Course Title: Corporations law
Part B: Course Detail
Teaching Period: Term1 2012
Course Code: LAW5201
Course Title: Corporations law
School: 650T TAFE Business
Campus: City Campus
Program: C6106 - Advanced Diploma of 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
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
VU20111 Legal Process
To provide skills and knowledge in the field of company and associations law as might be relevant to a person working in a legal office, financial institution, accounting office, government department or authority, or in the corporate section, who requires a thorough knowledge of company and associations law.
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:
VU20125 Corporations law
1. Examine the development of company law, compare alternative business organisations with companies, contrast different types of companies.
2. Analyse the concept of corporate liability, including the principles of separate personality and the corporate veil.
3. 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.
4. Examine the nature and regulation of shares and shareholding, and members’ rights, obligations and remedies and examine the nature of members’ meetings.
5. Examine the nature and regulation of company finance, including the nature and regulation of shares and shareholding.
6. Analyse and assess the nature and regulation of a company management.
7. Analyse the regulation of company takeovers.
8. Examine the nature and reasons for external administration of a company.
9. Analyse the processes and purpose of liquidation and winding up of a company, and the consequences for the company and its creditors.
10. analyse the legal nature of incorporated associations.
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
|Introduction. Define "Company". The development of company law, a comparison of alternative business organizations.|
|A comparison of various types of companies. The concepts of separate personality and the corporate veil.|
|Company promoters and registration of companies.||Portfolio tasks 1 - 5 covering Learning Outcomes 1- 5, (Part 1) worth a total of 15% to be distributed between weeks 3 - 7 (inclusive).|
|The Company’s internal governance rules. Dealings with Outsiders.|
|Dealings with outsiders. Role of Directors.|
|Shares and shareholding. Members rights, obligations and remedies. .|
|Members rights,obligations and remedies. Members meetings. The nature and regulation of company finance, debentures and charges.|
|The nature and regulation of company finance, debentures and charges.|
|Class test (Open Book).||Class test 1 worth 35% on Learning Outcomes 1 - 5 (inclusive). Open Book.
Portfolio tasks 1 - 5 (Part 1) worth 15% to be submitted with Assignment Cover Sheet
| Mid semester break 5th April - 11th April|
|Directors, Company management||Portfolio Tasks 6 - 9 covering Learning Outcomes 6 -10, (Part 2), worth a total of 15%, to be distributed between weeks 10 - 13 (inclusive).|
| Week 11|
|External administration including liquidation and winding up.|
|External Administration including liquidation and winding up. Incorporated associations. |
|Class Test (Open Book)||Class test 2 worth 35% on Learning Outcomes 6 - 10 (inclusive) Open Book
Portfolio tasks 6 - 9 (Part 2) worth 15% to be submitted with Assignment Cover Sheet
"Company Law", Hinchy, R & McDermott, P. 2nd edition. Pearson Prentice Hall
Lipton, P & Herzberg, A. "Understanding Company Law", 13th editions. The Law Book Company
Australian Securities and Investment Commission http://www.asic.gov.au
Australian Legal Information Institute http://www.austlii.edu.au/
Centre for Corporate Law and Securities Regulation http://cclsr.law.unimelb.edu.au/
Consumer Affairs Victoria http://www.consumer affairs.vic.gov.au
Overview of Assessment
Assessment will be by various methods as outlined for each of the learning outcomes. Learning outcomes may be assessed separately or together, and include tests, assignments, projects, presentations, case studies and final exams.
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant curriculum standards are being met. Students will be provided with feedback throughout the course to check their progress.
1. Written Test 1 (Covering learning outcomes 1-5) - 35%
2. Written Test 2 (Covering learning outcomes 6-10) - 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 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 1 covering Learning Outcomes 1 to 5 - 15%
Part 2 covering Learning Outcomes 6 to 10 - 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 assessments and have a total mark of not less than 50%
|Learning outcomes||Test 1||Portfolio|
|Test 2||Portfolio Part 2|
|1) Examine the development of company law, compare alternative business organizations with companies, contrast different types of companies.||X||X|
|2) Analyse the concept of corporate liability, including the principles of separate corporate personality and the corporate veil.||X||X|
|3) 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.||X||X|
|4) Examine the nature and regulation of shares and shareholding, and members’ rights, obligations and remedies and examine the nature of members meetings..||X||X|
|5) Examine nature and regulation of company finance, including the nature and regulation of shares and shareholding.||X||X|
|6) Analyse and assess nature and regulation of company management||X||X|
|7) Analyse regulation of company takeovers||X||X|
|8) Examine the nature and reasons for external administration of a company||X||X|
|9) Analyse processes and purpose of liquidation and winding up of a company and the consequences for the company and its creditors||X||
|10) Analyse the legal nature of incorporated associations.||X||X|
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