BUS204 Corporate Law
Unit outline
| Important Update: | Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines. This may include a mix of online and face-to-face. Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education. |
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| Enrolment modes: | Year 2, Semester 1 |
| Credit point(s): | 12.5 |
| EFTSL value: | 0.125 |
| Prerequisite: | BUS108 Business Law |
| Typical study commitment: | Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
| Scheduled learning activities: | 4 timetabled hours per week, 6 personal study hours per week |
Unit description
This unit aims to introduce students to the alternative vehicles for the operation of business with the primary focus on the corporation which is the dominant vehicle for business operation in Australia and internationally. This unit addresses the nature, types, formation, operation and management of corporations under the Corporations Act 2001 (Cth) and their regulation by ASIC, the corporate regulator, under the Australian Securities and Investments Commission Act 2001 (Cth). Particular topics covered include corporate governance, directors’ duties, members’ rights and remedies, corporate insolvency and alternatives, and takeovers. Students will be equipped to exercise business judgement based on the regulatory environment in which professional accountants operate and based on ethical frameworks.
Unit Learning Outcomes (ULO)
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On the successful completion of this units student will be able to: |
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| ULO1 | Discuss the legislative framework for companies and describe the role of the Australian Securities & Investments Commission (ASIC) in the current Corporations Act Scheme and its interrelationship with encouraging ethical decisions. |
| ULO2 | Understand the important concepts and terms in Australian corporate law, including replaceable rules and constitution, company contracts and remedies, and directors’ duties. |
| ULO3 | Examine the role of board of directors, the rules for appointment and removal, and the statutory and fiduciary duties of directors. |
| ULO4 | Analyse company contracts, capital financing and takeovers by applying principles of the Corporations Law. |
Topics included in the unit
| 1. | Alternative business structures |
| 2. | Nature, role and types of companies |
| 3. | The regulatory framework and ethics |
| 4. | Constitution and replaceable rules |
| 5. | Directors’ duties I |
| 6. | Directors’ duties II |
| 7. | Member’s remedies |
| 8. | Company contracts |
| 9. | Dividends |
| 10. | Financial reporting and disclosure |
| 11. | Corporate insolvency |
| 12. | Takeovers |
Assessment
| Assessment Description | Grading and weighting (% total mark for unit) |
Indicative due week |
| Assessment 1: Mid-Semester Exam | 30% | Mid-semester exam week |
| Assessment 2: Group Assignment | 20% | 9 |
| Assessment 3: Final Exam | 50% | Final exam week |
The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.