Details for BUS250 Corporations Law

Grasping Australian corporate law is crucial for effective company management and operation. This subject offers an examination of business structures, the impact of incorporation, and the roles of directors and officers within both for-profit and not-for-profit sectors. Students will gaining critical insight into corporate governance, the Corporations Act 2001 (Cth), the responsibilities of company directors, and the operations of ASIC.

Quick Stats

• Currently offered by Alphacrucis: Yes
• Course code: BUS250
• Credit points: 10

Subject Coordinator

Prerequisite

Unit Content

Outcomes

1. Identify and explain the regulatory environment for companies in Australia, including the significance of the concept of separate legal entity;
2. Describe the nature and impact of the doctrine of separate legal entity;
3. Describe and critically evaluate the differences between company types and their legal structures;
4. Describe and discuss replaceable rules and the company constitution of the Corporations Act that govern company administration and management;
5. Identify and describe the roles and responsibilities of company directors and shareholders;
6. Demonstrate a broad understanding of the Corporations Act 2001 and its role, while being able to identify and critically discuss the relationship between the Corporations Act and the company’s operations, including being able to explain the procedures for formation, fundraising, corporate governance, takeovers, insolvency and winding up of a company.

Subject Content

1. The Australian regulatory framework for companies
2. Types of companies and the Corporations Act (2001)
3. Constitutions and replaceable rules
4. Corporations and external party relationships
5. Promoters and pre-registration contracts
6. Fundraising and sources of finances
7. Share capital and dividends
8. Corporate governance
9. Directors’ duties and shareholder functions and operations
10. Statutory remedies for members
11. The Australian financial reporting system and disclosure
12. Takeovers and corporate insolvency

This course may be offered in the following formats

• Face-to-Face
• Distance / Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

• Group Case Study (Presentation and Report) (20%)
• Legal Issue Briefing Note/Report (30%)
• Final Exam (50%)

Prescribed Text

• Hargovan, A., Adams, M., & Brown, C. (2023). Australian Corporate Law (8th ed.), Lexis Nexis Australia.

Check with instructor each semester before purchasing any textbooks