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Postgraduate Handbook

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Taxation of Corporate Finance - ATAX0407
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Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Postgraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Restricted to students enrolled in Programs 9250 or 9255 or 9260 or 9270
 
 
Excluded: ATAX0307, ATAX0507
 
 
Fee Band: 1 (more info)
 
 
Further Information: See Class Timetable
 
 

Description

In this course you will be exposed to corporate finance concepts, as well as an in-depth examination of core tax law issues in the area, such as debt financing and timing. The course is based on a problem centred approach. The analysis of hard rules will be supplemented by exposure, in the context of practical problems, to some of the hard underlying questions which are, increasingly, on the agenda. The course will encourage you to exercise your critical faculties and to penetrate the key drivers.


Recommended Prior Knowledge

None

Course Objectives

The objectives of the course are to equip you, as a tax professional, with the necessary skills to analyse, and advise, concerning the taxation treatment of a range of financial products and structures. Because many of the existing rules are inappropriate, the course sets up an analytical framework from which a reasoned and efficient response to innovative products may be developed. An understanding of the financial framework in which the rules operate is vital to your understanding of the tax issues, and the course integrates this material with more traditional legal sources to produce a 'law in context' understanding of this critical taxation area.

Main Topics

  • The fundamentals
  • The characterisation of debt and equity instruments
  • Tax on debt: Deduction issues and Taxation of Financial Arrangements
  • Leasing and hire purchase: asset and project financing
  • Structured financial products

Assessment

1 Research Paper
1 Exam

Course Texts

Prescribed
There are no prescribed textbooks for this course, however you must purchase or have access to the following publications:

  • Income Tax Assessment Act 1936
  • Income Tax Assessment Act 1997
The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:
  • Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
  • Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
  • Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp
Recommended
  • Cashmere M, Tax and Corporate Financing into the New Millennium (Sydney: CCH Australia Limited, 1999)
  • Deutsch B & Rumble T, Innovative Financial Products (Sydney: Prospect Publishing, 1996)

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.