BUSINESS LAW AND TAXATION
THE BACKBONE OF BUSINESS
Why study Business Law and Taxation? Discover how law works in the real world, and how businesses can effectively manage the range of legal, regulatory and tax risks that they face on a daily basis. What is Business Law and Taxation?
Where will it take you?
Around the world, businesses operate in an increasingly complex environment and are subject to a range of legal and regulatory responsibilities. Business Law and Taxation is the study of the laws and regulations that govern how businesses operate. It looks at what the law is, how it applies, and what impact it has.
Your knowledge of the legal and regulatory requirements governing business will open up a unique range of career options.
• Business analyst
Studying business law and taxation units as part of a business degree provides students with the skills they need to identify and manage legal risks, and to take advantage of commercial opportunities.
• Business consultant
Businesses need graduates with strong knowledge of the legal rules and processes they need to comply with in order to operate effectively and efficiently. These include contract law, competition law, employment, consumer and creditor protection, as well as commercial, workplace, international trade, sustainability and taxation law.
• Human resource professional
Organisations manage legal risks and taxation challenges every day, so professionals with knowledge of business law and taxation are in demand all over the world. Working with business law and taxation requires a universal skill set, which includes critical thinking, problem solving, teamwork and the ability to communicate complex information effectively.
Gain employment in industry, regulatory agencies, politics and government and work as a:
• Business and finance adviser • Commercial law administrator • Compliance manager • Regulator
Work with a range of other professionals in areas including: • Banking and finance • Commerce • Government • Taxation • Human resources • Risk management • Corporate governance
WAYS TO STUDY BUSINESS LAW AND TAXATION At Monash Business School, you can study business law and taxation with a comprehensive Bachelor of Business or Bachelor of Commerce degree. You can either major in business law or taxation in a Bachelor of Business, or you can minor in business law in a Bachelor of Commerce.
Bachelor of Business – business law major or minor A Bachelor of Business will give you a broad business skill set. It covers accounting, marketing, business law, management, economics, business statistics and finance. Learn what makes markets, brands and organisations function effectively. Choose a business law major to understand how knowledge of legal and regulatory requirements supports business decision-making and how to identify and manage legal risks.
Bachelor of Business – taxation major or minor
Bachelor of Commerce – business law minor
Choose a business law minor to develop a foundational understanding of the legal and regulatory requirements that impact business and develop the confidence to recognise and manage legal risks.
OF BUSINESS SCHOOLS GLOBALLY Only 1% of business schools in the world have triple accreditation from AACSB, EQUIS and AMBA.
Choose a taxation major to understand the legal, commercial and economic impacts of taxation, current taxation concepts and different taxation systems.
A Bachelor of Commerce will give you an analytical and conceptual skill set. It covers leadership, innovation and policy development. Learn to think conceptually, use data, solve problems and make informed decisions.
MONASH BUSINESS SCHOOL
2022 QS World University Rankings by subject worldwide
MONASH BUSINESS SCHOOL RANKED
IN THE WORLD FOR BUSINESS AND MANAGEMENT
CA Caulfield Campus
PE Peninsula Campus
2022 QS World University Rankings
MONASH UNIVERSITY RANKED
IN THE WORLD
CL Clayton Campus
WHY STUDY BUSINESS LAW AND TAXATION AT MONASH BUSINESS SCHOOL?
Internationally recognised graduates Recognition from professional bodies Our business law and taxation academics are nationally and internationally recognised experts in their fields and regularly address contemporary issues in business regulation. They work with organisations such as 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 ensures students learn the latest developments in business regulation. 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, sustainability, taxation and international business law. All business law and taxation units are taught using a ‘law for business’ approach, which is tailored to the needs of modern organisations. They cover essential workplace skills, as well as specialist legal knowledge, relevant to the challenges that businesses encounter today. Please note that the units you study in business law and taxation do not qualify you to practise as an Australian lawyer.
Integrated learning design Experience real-life work situations and apply your knowledge We work closely with employers to ensure you are prepared for the work force. You can complete Capstone units, based on integrated learning design, to experience real-life work situations to apply your knowledge.
Double degree options Double degrees with Monash Business School A double degree with Monash Business School offers you a depth of knowledge by allowing you to study two disciplines from within the Business School. Combine a Bachelor of Business majoring in business law or taxation with a Bachelor in Accounting, Banking and Finance, Marketing, or International Business. Combine a Bachelor of Commerce minoring in business law and taxation with a Bachelor of Actuarial Science, Economics, or Finance. Double degrees with other faculties A double degree with another faculty offers you a breadth of knowledge, as you study across disciplines and explore two interests. Combine a Bachelor of Business with a major or minor in business law or taxation with a Bachelor of Arts, Design, Fine Arts, Information Technology, or Media Communication. A Bachelor of Business can also be combined with a Bachelor of Education (Honours).
Rankings and accreditation in Australia Monash Business School is very proud to have been awarded ‘triple accreditation’ by three global accrediting bodies. We are one of only 97 business schools in the world – and the only institution within Victoria – to have achieved this accreditation.
International study programs Learn in a range of countries and environments Participate in an international exchange or study abroad program with one of our 100-plus partner universities around the world.
Professional accreditation Gain recognition from professional bodies You can use your study of business law or taxation in conjunction with your study of accounting to apply for recognition from professional bodies, including the Institute of Chartered Accountants and CPA Australia.
Additional development Test your skills on real-life business issues Participate in a leadership, professional development or volunteering program, or join a student or professional society.
Work-integrated learning Put your study into practice, in a workplace Participate in an industry placement or project with a leading brand.
Further study options Monash Business School is a launching pad for the leaders, innovators and CEOs of the future. Many of our most successful graduates have studied beyond their first degrees to carve out their niches, build leadership skills, change career direction or develop specialist skills for senior industry roles. While you might be eager to get out into the workforce, a year or two of postgraduate study can give you a significant competitive advantage when you ultimately set off to build a career. We offer: • Graduate Certificate of Business • Graduate Diploma of Business • Master of Regulation and Compliance • Double Master of Professional Accounting and Master of Business Law • Doctor of Philosophy – Business Law and Taxation
8 Click here to discover the options for undergraduate study in the field.
8 The Department of Business Law
and Taxation is renowned for high quality research and teaching. Click here to find out more.
Stay connected with Monash Business School The information in this brochure was correct at the time of publication (August 2022). Monash University reserves the right to alter this information should the need arise. You should always check with the relevant faculty office when considering a course. CRICOS provider: Monash University 00008C Monash College 01857J