|School or Department :||School of Law and Justice|
|Grading basis :||Graded|
|Course fee schedule :||https://www.unisq.edu.au/current-students/administration/fees/fee-schedules|
|Version produced :||30 September 2023|
Enrolment is not permitted in LAW1501 if LAW1500 has been previously completed.
Modern businesses are required to work within both legal and ethical frameworks to meet their mission and purpose. These frameworks impact decision making, and both constrain and guide the behaviours of all stakeholders. This course introduces you to the foundation principles of Australian business law and application of ethics principles to enable ethical decision-making. The interrelationships between these concepts are important in professional practice and for business success. The application of ethics in the context of legal decision making when engaging in contract development and negotiation, reduction of legal compliance risk, including negligence risk, and other business interactions in a company law context will highlight to you how businesses can move beyond mere legal compliance. Understanding how the principles of ethical decision-making differ in global contexts will also prepare you to anticipate and prepare for their entry into more complex work environments. This course is a required technical and profession competency component of CPA and CAANZ accreditation and specifically addresses Technical Competency Areas 4 & 11.
You are introduced to the relationship between the law and ethics and the legal environment for business decision making. This introduces the sources of law, court hierarchies and the role of precedent, and the conduct of civil and criminal actions. It examines important ethics categories (consequentialism and normative) and their impact on behaviour within a global business context. Key areas of law covered include the formation and interpretation of a contract, enforcement of contracts, with agency included with the contract since it essentially is a contractually based relationship which emphasizes the importance of an agent meeting ethical standards that inform and help to meet their fiduciary obligation under the law; key areas of the tort of negligence and the link to ethical decision making with particular emphasis on the duty of care and when this is breached and also looking at causation which examines the link between an act which can give rise to legal liability; key principles of company law relevant to professional environments such as for accountants, including the concept of the company as a separate legal entity, corporate contracting, directors duties, members remedies and the link between these areas and ethical decision making in a global business context. The course also looks at data protection and privacy regulation and storing and using data in a global business context, and the ethical issues arising from data storage and use. You will address legal and ethical dilemmas and problem-based questions to encourage independent thinking bringing all of these areas of the law into a practical context.