Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. identify the important elements in the internal and external regulation of companies and how they may be used
2. explain the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts
3. analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
4. 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%

Prerequisites

Students must have passed BTW1200 or BTG1200 before undertaking this unit.

Prohibitions

BTC2210, BTC2213, BTW2213, BTF2220, LAW4171, BTW2220