Credit Points 10

Legacy Code 200183

Coordinator Neelam Goela Opens in new window

Description This subject deals with legal issues concerning the creation and control of companies and compares this structure with other forms of business organisations, such as joint venture, partnership, trusts and sole traders. This subject will provide students with an appreciation of partnership, and companies and a practical operation of a scheme of corporate regulation in the Australian federal system.

School Law

Discipline Business and Commercial Law

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 2 subject

Pre-requisite(s) LAWS 1004 OR
LAWS 1001

Restrictions

Students enrolled in 2502 Bachelor of Laws (Non graduate entry) are required to seek permission from their program Advisor prior to enrolling in this subject.

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Recognise the various forms of business organisations.
2. Explain the concept and principles of partnerships and trusts, including the liabilities of partners under contract, tort, and criminal law, and the duties and liabilities of trustees..
3. Describe the practical operation of a scheme of corporate regulation in the Australian federal system.
4. Apply company law concepts and principles to analysing and solving key contemporary legal issues concerning the creation and control of companies.

Subject Content

Various forms of business organisations
Partnerships
Registration of a company, pre-registration activities
Dealings with outsiders and liability
Internal management rules, management of a company - board of directors and general meeting
Duties of directors and consequences of breach of directors duty
Shareholder remedies
Capital and fundraising
Record keeping, disclosures and audit
External administration - receivership, administration and winding up.