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The choice of legal entity or business structure - such as company, trust or partnership - has a big impact on taxation. Identifying the legal, regulatory and tax implications of each structure is essential. This subject provides a detailed knowledge of the law which shapes the rights and obligations of clients.

There are many types of business structures and entities available in Australia. Each one has a distinct impact on the licenses needed, the amount of control, potential personal liability and tax.

It’s important for you to understand, and advise clients on, the implications of the entity they choose. This subject will help you develop and present skilled analysis of business structure choices.

CommLaw2 includes regulatory issues concerning superannuation (other than tax-related), bankruptcy and insolvency. Importantly, it also examines instances where commercial law and the taxation treatment converge.

Scroll to bottom of page for more information on:

  • Entry requirements and learning outcomes
  • Modules, study modes and assessment
  • Recognition
  • Your tax professional instructor
  • Timetable
  • Fees
Subject Code: ATL005
Credit points: 6
CPD: 30 hours
Cost: $1,690
Delivery: distance learning
Study Length: 12 weeks
Study Per Week: 10 hours
Level: Introductory
Study Periods: 3 per year

1300 829 338

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Elective subject in the Graduate Diploma of Applied Tax Law

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Complete the TPB approved Course in Commercial Law

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Gain skills that are directly applicable to the workplace

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Complete the form with your details to receive an email with expanded program overviews and exclusive sample learning materials.

 

Entry requirements and learning outcomes

ATL005 CommLaw2 Entities and Business Structures identifies the tax impacts of a diverse range of commercial transactions which relates to the law of entities (including partnerships, corporations and trusts).

Who is this for?

  • associate lawyer
  • certified financial planner
  • corporate tax accountant
  • lecturer or tutor
  • registered tax agents who wish to meet licence requirements
  • tax and financial advisers
  • tax manager.

Entry requirements

  •  To enrol in CommLaw2, you’ll need to: 
    • meet English language requirements if your 6 years of high school learning were not conducted in English 

Learning outcomes

On completion of ATL005 CommLaw2 Entities and Business Structures you will be able to, but not limited to, understand the legal concepts of business structures when advising on the legal concepts of business organisational structures and their underlying regulations.

Modules, study modes and assessment

Modules

  • business structures: sole traders, partnerships and corporations
  • trusts, agencies, joint ventures and incorporated associations
  • superannuation: non-tax legal aspects
  • bankruptcy and insolvency: place in Australian commercial law

Modes of study

Distance learning

A flexible learning approach using an online learning platform supported by pre-recorded webinars and email support with a subject matter expert.

Assessment-only study 

Assessment-only study allows candidates to accelerate their studies by progressing directly to the assessments for the subject based on prior study, qualifications and experience. 

Candidates will only recieve access to past exam papers and online checkpoint tests prior to the exam. 

Enrolment inclusions

Resources made available to a candidate (excluding assessment-only study) are:

  • access to an online learning portal
  • study materials (soft copy)
  • access to Legal Research and Reasoning Course
  • access to CCH recommended readings
  • recorded webinars
  • online checkpoint tests
  • past exam papers (where applicable)
  • access to a subject convenor for technical questions
  • assessment preparation resources
  • research skills webinar
  • support from trained subject coordinators.

Assessment structure

Assessment taskPass markWeighting
Online module quizzes 50% 40%
Exam 50% 60%

Please note that all assessment tasks must be passed in order to complete the subject.

Recognition of prior learning and advanced standing

Recognition of prior learning (RPL) 

RPL is a process for providing candidates credit for learning or qualifications completed before your enrolment with The Tax Institute Higher Education. 

To apply for RPL (fee $165), please complete the RPL form. Evidence of your qualifications will need to be provided with this application. 

 

Advanced standing 

Advanced standing is a process of transferring credits from subjects you have previously completed with The Tax Institute and The Tax Institute Higher Education. To apply for advanced standing (no fee applies), please complete the advanced standing form. 

Timetable

Timetable

Call us at 1300 TAX EDU (1300 829 338) or email us.

Fees

ATL005 CommLaw2 Entities and Business Structures
 
Subject fee: $1,690
 

View our education policies

1. This subject does not attract GST.

2. Applies per subject if enrolling before the early bird close date (except for assessment only study mode and CTA1 Foundations Intensive SP1 and SP2). Please note: Key dates and fees are subject to change without notice.

3. All Tax Institute Higher Education candidates are eligible to receive Education Membership of The Tax Institute for $199 (valued at $509) upon enrolment until 30 June in the subsequent calendar year. Member fees attract GST and price quoted is inclusive of GST.