| Effective Term: | 2025/05 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Corporations Law |
| Unit ID: | BUACC2005 |
| Credit Points: | 15.00 |
| Prerequisite(s): | (BUACC1001) |
| Co-requisite(s): | Nil |
| Exclusion(s): | (BUACC2005 and BULAW2611) |
| ASCED: | 080301 |
| Other Change: | |
| Brief description of the Unit |
The unit introduces students to companies and focuses on their regulation. An understanding of the content of this unit is important for those who will be involved with companies. Students gain essential knowledge about the regulatory framework of corporations and corporate governance issues. The unit considers the law regulating the incorporation of companies, how companies relate to outsiders (contract, tort, crime), the management of companies (including directors` duties), financial reporting and audit requirements, shareholder rights and remedies, the raising of finance, and insolvency. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | |  | | | | | Advanced | | | | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Understand the creation and operation of companies, the separate legal identity concept, and its effect on their owners, operators, and outsiders |
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| K2. | Analyse and evaluate the Corporations Act and other aspects of the regulatory framework, implications of changes and proposed changes |
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| K3. | Evaluate corporate governance and how the law tries to ensure good governance practice |
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| K4. | Determine ethics, sustainability and social responsibility in a business context |
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| Skills: |
| S1. | Identify the information required, formulate the problem, and provide solutions to ensure good governance practice |
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| S2. | Apply analytical, critical thinking and problem solving skills in scenario analysis |
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| S3. | Communicate core legal concepts, problem articulation, and creative solutions with intellectual independence |
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| Application of knowledge and skills: |
| A1. | Use law to identify how to enhance the ethical and effective management of companies |
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| A2. | Analyse and assess legal risks and their management in corporate business settings |
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| A3. | Integrate social, environmental and economic perspectives with business practice |
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| Unit Content: |
Topics may include:
1. Regulatory framework of companies
2. Incorporation of companies and its effect
3. The management of companies and the parties involved
4. Companys relations with outsiders
5. Corporate governance issues
6. Directors' duties
7. Financial reporting and audits
8. Members (shareholder) role, rights and remedies (share transfers)
9. Finance
10. Corporate insolvency |
| Graduate Attributes: |
| Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FEDTASKS (Transferable Attributes Skills and Knowledge) provide a targeted focus on five key transferable Attributes, Skills, and Knowledge that are be embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and Co-operative Learning opportunities. One or more FEDTASK, transferable Attributes, Skills or Knowledge must be evident in the specified learning outcomes and assessment for each FedUni Unit, and all must be directly assessed in each Course.
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| FED TASK and descriptor | Development and acquisition of FEDTASKS in the Unit | | Level | FEDTASK 1
Interpersonal | Students will demonstrate the ability to effectively communicate, inter-act and work with others both individually and in groups. Students will be required to display skills in-person and/or online in: • Using effective verbal and non-verbal communication • Listening for meaning and influencing via active listening • Showing empathy for others • Negotiating and demonstrating conflict resolution skills • Working respectfully in cross-cultural and diverse teams. | Level 1 - Students require directions and boundaries from mentor | FEDTASK 2
Leadership | Students will demonstrate the ability to apply professional skills and behaviours in leading others. Students will be required to display skills in: • Creating a collegial environment • Showing self -awareness and the ability to self-reflect • Inspiring and convincing others • Making informed decisions • Displaying initiative | N/A - Not Applicable | FEDTASK 3
Critical Thinking and Creativity | Students will demonstrate an ability to work in complexity and ambiguity using the imagination to create new ideas. Students will be required to display skills in: • Reflecting critically • Evaluating ideas, concepts and information • Considering alternative perspectives to refine ideas • Challenging conventional thinking to clarify concepts • Forming creative solutions in problem solving. | Level 2 - Student demonstrates some independence within provided guidelines | FEDTASK 4
Digital Literacy | Students will demonstrate the ability to work fluently across a range of tools, platforms and applications to achieve a range of tasks. Students will be required to display skills in: • Finding, evaluating, managing, curating, organising and sharing digital information • Collating, managing, accessing and using digital data securely • Receiving and responding to messages in a range of digital media • Contributing actively to digital teams and working groups • Participating in and benefiting from digital learning opportunities. | N/A - Not Applicable | FEDTASK 5
Sustainable and Ethical Mindset | Students will demonstrate the ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions. Students will be required to display skills in: • Making informed judgments that consider the impact of devising solutions in global economic environmental and societal contexts • Committing to social responsibility as a professional and a citizen • Evaluating ethical, socially responsible and/or sustainable challenges and generating and articulating responses • Embracing lifelong, life-wide and life-deep learning to be open to diverse others • Implementing required actions to foster sustainability in their professional and personal life. | N/A - Not Applicable |
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| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, S3, A2 | Individual assessment | Test | 10%-20% | | 2. | K1, K2, K3, K4, S1, S2, S3, A1, A2, A3 | Individual written assignment involving a corporate law case scenario and/or essay question | Written assignment | 30%-40% | | 3. | K1, K2, K3, K4, S1, S3, A1, A2, A3 | Comprehensive review of topics/final examination | Final invigilated examination | 50%-60% |
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