Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Topics include the Corporations Law scheme; the role and functions of the Australian Securities and Investments Commission; the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; share and loan capital; regulation of public fund raising; duties of directors, officers and promoters; rights of members and minority shareholder protection; forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders; trusts, trustees, beneficiaries and third parties.

Objectives

The learning goals associated with this unit are to:

• identify the important elements in the internal and external regulation of companies and how they may be used
• explain the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts
• analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
• critically evaluate the effectiveness of aspects of corporate law in the context of the changing needs of the community.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Ashraf Kazi

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW1200 or equivalent

Prohibitions

BTC2210, BTC2213, BTW2213, BTF2220, LAW4171