Subjects 2009
State Taxes and Duties 730754
- Credited Courses: Graduate Diploma in Corporations and Securities Law 538; Graduate Diploma in Corporations and Securities Law 538; Graduate Diploma in Legal Studies L08; Graduate Diploma in Tax 187; Graduate Diploma in Tax 187; Master of Commercial Law 504; Master of Commercial Law 504; Master of Laws (LLM) 502; Master of Laws (LLM) 502; Master of Tax 742; Master of Tax 742
Objectives
This subject will consider in detail the operation of various state taxes and duties, in particular:
- Stamp duties
- Land tax
- Payroll tax and workers’ compensation levies.
A student who has successfully completed this subject should have:
- An advanced understanding of the structure and practical operation of various state taxes and duties, including in particular:
- The operation of stamp duties legislation on conveyances, transfers, leases and other business and commercial transactions
- The structure of land tax and its implications for different land-holding structures
- The structure of the payroll tax and workers’ compensation levies and their implications for different labour arrangements.
Syllabus
Principal topics will include:
- Detailed analysis of the new ‘uniform’ stamp duties legislation adopted in Victoria and various other jurisdictions
- Consideration of stamp duty liabilities on various business and commercial transactions
- Comparison to the ‘old style’ stamp duty legislation retained in other jurisdictions
- Consideration of Victorian land tax and comparison to the position in other jurisdictions
- Consideration of Victorian payroll tax and workers’ compensation levies, and comparison to the position in other jurisdictions.
