Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should be able to recognise the significance of companies as entities for carrying on business; understand and be able to identify, use and evaluate how legislation and case law affects the internal and external regulation of companies; have developed a critical interest in corporate law reform.
Synopsis The subject aims to enable students to understand the underlying principles of the law regulating companies. The topics may include the characteristics of a company particularly as compared with other business structures; the national cooperative scheme and the role of the Australian Securities Commission; the effect of incorporation; the corporate constitution; the company's relations with outsiders; share and loan capital; regulation of public fund raising; duties of company directors, officers and promoters; members' rights and obligations including minority shareholder protection; regulation of takeovers; issues related to corporate insolvency such as receivership and liquidation particularly as they affect creditors.
Assessment Written (2000 words): 20% + Examination: 80%