Course Title: Apply legal principles in corporation law matters

Part B: Course Detail

Teaching Period: Term1 2019

Course Code: BUSM8846C

Course Title: Apply legal principles in corporation law matters

School: 650T Vocational Business Education

Campus: City Campus

Program: C6164 - Advanced Diploma of Conveyancing

Course Contact: Callie Harvey

Course Contact Phone: +61 3 9925 5772

Course Contact Email: callie.harvey@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Nominal Hours: 60

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

None

Course Description

This unit describes the skills and knowledge required to establish business structures and prepare associated documentation within corporation law frameworks. It applies to individuals who work under supervision and evaluate information from a variety of sources to complete and despatch required information. Its application in the workplace is determined by the job role of the individual and legislation, rules, regulations and codes of practice relevant to different jurisdictions. 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBLEG513 Apply legal principles in corporation law matters

Element:

1. Identify laws and principles of corporation law

Performance Criteria:

1.1 Source knowledge of corporation law and related legislation 1.2 Identify different types of business structures and clearly outline their structure, personnel, legal obligations, establishment procedures and purpose 1.3 Identify differences between proprietary companies and public companies, and clearly outline the legal obligations, criteria and purpose of each

Element:

2. Enhance professional practice through application of relevant corporation law principles to business structures

Performance Criteria:

2.1 Identify consequences of incorporation 2.2 Identify structure, contents and purposes of an organisation s memorandum of association and articles of association 2.3 Identify other specific activities relevant to corporation law

Element:

3. Undertake administrative tasks associated with corporation law

Performance Criteria:

3.1 Prepare forms, documents and annexures at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department 3.2 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties 3.3 Provide assistance in preparing company prospectus where required 3.4 Arrange meetings as necessary to discuss nature of debenture and assets underwriting the charge 3.5 Undertake appropriate searches and obtain search documents from relevant agencies 3.6 Prepare forms and documents related to administration of charges at appropriate time, present to designated person for review and sign-off, and lodge with appropriate government department 3.7 Determine types of costs for legal services in accordance with legislative and regulatory requirements 3.8 Make arrangements for documents to be despatched, signed and witnessed by appropriate parties

Learning Outcomes



Details of Learning Activities

A range of learning activities are planned for this course including self-paced and collaborative classroom based activities.

The self-paced activities will be delivered thought various technology platforms and include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.


The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.


We expect you to participate and contribute in all scheduled learning activities.


Teaching Schedule

Week No

Element:

Topics:

1

1.2

Introduction to course,

Comparison between Business Organizations - characteristics, advantages, disadvantages

The different types of companies

 

 

2

 1.1

Business Organizations (revisit), Nature and sources of company law,

Fundamentals of Corporations law, basic terms. The concepts of separate personality & the corporate veil.

IRAC, study skills

Assessment Task 1 - Portfolio Part 1 to be distributed, due to be submitted in Week 5.

3

1.2, 3.5

Classification of companies, Role of ASIC, ASX, governing legislation, Jurisdiction of courts.

 

4

1.3, 2.1, 2.2, 3.1, 3.2, 3.7

Promoters, Registration of companies, Internal governance/the company constitution, Introduction to directors

 

5

2.3, 3.6, 3.8

Dealings with outsiders

Shares and Shareholding

Assessment task 1 - Portfolio Part 1 to be submitted online

6

2.3, 3.6, 3.8

 

Shares and shareholding, members rights, obligations and remedies, members meetings

Assessment Task 2 - Group Assignment to be distributed, due Week 10

 

 7

2.3, 3.3, 3.4

Shares and Shareholding, Members rights, obligations and remedies, Members meetings, company finance, the prospectus, share issues, debentures and security interests

 

8

2.3, 3.3, 3.4

Company Finance, share issues, debentures and security interests

 

9

2.3

Company management – Directors, company officers

Assessment Task 1 Portfolio Part 2 to be distributed, due Week 13

10

2.3

Company management – Directors, company officers

Assessment Task 1 Portfolio Part 2 to be distributed, due in Week 13.

Assessment task 2, Group Assignment, due to be submitted.
 

Mid Semester break 19 April - 26 April 

  

11

2.3

Takeovers, External Administration,

 

12

2.3

External Administration

 

13

 2.3

External Administration, Liquidation/Winding Up

Assessment Task 1 Portfolio Part 2 to be submitted

14

 1, 2, 3 inclusive

Revision

 

15

1, 2, 3 inclusive

Final Assessment

Final open book test.

16

 

Deferred assessments

 

 


Learning Resources

Prescribed Texts


References


Other Resources

 Online learning materials can be accessed by going into the RMIT web sites Online Learning Hub.

The online learning materials listed include:

  • Course outlines
  • Power point Presentations
  • Supporting Reading material
  • Industry relevant articles
  • Activities.


Overview of Assessment

 In order to achieve competency in this unit, you must provide:

Performance evidence

Evidence of the ability to:

  • prepare and lodge accurate and appropriate documentation at required stages of legal process
  • conduct all duties according to legislative and organisational requirements
  • provide assistance to others to achieve joint outcomes when necessary.

Knowledge evidence

To complete the unit requirements safely and effectively, the individual must:

  • outline scope of job role in the context of relevant legislation, regulations and codes of practice
  • explain relevant court processes
  • summarise current corporation law principles
  • outline legal processes required in this role
  • outline documentation required in corporation law matters
  • discuss organisation s required policies and procedures pertinent to this role

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the legal services administration field of work and include access to:

  • appropriate legislation and regulations relevant to corporation law and common legal matters
  • workplace policies and procedures and reference materials
  • background information on courts, their jurisdiction and behavioural requirements
  • office equipment and resources.

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.

Feedback


Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
  


Assessment Tasks

Assessment Task 1 Portfolio Tasks - Parts 1 and 2

Assessment Task 2 – Open Book Test

Final open book test


Assessment Matrix

The assessment matrix that maps all the assessment is available on Canvas.

Other Information

Submission Requirements

 You should: 

  • Ensure that you submit assessments on or before the due date. 
  • Always retain a copy of your assessment tasks. (hard copy and soft copy)
  • When you submit work for assessment at RMIT University you need to use the Assessment task document that includes a declaration and statement of authorship.
  • Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers.

 

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.

More Information:  https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work

Where an extension of greater than seven days is needed, you must apply for Special Consideration.  Applications for special consideration must be submitted no later than five working days after the assessment task deadline or scheduled examination.

More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration

Resubmissions (VET Programs):

Resubmissions (VE Programs):

If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission.  Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. 

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Grading & re-submissions

Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result to your overall grade for the course.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:

https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/adjustments-to-assessment

 

Marking Guide (Competency):

 

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

 

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

 

 

Marking Guide (Grading)

 

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

 

Final Grades table:

 

 

CHD

Competent with High Distinction

 

 

CDI

Competent with Distinction

 

 

CC

Competent with Credit

 

 

CAG

Competency Achieved – Graded

 

 

CA

Competency Achieved – Not Graded

 

 

NYC

Not Yet Competent

 

 

DNS

Did Not Submit for assessment

 

Course Overview: Access Course Overview