Course Title: Apply legal principles in corporation law matters
Part B: Course Detail
Teaching Period: Term2 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
Prior to training commencement a program level induction session will be conducted that comprises the following:
- Program overview and requirements
- Canvas Learning Hub
- Overview of assessment requirements
- Pre-Training Review including:
- Recognition of Prior Learning and Credit Transfers
- Assessment of current skills and knowledge
- Competency/Grading Criteria
- Plagiarism
- Appeals
- Extensions
- Feedback
- Privacy
- Submission requirements
- Resubmission policy
- Where to get support
- Student responsibilities.
The Teaching Schedule for this course is as follows but please note that it is subject to change.
Course Schedule: Apply legal principles in corporation law matters, Semester 2, 2019 | |||
Week |
Element |
Topic |
Assessment |
Week 1 8th July |
1.2 |
Introduction to course Comparison between business organisations and companies |
|
Week 2 15th July |
1.1 |
Comparison with other business organizations. Nature and sources of company law. Fundamental concepts and terms. IRAC |
Assessment Task 1, the Portfolio to be distributed, due Week 5 |
Week 3 22nd July |
1.2, 3.5 |
Classification of companies Governing legislation Role of ASIC, ASX. Jurisdiction of Courts. |
|
Week 4 29th July |
1.3, 2.1, 2.2, 3.1, 3.2, 3.7 |
Registration of companies, Internal governance/the company constitution, Introduction to directors |
|
Week 5 5th August |
2.3, 3.6, 3.8 |
Dealings with outsiders Shares and Shareholding |
Assessment Task 1 Portfolio to be submitted electronically. |
Week 6 12th August |
2.3, 3.6, 3.8 |
Shares and Shareholding, Members rights, obligations and remedies. |
Assessment Task 2 – Group Assignment (Groups of 2) to be distributed. Due to be submitted electronically in Week 10. |
Week 7 19th August |
2.2, 3.3, 3.4 |
Shares and Shareholding, Members rights, obligations and remedies. Company Finance |
|
Week 8 26th August |
2.3, 3.3, 3.4 |
Company Finance |
|
Mid semester break 2nd September – 8th September | |||
Week 9 9th September |
2.3 |
Company management – Directors, company officers, Duties of directors, company officers |
|
Week 10 16th September |
2.3 |
Duties of directors, company officers |
Group Assignment to be submitted electronically |
Week 11 23rd September |
2.3 | Takeovers, External Administration |
|
Week 12 30th September |
2.3 |
External Administration |
|
Week 13 7th October |
2.3 | External Administration, Liquidation/Winding Up |
|
Week 14 14th October |
1, 2, 3 - all elements to be assessed | Revision |
|
Week 15 21st October |
1, 2, 3 - all elements to be assessed |
Final Assessment (Open Book Test all topics). Face to face assessment |
Final Test (2 hours plus 15 minutes reading time) |
Week 16 28th October |
1, 2, 3 - all elements to be assessed |
Feedback Deferred assessments, Resubmissions |
|
Week 17 4th November |
Feedback Deferred assessments, Resubmissions |
The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
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.
Assessment Tasks
There are three assessment tasks for this course, students must satisfactorily complete all assessment tasks to be deemed competent for the course.
Assessment Task 1: Portfolio Task
This Assessment Task will be released in Week 2. The aim of this Task is to firstly enable students to familiarise themselves with both essential Corporations law principles and the websites of relevant Government authorities and a public company. Students will be also be required to respond to both concept based and case study questions. This assessment task contains a series of concept based and case study questions together with research activities involving both regulatory authorities and public companies.
Students are invited to post feedback & queries on the class discussion board which will be addressed by your teacher in each subsequent lecture recording.
Assessment 2: Group Task
The aim of this task is to firstly enable a collaborative approach to be undertaken by students in groups of 2 as they work together in order to facilitate the formation of a (fictitious) company and also as they respond to both concept based and case study questions in addition to further tasks related to this company which they have (fictitiously) incorporated. This task is designed to not only develop students research based skills but to also to improve their collaborative skills, online or otherwise, as they complete responses to both concept based and case study questions.
Assessment 3: Open-book Test
This assessment is to be completed during class in Week 15 and you will have two hours plus 15 minutes to demonstrate the requirements as listed. All topics covered in this course are to be assessed in this Open Book Test. The Open Book Test will comprise 3 Parts:
- Part A - Multiple Choice Questions
- Part B - Short Answer, Concept based questions
- Part C- Extended Answer questions
Students will be required to answer all questions from all Parts of the Test.
You must successfully complete all assessments to be deemed competent.
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 two 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: If you are found to be unsuccessful (Not satisfactory/Unsatisfactory) in a particular Course Assessment Task 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. 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 you are performing. The following grades are available for this course:
CA | Competency Achieved |
NYC | Not Yet Competent |
DNS | Did Not Submit for Assessment |
Course Overview: Access Course Overview