TBC3110

Australian company law

Mr Abe Herzberg

6 points
* Two 1-hour lectures and one 1-hour tutorial per week
* Second semester
* Clayton
* Prerequisite: TBC2110 or equivalent and Prohibition: Completion of a Faculty of Law subject in company law

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 This subject involves an introductory study of the law regulating companies in Australia. Topics may include the Corporations Law scheme; the role and functions of the Australian Securities Commission; the characteristics of a company and the concept of limited liability; the effect of incorporation; 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; takeover regulation; the various forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders.

Assessment Written (2000 words): 20%
* Examination (3.5 hours - includes 0.5 hours for reading and note taking): 80%

Prescribed texts

Lipton P and others Essential corporations legislation latest edn, Law Book
Lipton P and Herzberg A Understanding company law latest edn, Law Book