Details for Corporations Law

Australian corporate law is an essential element to be understood for the operation and management of companies, which is the basis of BUS250 Corporations Law. The subject covers business structures, the effect of incorporation, Director’s and Officer’s duties, internal governance of corporations and good corporate governance. These skills and knowledge can be applied into the For-Profit and Not-For-Profit sectors equally. Students will look carefully into the Corporations Act 2001 (Cth) and into the operation and role of the corporate watchdog (ASIC).


Quick Info

  • Currently offered by Alphacrucis: Yes
  • Course code: BUS250
  • Credit points: 10
  • Subject coordinator: Philip Lee

Prerequisites

The following courses are prerequisites:

Awards offering Corporations Law

This unit is offered as a part of the following awards:

Unit Content

Outcomes

  1. Identify and explain the regulatory environment for companies in Australia, including the significance of the concept of separate legal entity;
  2. Describe the nature and impact of the doctrine of separate legal entity;
  3. Describe and critically evaluate the differences between company types and their legal structures;
  4. Describe and discuss replaceable rules and the company constitution of the Corporations Act that govern company administration and management;
  5. Identify and describe the roles and responsibilities of company directors and shareholders;
  6. Demonstrate a broad understanding of the Corporations Act 2001 and its role, while being able to identify and critically discuss the relationship between the Corporations Act and the company’s operations, including being able to explain the procedures for formation, fundraising, corporate governance, takeovers, insolvency and winding up of a company.

Subject Content

  1. The Australian regulatory framework for companies
  2. Types of companies and the Corporations Act (2001)
  3. Constitutions and replaceable rules
  4. Corporations and external party relationships
  5. Promoters and pre-registration contracts
  6. Fundraising and sources of finances
  7. Share capital and dividends
  8. Corporate governance
  9. Directors’ duties and shareholder functions and operations
  10. Statutory remedies for members
  11. The Australian financial reporting system and disclosure
  12. Takeovers and corporate insolvency

This course may be offered in the following formats

  • Face-to-Face
  • Distance / Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis College.

Assessment Methods

  • Group Case Study (Presentation and Report) (20%)
  • Legal Issue Briefing Note/Report (30%)
  • Exam (50%)

Prescribed Text

Harris, J., Hargovan, A. & Adams. M. (2016) Australian Corporate Law (5th ed.). Chatswood, N.S.W.: LexisNexis Butterworths.

Check with instructor each semester before purchasing any textbooks