ms Mei-Ling Barkoczy
Common questions
What are the prerequisites for LAW5350?
LAW5350 has no prerequisites, but enrolment rules apply.
When is LAW5350 offered?
In 2023, LAW5350 runs in Semester 1 at Monash Law Chambers.
Does LAW5350 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include LAW5350?
LAW5350 is part of Commercial and corporate law; and Public sector governance and regulation.