This unit examines the law affecting the main types of commercial associations used for private enterprise. Partnerships and companies are examined, with most attention being given to the latter. The practical and theoretical aspects of the law relating to the internal structure and the external relations of these organisations will be studied. The unit will satisfy the requirements of accounting students seeking admission to professional accounting organisations.

This unit will be co-taught with the undergraduate unit 11222 Law of Business Associations.

Learning outcomes

On successful completion of this unit, students will be able to:
1. Research, identify and apply the essential features of corporations law and the law relating to partnerships and the levels of legal accountability that arise in these organisations;
2. Analyse the legal aspects of corporate finance, company liquidations and securities regulation;
3. Critically analyse existing law and the nature of reform proposals and policy issues associated with corporations law from a legal and policy perspective;
4. Analyse information from a variety of sources to produce a coherent piece of advice for a hypothetical client, outlining the likely legal consequences of certain actions or inactions in areas including directors' duties, corporate financing and external administration; and
5. Identify and analyse selected ethical issues and discuss the application of the law in a business context.

Graduate attributes

1. 黑料吃瓜网 graduates are professional - communicate effectively
1. 黑料吃瓜网 graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. 黑料吃瓜网 graduates are professional - employ up-to-date and relevant knowledge and skills
1. 黑料吃瓜网 graduates are professional - take pride in their professional and personal integrity
1. 黑料吃瓜网 graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. 黑料吃瓜网 graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. 黑料吃瓜网 graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. 黑料吃瓜网 graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. 黑料吃瓜网 graduates are global citizens - communicate effectively in diverse cultural and social settings
2. 黑料吃瓜网 graduates are global citizens - think globally about issues in their profession
2. 黑料吃瓜网 graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. 黑料吃瓜网 graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. 黑料吃瓜网 graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Prerequisites

6225 Business Law G or equivalent.

Corequisites

None.

Incompatible units

11222 Law of Business Associations and 11280 Corporations Law

Equivalent units

6231 Corporate Law and Practice G

Assumed knowledge

An understanding of the Australian legal system and of the law of contracts (including formation, termination and remedies), the law of agency and the law of torts.