| Effective Term: | 2025/05 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Corporate Law |
| Unit ID: | BULAW5915 |
| Credit Points: | 15.00 |
| Prerequisite(s): | (BULAW5914) |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 091103 |
| Other Change: | |
| Brief description of the Unit |
Although the number of corporations is not that large compared to other types of businesses such as partnerships and sole traders, their economic impact is enormous, both in Australia and world-wide. The legal structures and rules they must observe are broad and comprehensive, and should be understood by anyone wishing to become a professional accountant or to be involved more generally in business. This course explores the Australian legal framework for corporations, focusing in particular on their governance, management, operations, termination and fundraising, also raising questions about the effectiveness of the law and the impact of pending or likely changes. |
| 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 | | | | |  | |
|
| Learning Outcomes: |
| Knowledge: |
| K1. | Distinguish between the legal frameworks for various business structures available for conducting business and how they differ from companies |
|
| K2. | Evaluate different structures for corporate governance and the implications for law and accounting practice |
|
| K3. | Describe and analyse the regulatory framework of companies |
|
| K4. | Examine the effects of incorporation |
|
| K5. | Evaluate the role and operation of corporate law in the broader social context |
|
| Skills: |
| S1. | Examine and apply legal principles in a business context |
|
| S2. | Select and apply appropriate technology to independently research the law |
|
| S3. | Investigate and analyse legal problems and generate solutions based on the law |
|
| S4. | Engage in debate about how best to regulate companies |
|
| Application of knowledge and skills: |
| A1. | Apply knowledge and skills to manage legal risk affecting corporations, |
|
| A2. | Use creativity and initiative to develop effective strategies and approaches for corporations in addressing social and political expectations and change |
|
| A3. | Integrate social, environmental and economic perspectives into business practice |
|
| A4. | Apply critical thinking in scenario analysis |
|
| Unit Content: |
•Types of business entities, their distinguishing features and their legal framework
•Creation of partnerships and the effect on the various parties
•Dimensions of corporate governance and the broader environment, in particular the growing attention to ethics, sustainability and social responsibility
•Regulatory framework of corporate law
•Incorporation of companies and its effects |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K4, S1, S3, A1 | Individual assessment - Test | Test | 10-20% | | 2. | K2, K5, S1, S2, S3, S4, A1, A2, A3 | Individual assessment | Oral Presentation and / or Written Research Assignment | 30-40% | | 3. | K2, K3, K4, K5, S2, S3, S4, A2, A3, A4 | Individual assessment - Test | Test / Final Assessment | 50-60% |
|