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Course specification
The current and official versions of the course specifications are available on the web at http://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

LAW2106 Law of Business Organisations

Semester 2, 2019 On-campus Springfield
Short Description: Law of Business Organisations
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Law and Justice
Student contribution band : Band 3
ASCED code : 090901 - Business and Commercial Law
Grading basis : Graded

Staffing

Examiner: Rami Olwan

Requisites

Pre-requisite: LAW1101
Students enrolled in Programs: LLBP or BLAW or BABL or BALW or BBBL or BBLA or BCLW or BCLA are not eligible for enrolment.
Students who have completed LAW1500 are not eligible for enrolment.

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

This course provides an overview of the principles and mechanisms of the law governing the commonest legal arrangements through which business is conducted in Australia. In an increasingly complex business environment, discerning and understanding the principles which underlie the complexity of the law governing business organisations is practically useful. It enables people of business and their advisers to identify and address important issues of partnership, trust, associations and company law when they arise. This course provides a foundation for the study of these matters.

Synopsis

This course is not suitable to be undertaken as an elective under the Bachelor of Laws program.
The objective of this course is to introduce students to the legal principles associated with partnerships, associations, trusts and corporations. In particular, students will be exposed to the Partnership Act and Corporations Act in detail and shall be required to be able to describe all appropriate legal principles dealing with such entities and the internal and external relationships thereof.

Objectives

On completion of this course students will be able to:

  1. demonstrate an understanding of the basic principles associated with partnership, trusts, associations and corporations law (the relevant law)
  2. identify issues of the relevant law in a way that is consistent with the practice of the accounting and finance professions, and the general conduct of business
  3. develop critical thinking and judgement in identifying and solving problems in accordance with the relevant law
  4. demonstrate communication skills in presenting clear, coherent and independent exposition of the relevant law.

Topics

Description Weighting(%)
1. Business structures 5.00
2. Partnerships 5.00
3. Trusts 5.00
4. Introduction to company law 10.00
5. Lifting the corporate veil and promoters 10.00
6. Internal governance and corporate liability 10.00
7. Share capital and membership 5.00
8. Directors’ duties I 10.00
9. Directors’ duties II 10.00
10. Meetings and member’s remedies 10.00
11. Corporate finance 10.00
12. External administration 10.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2019&sem=02&subject1=LAW2106)

Please contact us for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)

Harris, J Hargovan, A & Adams, M 2017, Australian corporate law, 6th edn, LexisNexis Butterworths, Chatswood, New South Wales.
(or latest edition.)
2018 Australian corporations legislation, LexisNexis Butterworths/CCH (Vol 1) (or latest edition).

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Austin, RP & Ramsay, IM 2018, Ford's austin and ramsay's principles of corporations law, 17th edn, LexisNexis Butterworths, Chatswood, New South Wales.
(or latest edition - also available online in the LexisNexis AU database, accessible from USQ Library website.)
Baxt, R, Fletcher, K & Fridman, S 2008, Corporations and associations: cases and materials, 10th edn, LexisNexis, Butterworths, Sydney, New South Wales.
Hanrahan, P, Ramsay, I & Stapledon, G 2017, Commercial applications of company law, 18th edn, Oxford University Press, South Melbourne, Victoria.
Krever, R, 'Mastering law studies and law exam techniques', LexisNexis Butterworths, Chatswood, New South Wales
(latest edition required).

Student workload expectations

Activity Hours
Assessments 20.00
Directed Study 39.00
Private Study 106.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ONLINE QUIZ 1 10 10 12 Aug 2019
ASSIGNMENT - PROBLEM-SOLVING 40 40 02 Sep 2019
ONLINE QUIZ 2 10 10 23 Sep 2019
EXAMINATION 40 40 End S2 (see note 1)

Notes
  1. This will be an open examination. The total working time for the examination is 2 hours. The examination date will be available via UConnect when the official examination timetable has been released.

Important assessment information

  1. Attendance requirements:
    Online: There are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

    On-campus: It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.
  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)
  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)
  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must obtain at least 50% of the total weighted marks available for the course.
  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.
  6. Examination information:
    This will be an open examination. Candidates may have access to any printed or written material and a calculator during the examination.
  7. Examination period when Deferred/Supplementary examinations will be held:
    Any Deferred or Supplementary examinations for this course will be held during the next examination period.
  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Referencing in assignments:
    Students studying this course as part of a Bachelor of Laws must use the Australian Guide to Legal Citation (AGLC) style. Students who are not enrolled in a Bachelor of Laws may use either Harvard (AGPS) or the Australian Guide to Legal Citation (AGLC) in their assignments to format details of the information sources they have cited in their work. For AGLC style guide enquiries, consult the AGLC manual from the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing, or contact the Law librarian. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.