Corporations Law

Australian corporate law is an essential element to be understood for the operation and management of companies, which is the basis of BUS250 Corporations Law. The subject covers business structures, the effect of incorporation, Director’s and Officer’s duties, internal governance of corporations and good corporate governance. These skills and knowledge can be applied into the For-Profit and Not-For-Profit sectors equally. Students will look carefully into the Corporations Act 2001 (Cth) and into the operation and role of the corporate watchdog (ASIC).

Awards offering Corporations Law

This unit is offered as a part of the following awards:

• Associate Degree in Business
• Associate Degree in Ministry
• Bachelor of Arts
• Bachelor of Arts and Bachelor of Applied Social Science
• Bachelor of Arts and Bachelor of Business
• Bachelor of Arts and Bachelor of Education (Secondary)
• Bachelor of Business
• Bachelor of Business and Bachelor of Ministry
• Bachelor of Business and Bachelor of Theology
• Diploma of Arts
• Diploma of Business and Diploma of Entrepreneurship
• Diploma of Business and Diploma of Leadership
• Diploma of Business and Diploma of Ministry
• Diploma of Chaplaincy
• Diploma of Chaplaincy and Diploma of Leadership
• Diploma of Chaplaincy and Diploma of Ministry
• Diploma of Entrepreneurship and Diploma of Leadership
• Diploma of Entrepreneurship and Diploma of Ministry
• Undergraduate Certificate in Arts
• Undergraduate Certificate in Business Studies

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