Course Title: Apply legal principles in corporation law matters
Part B: Course Detail
Teaching Period: Term1 2020
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
Andrew Webster
andrew.webster@rmit.edu.au
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 may 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
This course is comprised of one competency: BSBLEG513/BUSM8846C Apply Legal Principes in Corporation Law Matters.
(Please note that this schedule is subject to change)
Course Schedule: Apply legal principles in corporation law matters, Semester 1, 2020 | |||
Week |
Element |
Topic |
Assessment |
|
Week 1 February 10 |
1.2 |
Introduction to course Comparison between business organisations and companies |
|
|
Week 2 February 17 |
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 February 24 |
1.2, 3.5 |
Classification of companies Governing legislation Role of ASIC, ASX. Jurisdiction of Courts. |
|
|
Week 4 March 2 |
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 March 9 |
2.3, 3.6, 3.8 |
Dealings with outsiders Shares and Shareholding |
Assessment Task 1 Portfolio to be submitted electronically. |
|
Week 6 March 16 |
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 March 23 |
2.2, 3.3, 3.4 |
Shares and Shareholding, Members rights, obligations and remedies. Company Finance |
|
|
Week 8 March 30 |
2.3, 3.3, 3.4 |
Company Finance |
|
|
Week 9 April 6 |
2.3 |
Company management – Directors, company officers, Duties of directors, company officers |
|
Mid-Semester Break | |||
|
Week 10 April 20 |
2.3 |
Duties of directors, company officers |
Group Assignment to be submitted electronically |
|
Week 11 April 27 |
2.3 | Takeovers, External Administration |
|
|
Week 12 May 4 |
2.3 |
External Administration |
|
|
Week 13 May 11 |
2.3 | External Administration, Liquidation/Winding Up |
|
|
Week 14 May 18 |
1, 2, 3 - all elements to be assessed | Revision |
|
|
Week 15 May 25 |
1, 2, 3 - all elements to be assessed |
Final Assessment (Open Book Test all topics). |
Final Test (Format TBA) |
|
Week 16 June 1 |
1, 2, 3 - all elements to be assessed |
Deferred assessments, Resubmissions |
|
|
Week 17 June 8 |
Grade Entry |
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 including the self - paced activities in the workbooks.
Learning Resources
Prescribed Texts
References
Other Resources
Online learning materials can be accessed by going into the RMIT's Learning Management System, Canvas.
The online learning materials listed may 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
You will demonstrate competency by undertaking three assessments. You must successfully complete all assessments to be deemed competent in this unit.
Assessment Task 1: Portfolio Task
Due: Sunday, 15 March 2020
Summary and Purpose: 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. Part 1 of this Assessment Task will be released in Week 2.
Assessment Task 2: Group Assignment
Due: Sunday, 26 April 2020
Summary and Purpose: 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.
Assessment Task 3: Final Test - Open Book
Due: Sunday, 31 May 2020
Summary and Purpose: This assessment task is a take home, open book test in which you will have 48 hours to complete.
The test will comprise of 3 Parts:
- Part A - Multiple Choice Questions - 4 only
- 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.
Assessment Matrix
The assessment matrix that maps all the assessment is available on Canvas.
Other Information
Submission Requirements
- 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 a footer with your name, student number, the title of the assessment, unit code and title and page numbers.
Resubmissions (VET Programs)
If you are found to be unsuccessful (Not satisfactory/Unsatisfactory) in a 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.
Penalties for Late Submission
Late submissions of assignments without special consideration or extension will automatically be considered a re-submission (see above).
Extensions, Special Consideration and Adjustment to Assessments
Extensions:
Extensions are available for unforeseen circumstances of a short-term nature.
An application form must be submitted to the school at least one working day before the due date of the assessment.
Extensions can be approved for a maximum of one week (seven calendar days) past the due date for an assessment. (Where students need an extension exceeding one week they must instead apply for special consideration.)
Special consideration:
Special consideration is available for unexpected circumstances outside students’ control. These include but are not limited to: unexpected short-term ill health, and unavoidable family, work, cultural or religious commitments.
An application for special consideration is made in advance of an assessment wherever possible but will normally be accepted within five working days after the assessment date
For more information, see the Special Consideration page of the RMIT website.
Adjustments to Assessment:
RMIT provides several adjustments to assessment for students experiencing ongoing or long-term circumstances. Find the right one for your circumstances here.
Changes to the Assessment Scheme
Where a change to assessment approved by the dean/head of school changes an assessment due date, students will be given at least five working days’ notice of the new due date.
Feedback
You can expect to receive marks and feedback on in-course assessment work in time to improve your performance in related assessment tasks later in the course.
Academic Integrity and Misconduct
Students demonstrate academic integrity in their assessment practices by:
- engaging with assessment activities in an honest way;
- providing accountability for the authorship and originality of work submitted;
- acknowledging the work of others and the re-use of original work.
Academic misconduct is addressed in accordance with the Student conduct policy
Assessment involving research with human participants, their information or their tissue, or animal subjects is carried out in accordance with the Staff ethics and integrity policy.
For further information see the Academic Integrity website.
Review and Appeal
A student may request a review of an assessment result or appeal a final course grade in accordance with the Conduct of assessment and appeals section of the Assessment Processes.
Grade Criteria
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
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