LW302 Corporations Law
DESCRIPTION
This unit provides an overview of the principles and mechanisms of the law governing the commonest legal arrangements through which business is conducted in Australia. In an increasingly complex business environment, discerning and understanding the principles which underlie the complexity of the law governing business organisations is practically useful. It enables people of business and their advisers to identify and address important issues of partnership, trust, associations, and company law when they arise. This unit provides a foundation for the study of these matters.
RELEVANT COURSES
*Core unit
CREDIT POINTS
10
DELIVERY MODE
On campus
Intensive
Extensive
PREREQUISITE OR CO-REQUISITE
Nil
UNIT LEARNING OUTCOMES
LO1 Critique various business structures considered in the court
LO2 Demonstrate an understanding of the role company law plays in regulating both business activity and company officers
LO3 Interpret and analyse various sections of legislation applicable to corporations and other business structures
LO4 Apply your knowledge of law to particular fact situations relevant to the course so that the legal issues raised are discussed coherently and reasonable conclusions are reached
CONTENT
The context of Australian corporate law
Business structures, partnerships and associations, incorporation, and its effects
Internal governance: constitution and replaceable rules, corporate liability: Tort, crime and contract, promoters:
Duties and liabilities, corporate fundraising
Debt finance, share capital and transactions affecting share capital, membership rights and meetings
Corporate governance
Directors and officers
Directors’ and officers’ duties: Good faith and proper purposes, directors, and officers: Conflicts of interest
Directors and officers: The duty of care and diligence
Directors and officers: Corporate governance during times of financial distress
Members’ remedies, accounts auditors and dividends
Financial services, managed investment schemes and financial markets
External administration and insolvency
ASSESSMENT METHODS
1. Small Group Discovery Experience - 20%
2. Written Assessment - 30%
3. Exam - 50%
PRESCRIBED READINGS
Hargovan, A., Adams, M., & Brown, C. (20202). Australian corporate law (7th ed.). Sydney: LexisNexis Butterworths.
Check with the lecturer each semester before purchasing any textbooks