BTB2220 - Corporations law - Monash University

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Overview

This unit exposes you to the differences between companies and other business structures including trusts. Within this content, the role of the Australian Securities and Investments Commission and the Corporations Act will be discussed with emphasis placed on how companies are created, the concept of limited liability, and the duties of directors, officers and promoters. This unit also provides you with an understanding of the rights of members and minority shareholder protection, and forms of corporate insolvency administration, particularly as they affect creditors, officers and investors.

Offerings

S1-01-PENINSULA-ON-CAMPUS

Requisites

Prerequisite

Prohibition

Contacts

Chief Examiner(s)

Dr Sergio Gramitto

Learning outcomes

On successful completion of this unit, you should be able to:

describe the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts

demonstrate an understanding of the significance and functions of corporations as legal structures and how they facilitate the carrying on of a business

identify and explain the ways that corporations and their stakeholders are regulated by the law (legislation and case law) in Australia

demonstrate skills in logically analysing and solving law-related problems relating to corporations

work collaboratively to consider the legal responsibilities and risks arising for corporate entities in business, to explain those risks and potential consequences to non-expert audiences

consolidate and apply learning outcomes 3 and 4 in the contexts of multiple topic areas affecting corporate entities, within one assessment.

Teaching approach

Problem-based learning

During lectures, key concepts, structures, processes and institutions in corporate law will be introduced by the teaching staff and discussed in some detail. The lecture each week will be the foundation for the tutorials that take place during the following week. Before each lecture, you must read the designated readings, especially those from the textbook, as well as the relevant lecture slides that will be placed on Moodle before each lecture. Teaching and learning in tutorials will mainly be problem-based, that is, cases involving conflicts between parties will be at the centre of the learning experience. We learn how conflicts are resolved by applying legal rules of different kinds.

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workload requirements

Workload

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.

Learning resources

Required resources