6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Topics include the Corporations Law scheme; the role and functions of the Australian Securities and Investments Commission; the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; share and loan capital; regulation of public fund raising; duties of directors, officers and promoters; rights of members and minority shareholder protection; forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders; trusts, trustees, beneficiaries and third parties.
The learning goals associated with this unit are to:
- identify the important elements in the internal and external regulation of companies and how they may be used
- explain the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts
- analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
- critically evaluate the effectiveness of aspects of corporate law in the context of the changing needs of the community.
Within semester assessment: 30% + Examination: 70%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
Students must have passed BTW1200 or BTG1200 before undertaking this unit.