Faculty of Law

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

FacultyFaculty of Law
OfferedNot offered in 2015


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.


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
  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.


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

Workload requirements

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. 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.

See also Unit timetable information


LAW1100 or LAW1101 and LAW1102 or LAW1104