Course Title: Corporations Law
Part B: Course Detail
Teaching Period: Term2 2008
Course Code: LAW5136
Course Title: Corporations Law
School: 650T TAFE Business
Campus: City Campus
Program: C6070 - Advanced Diploma of Business (Legal Practice)
Course Contact : Andrew Webster
Course Contact Phone: +61 3 9925 5458
Course Contact Email:firstname.lastname@example.org
Name and Contact Details of All Other Relevant Staff
Class Teacher : Andrew Webster
Telephone :9925 5458
Email : Andrew.Webster@rmit.edu.au
Room :108.13.13 (Level 13)
Consultation Times :2.30 - 4.30 Thursdays
Nominal Hours: 51
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
LAW5040 Legal Process [VBM898]
This module covers types of companies and development of company law, companies and alternative business structures, regulation of companies, company promoters and pre-registration contracts, company constitution/replaceable rules, a company’s dealings with outsiders, registration of a company, membership – rights, obligations and remedies, capital raising by a company, company management, company takeovers, external administration, winding up and associations.
If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title:
VBM910 Corporations Law
1. Specify and analyse the development of company law, compare alternative business organisations with companies, and contrast different types of companies.
2. Determine, specify and assess the authority, duties and liabilities of company promoters, the nature of a company’s internal governance rules, and specify and apply the procedure necessary to register a company.
3. Examine the nature and regulation of shares and shareholding, and members’ rights, obligations and remedies.
4. Examine the nature and regulation of company finance.
5. Analyse and assess the nature and regulation of company management.
6. Analyse the regulation of company takeovers.
7. Examine the nature and reasons for external administration of a company.
8. Analyse the processes and purpose of liquidation and winding up of a company, and the consequences for the company and its creditors.
9. Analyse the legal nature of associations, and the powers, duties and liabilities of members and office bearers.
Details of Learning Activities
Students will study the principles of Company and Associations Law in class sessions, practical sessions and through prescribed exercises and assessment work. These concepts will also be explored through the investigation of the application in the real world and simulated environments.
|Week 1 – 7th July||Define “company.” The development of company law, a comparison of alternative business organisations.|
|Week 2 –14th July||A comparison of various types of companies.|
|Week 3 – 21st July||Company promoters and registrations|
|Week 4 – 28th July|| The company’s internal governance rules|
Dealings with outsiders
|Week 5 –4th Aug|| Dealings with outsiders|
Shares and shareholding
|Week 6 –11th Aug|| Shares and shareholding|
Members’ rights, obligations and remedies
|Week 7 –18th Aug|| Members’ rights, obligations and remedies|
The nature and regulation of company finance
|Week 8 – 25th Aug||Class Test 1 (Open Book)||Part 1 Portfolio worth 15% due in at Level 13 with Assignment Attachment Form completed. Test on Learning Outcomes 1 to 4- 35%|
|Mid-semester break 01-05 Sept|
|Week 9 -8th Sept|| Practical Placement - No Class||
|Week 10 – 15th Sept||Practical Placement - No Class|
|Week 11 – 22nd Sept –||Company Management|
|Week 12 –29th Sept||Company Takeovers|
|Week 13 –6h Oct||External Administration|
|Week 14 –13th Oct||Liquidation|
|Week 15 –20th Oct|| Liquidation, Associations ||Part II Portfolio worth 15% due in at Level 13 with Assignment Attachment Form completed|
|Week 16 –27th Oct||Revision|
|Week 17-3rd Nov||Class test 2 (Open Book)|| Test on Learning Outcomes 5-9 - 35%
|Week 18- 10th Nov||Feedback/ Deferred Assessments|
Company Law” by Russell Hinchy and Peter McDermott together with “Fundamental Company Legislation 2008”, PEARSON Prentice Hall ISBN 9781741036602
Lipton P and Herzberg A “Understanding Company Law,” 13th edition, The Lawbook Company
Overview of Assessment
Assessment consists of written tests and assignments
1. Written Test 1 (covering Learning Outcomes 1 to 4) - 35%
2. Written Test 2 (covering Learning Outcomes 5 to 9) - 35%
The written tests, under “Open Book” conditions, will focus on the student’s ability to solve problems and provide meaningful solutions to a set of questions asked of them. The tests will be conducted in the classroom and will cover the elements set out in the learning outcomes.
The portfolio will be based on a collection of newspaper, magazine, journal articles, statutory and/or regulatory documents relating to any of the learning outcomes. Students are expected to determine and set out the legal issues set out in the articles and/or to complete the tasks set by the teacher, for example but not limited to, answering questions, filling out documents. The portfolio will be divided into two parts as follows;
Part I covering Learning Outcomes 1 to 4 - 15%
Part II covering Learning Outcomes 5 to 9 - 15%
The student will be required to undertake research and assessment practice outside of regular class times. Homework exercises are provided to the student to facilitate their learning in a self-paced manner and form part of the overall achievement of the learning outcomes in this course. Students are reminded that they are expected to conduct an equal amount of time outside of class, research and furthering their understanding of the concepts being taught, as they do in class to be deemed to have passed this course.
To pass this course, students must satisfactorily complete all assessment and have a total mark of not less than 50%
|Learning Outcomes||Test 1||Portfolio||Test 2|
|Specify and analyse the development of company, compare alternative business organisations and contrast different types of companies||X||X|
|2. Determine, specify and assess authority, duties and liabilities of promoters, the nature of a company’s internal governance rules, specify and apply procedure for registration of company.||X||X|
|3. Examine nature and regulation of shares and shareholdings, members’ rights, obligations and remedies.||X||X|
|4. Examine nature and regulation of company finance||X||X|
|5. Analyse and assess nature and regulation of company management||X||X|
|6. Analyse regulation of company takeovers.||X||X|
|7. Examine the nature and reasons for external administration of a company||X||X|
|8. Analyse processes and purpose of liquidation and the consequences for the company and its creditors.||X||X|
|9. Analyse the legal nature of associations, the powers, duties and liabilities of members and office bearers.||X||X|
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