Business law and tax study area guide 2015

The backbone of business and taxation is the law

Business law and taxation

business.monash.edu

In my first year I really enjoyed both the commercial law and microeconomics units and wanted to explore them further. A major in Business Law allows me to explore my interest in international trade while also understanding the legal frameworks behind how our economy, and the businesses within it, works. Sonia Sadrani Bachelor of Business. Majors: Business Law and Economics

Business law influences commercial transactions and marketing processes, and it governs those engaged in companies, partnerships, sole traders and trusts. It is also at the frontier of developments in e-commerce as established rules are adapted to cover activities in the online world.

Professionals who have studied business law and taxation deal with the business implications of national and state laws relating to areas such as contracts, trade practices, employment and consumer and creditor protection, as well as commercial, workplace, international relations and taxation law.

By studying business law or taxation units in your business degree, you will gain a competitive edge in the job market. You will develop specialised legal and taxation knowledge which will enable you to manage the legal risks and taxation challenges encountered by businesses every day.

Careers in Business Law and TaxationBusiness law and taxation are dynamic areas of study that open up a unique range of career options.

Our graduates work all over the world in professional practice, industry, politics and for government regulators. The expertise gained by studying business law or taxation units can be used in a variety of careers, and many students go on to become accountants, business and finance advisers, business consultants, compliance managers, human resources professionals or tax advisers.

Our graduates have also pursued roles as administrators for commercial law firms, trade practice compliance officers for large retail chains and business analysts within the banking sector.

Please note that these studies do not qualify you to practise as a barrister or solicitor.

If you’re interested in Business Law or Taxation you can study:

Bachelor of Business (major in Business Law)

Bachelor of Business (major in Taxation)

Why study business law or taxation?The law is the backbone of every business operation. To succeed in modern business it is essential to understand legal risks, develop risk management strategies and comply with laws and regulations. The wrong business decision can attract significant legal consequences.

Studies in Business Law or Taxation

Monash Business School is an excellent place to study business law or taxation.

Our academics are nationally and internationally recognised experts in their fields, and regularly address contemporary issues in business regulation. They work with organisations including the International Labour Organisation, Australian Taxation Office, the United Nations Development Programme, the UN Commission on International Trade Law and the Asian Development Bank.

This expertise ensures that your education is focused on the latest developments in business regulation.

Business law and taxation units are taught using a ‘law for business’ approach, which is tailored to the needs of contemporary organisations. They will provide you with essential workplace skills such as problem solving, communication and teamwork, as well as providing you with specialised

legal knowledge that is relevant to the challenges encountered in business today.

You will graduate equipped with the knowledge and skills you need to identify and mitigate legal risks in different business contexts and ultimately make sound business decisions.

A world of opportunity

Problem Solving

Critical thinking

Communication

Teamwork

Commercial Law

Workplace Law

Banking and Finance Law

Corporations Law

Taxation

International Business Law

Graduate with a business degree that gives you competitive

advantage in the workplace

A major in Business Law

or Taxation

Gain the skills to succeed in business

Develop key knowledge to make an impact in your

organisation

Where can business law take you?

You can tailor your business law or taxation major to your individual career goals by choosing from our extensive range of units across commercial law, workplace law, taxation and international business law.

Did you know?

Business Law or Taxation study optionsLaw is a critical aspect of all areas of business, and business decision makers need to have an awareness of the law, regardless of their role.

Area of study Related business law unit

Accounting or Economics

Banking Law

Business / Commercial Law

Chinese Taxation Law

Corporate Crime

Corporations Law

Insolvency

Stock Exchange and Derivatives

Taxation Law

Research Project in Business Law and Taxation

Banking and Finance

Banking Law

Business / Commercial Law

Business Taxation

Corporations Law

Insolvency

Stock Exchange and Derivatives

Taxation Law

Research Project in Business Law and Taxation

Area of study Related business law unit

International Business Business / Commercial Law

Chinese Taxation Law

International Trade Law

Sustainability Regulation for Business

Research Project in Business Law and Taxation

Management / Human Resources

Business / Commercial Law

Corporate Crime

Corporations Law

Employment Law

Sustainability Regulation for Business

Research Project in Business Law and Taxation

Marketing Business / Commercial Law

Marketing Law

Sustainability Regulation for Business

Research Project in Business Law and Taxation

Sustainability Business / Commercial Law

Sustainability Regulation for Business

Research Project in Business Law and Taxation

Areas of study and related units

At Monash Business School you can study business law or taxation as a major in the Bachelor of Business; however you can also study business law or taxation units as a second major,

or as electives, even if you’re studying a major in a different business discipline.

Business law subjects complement a range of different areas.

Did you know many of our business law and taxation units are recognised by various professional bodies*? These include:

— Institute of Chartered Accountants

— CPA Australia

— Tax Practitioners’ Board.

Visit our website business.monash.edu for more information *Subject to unit selection.

Professional recognition

For more information visit our website business.monash.edu

“I want to pursue a career as a tax specialist, and my Business Law major has given me a really good insight into the legal side of business management and the legal requirements for business. The case studies within the major are always really interesting and the units touch on all aspects of business law, from commercial law to taxation and international trade.”

“Studying a double business degree in Accounting and Banking and Finance opened up the opportunity to study a third major in Business Law. The academics from the Department of Business Law and Taxation deliver a perfect mix between teaching students legal principles and arming them with the knowledge to solve real-life legal and business problems in a corporate environment. By focusing on a problem-solving approach for coursework and combining this with practical applications, completing a major in business law and taxation has prepared me for the complex business problems that I will face in the corporate world.”

“While completing my degree, I worked as a business cadet at BlueScope. My Business Law and Taxation major equipped me with the formal knowledge to understand the company’s reporting standards and its global implications. The major opened up opportunities in areas of the business which I did not anticipate working in. I am currently the Marketing Coordinator for the national distribution chain of BlueScope. The business law units I studied at Monash Business School have provided me with a moral compass to evaluate and understand the potential legal implications within the business which has been extremely beneficial.”

Nasrin Hallak

Course: Bachelor of Business

Christopher Venten

Course: Bachelor of Business (Accounting) / Bachelor of Business (Banking and Finance)

Stephanie Ng

Course: Bachelor of Commerce

Now: Marketing Coordinator, BlueScope

What our students and graduates say...

The information in this brochure was correct at time of publication (August 2015). Monash University reserves the right to alter this information should the need arise. You should always check with the relevant Faculty office and Monash website when considering a course. CRICOS Provider: Monash University 00008C