Credit Points: 15

Prerequisite: BB107 Commercial Law

Co-requisite: N/A

Workload: 36 contact hours

Campus: Melbourne, Sydney

Aims & Objectives

This is a second year core unit in the Bachelor of Business, with a major in Accounting.The aim of this unit is to teach students the law relating to companies. Students will learn about the characteristics and types of companies, obtain insights of concepts, principles and legislative provisions underpinning the regulation and governance of companies. The unit will be taught through weekly lectures and the students will have the opportunity to apply the learning through weekly tutorials.

The unit topics include:

  1. Regulation and the main legal characteristics of a company
  2. Classification of companies and their internal management
  3. Company relations with outsiders, promoters and pre-registration contracts
  4. How companies raise funds
  5. Share capital, membership and dividends
  6. Shareholders meetings and financial reporting
  7. The duties that directors and other officers must discharge to a company
  8. Members’ remedies
  9. External administration

Learning Outcomes

At the completion of this unit students should be able to:

  1. Apply legal principles in a practical context
  2. Apply the law to address problems affecting business
  3. Appraise issues in properly managing companies that involve legal, accounting and economic considerations
  4. Evaluate the procedures involved in the internal management of companies
  5. Apply analysis skills to legal business problems

Teaching Method

Lecture: 2 hours
Tutorial/Workshop: 1 hour
Face to Face

Assessment

Assessment Task
Learning Outcomes Assessed
Weighting
Contribution in class a-e* 10%
Case law analysis a, b ,d* 10%
Group research assignment a-e* 20%
Group research assignment presentation a, d* 10%
Final Exam (3 hours) a-e* 50%
Total   100%

*refer to learning outcomes above.

Textbook

Harris, J., Hargovan, A., Adams, M. (2016). Australian Corporate Law, 5th edition. Melbourne, Australia: Lexis Nexis Butterworths


Reference Reading

  • Hanrahan, P., Ramsay, I. & Stapledon, G. (2016). Commercial Applications of Company Law, Melbourne Oxford University Press.

MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:

Ability to communicate Independent and Lifelong Learning Ethics Analytical and Problem Solving  Cultural and Global Awareness Team work Specialist knowledge of a field of study
             

Legend

Colour coding    

Extent covered

                                The standard  is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations
  The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations
  The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations 
  The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by  activities such as lectures or tutorials
  The standard  is not considered, there is no theory or practice or activities associated with this standard