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The current and official versions of the course specifications are available on the web at //www.usq.edu.au/course/specification/current.
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LAW5206 Corporations Law

Semester 2, 2015 Online Toowoomba
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Law and Justice

Contents on this page

Staffing

Examiner: Ling Ling He
Moderator: Rhett Martin

Requisites

Pre-requisite: LAW5201

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at //www.usq.edu.au/current-students/support/computing/hardware.

Rationale

This course 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 course provides a foundation for the study of these matters.

Synopsis

The objective of this course is to introduce students to the legal principles associated with partnerships, associations, trusts and corporations. In particular, students will be exposed to the Partnership Act and Corporations Law in detail and shall be required to be able to describe all appropriate legal principles dealing with such entities and the internal and external relationships thereof.

Objectives

On completion of this course students will be able to:

  1. demonstrate an advanced and integrated understanding of the principles associated with partnership, trusts, associations and corporations law (the relevant law)
  2. demonstrate mastery of theoretical knowledge of the relevant law
  3. reflect critically on the theory and professional accounting practice as required by the relevant law
  4. research and apply established theories of the relevant law to accounting practice
  5. interpret and transmit knowledge of the relevant law to professional accounting and client audiences.

Topics

Description Weighting(%)
1. Business structures 5.00
2. Partnerships 5.00
3. Trusts 5.00
4. Introduction to company law 10.00
5. Lifting the corporate veil and promoters 10.00
6. Internal governance and corporate liability 10.00
7. Share capital and membership 5.00
8. Directors? duties I 10.00
9. Directors? duties II 10.00
10. Meetings and member?s remedies 10.00
11. Corporate finance 10.00
12. External administration 10.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2015&sem=02&subject1=LAW5206)

Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)

  • Harris, J, Hargovan, A & Adams, M 2013, Australian corporate law, 4th edn, LexisNexis Butterworths, Chatswood, New South Wales.
    (or latest edition.)
  • 2015, Australian corporations legislation, LexisNexis Butterworths/CCH, Chatswood, New South Wales (Vol 1). (or latest edition).

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
  • Austin, RAP & Ramsay, IM 2013, Ford's principles of corporations law, 15th edn, LexisNexis Butterworths, Chatswood, New South Wales.
    (or latest edition - also available online in the LexisNexis AU database, accessible from USQ Library website.)
  • Baxt, R, Fletcher, K & Fridman, S 2008, Corporations and associations: cases and materials, 10th edn, LexisNexis Butterworths, Sydney, New South Wales.
  • Fletcher, KL 2007, The law of partnership in Australia, 9th edn, Lawbook Co, Pyrmont, New South Wales.
  • Hanrahan, P, Ramsay, I & Stapledon, G, 'Commercial applications of company law', CCH Australia, North Ryde, New South Wales (latest edition required).
  • Krever, R, 'Mastering law studies and law exam techniques', LexisNexis Butterworths, Chatswood, New South Wales (latest edition required).

Student workload requirements

Activity Hours
Assessments 20.00
Directed Study 39.00
Private Study 106.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ONLINE QUIZ 1 10 10 17 Aug 2015
ASSIGNMENT 1 - PROBLEM-SOLVING 20 20 07 Sep 2015
ONLINE QUIZ 2 10 10 28 Sep 2015
ASSIGNMENT 2 - RESEARCH 60 60 09 Nov 2015

Important assessment information

  1. Attendance requirements:
    Online: If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students? responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

    On-campus: It is the students? responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    There is no examination in this course.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Not applicable.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Referencing in assignments:
    In this course students may use either Harvard (AGPS) or the Australian Guide to Legal Citation (AGLC). Students should consistently use one of these systems in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at //www.usq.edu.au/library/referencing. For AGLC style guide enquiries, consult the AGLC manual from the USQ Library's referencing guide at //www.usq.edu.au/library/referencing, or contact the Law librarian.