Course Title: Corporations Law
Part B: Course Detail
Teaching Period: Term1 2007
Course Code: LAW5136
Course ID: 038446
Course Title: Corporations Law
School: 650T TAFE Business
Program Code: C6070 - Advanced Diploma of Business (Legal Practice)
Course Contact : Linda Kam
Course Contact Phone: +61 3 9925 5725
Course Contact Email: linda.kam@rmit.edu.au
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
LAW5040 Legal Process [VBM898]
Course Description
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.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
VBM910 Corporations Law |
Learning Outcomes
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.
Overview of Learning Activities
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.
Teaching Schedule
Weekly Schedule | ||
Week beginning | ||
Week 1 – 12th Feb | Define “company.” The development of company law, a comparison of alternative business organisations. |
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Week 2 – 19th Feb | A comparison of various types of companies. | |
Week 3 – 26th Feb | Company promoters and registration | |
Week 4 – 5th Mar | The company’s internal governance rules | |
Week 5 –12th Mar | Dealings with outsiders | |
Week 6 –19th Mar | Shares and shareholding | |
Week 7 –26th Mar | Members’ rights, obligations and remedies | |
Week 8 – 2nd April | The nature and regulation of company finance | Part 1 Portfolio worth 15% due in at Level 13 with Assignment Attachment Form completed |
Mid-semester Break (Student Vacation) – 5th to 11th April | ||
Week 9 – 16th April | Company Management | Class test 1 worth 35% on learning outcomes 1 to 4 |
Week 10 – 23rd April | Company Management | |
Week 11 –30th April | Company Management | |
Week 12 –7th May | Company Takeovers | |
Week 13 – 14th May | External Administration | |
Week 14 –21st May | Liquidation | |
Week 15 – 28th May | Associations | Part II Portfolio worth 15% due in at Level 13 with Assignment Attachment Form completed |
Week 16 –4th June | Revision | |
Week 17-11th June | Class test 2 worth 35% on learning outcomes 5 to 9 | |
Week 18 -18th June | Feedback on course , assessment etc |
Overview of Learning Resources
Learning Resources
Prescribed Texts
“Corporations Law: In Principle,” by Susan Woodward, Helen Bird and Sally Sievers, 7th edition , The Lawbook Company, Code:0455222142 |
References
Lipton P and Herzberg A “Understanding Company Law,” 13th edition, The Lawbook Company |
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Hanrahan P, Ramsay I and Stapleton G, ”Commercial Applications of Company Law,” CCH, Australia |
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Ford HAJ and Ramsay RP “Ford’s Principles of Company Law.” Butterworths, Australia. |
Other Resources
The Corporations Act, 2001
Overview of Assessment
Assessment will consist of written tests and an assignment.
Assessment Tasks
Assessment:
1. Written Test 1 (covering Learning Outcomes 1 to 4) and Test 2 ( covering Learning Outcomes 5 to 9).
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.
2. Portfolio
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 Part I covering Learning Outcomes 1 to 4 and Part II covering Learning Outcomes 5 to 9.
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.
Other Information
Grading
Where there are multiple assessments for a single course, the students must satisfactorily complete all assessment and have a total mark of not less than 50% to pass this course..
Grade: HD Mark: > = 80 Description: High Distinction
Grade: DI Mark: 70 - 79 Description: Distinction
Grade: CR Mark : 60 - 69 Description: Credit
Grade: PA Mark: 50 - 59 Description: Pass
Grade: NN Mark: < 50 Description: Fail
Grade: CA Mark: Not Applicable Description: Competency Achieved
Grade: NYC Mark: Not Applicable Description: Not Yet Competent
Course Overview: Access Course Overview