LAW5101 - The law of public listed companies 506

Offered

Not offered in 2007

Synopsis

Topics include: the rules governing companies that seek to raise funds from the public; regulation of the securities industry in Australia and the regulation of takeovers; the securities industry; the nature of securities; the regulation of the stock exchange, brokers and other dealers; proscribed market practices; the regulation of offerings of securities the aims and objectives of takeover legislation; the regulation of takeovers; the policies and perspectives underlying these regimes; the impact of the legislative reforms currently occurring in this area.

Objectives

Students who successfully complete this unit should

1. understand the operation and regulation of the securities industry in Australia;
2. be able to analyse and examine critically the present regulatory regime from different perspectives and have an appreciation of the dynamics of the current and continuing process of reform of corporate and securities law;
3. have a clear and detailed knowledge and understanding of the structure and regulation of primary and secondary securities markets in Australia;
4. understand the aims and objectives of the Australian scheme for the regulation of company takeovers and have a basic knowledge of the details of the regulatory scheme;
5. have improved skills in statutory interpretation and drafting as a result of the detailed consideration of some of the most technical aspects of the Corporations Law which are dealt with in this subject and
6. have a greater understanding of the fundamental policy of disclosure and investor protection which is the basis of the Australian regulatory scheme for public companies.

Assessment

Research assignment (3000 words): 30%
Examination (2 hours writing time plus reading time): 70% OR Examination (3 hours writing time plus reading time): 100%

Contact hours

Three hours of lectures per week

Prerequisites

LAW1100 or LAW1101 and LAW1102 or LAW1104

Co-requisites

LAW4171